Updated 4-unit property on the east side of Traverse City near Timber Ridge. 1627 Rasho Rd features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, with shared front/rear entry and common laundry. Major 2023/2024 improvements include new flooring, countertops, appliances, lighting, paint, HVAC units, 3 new water heaters, exterior paint, and a new roof in February 2024. Detached 5-stall garage, adjacent deck area, and large lawn bordering woods. Gross monthly income of $6,814 includes rent, pet rent, and trash fees.
For sale
$824,900
1627 Rasho Rd, Traverse City, MI 49696
7beds
4baths
5,008sqft
Multi Family
Built in 1980
-- sqft lot
$776,300 Zestimate®
$165/sqft
$-- HOA
What's special
Large lawn bordering woodsExterior paintCommon laundryAdjacent deck areaNew flooring
- 9 days
- 264
- 20
Zillow last checked:
Listing updated:
Listed by:
Troy Daily 231-288-7676,
REMAX Bayshore - Union St TC 231-941-4500
Source: NGLRMLS,MLS#: 1952275
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Dishwasher, Microwave, Washer, Dryer
- Laundry: Laundry Hook-up
Features
- Drywall, Cable TV, High Speed Internet
- Basement: Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 5,008
- Total interior livable area: 5,008 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has view: Yes
- View description: Countryside View
- Waterfront features: None
Lot
- Size: 1.1 Acres
- Dimensions: 176.7 x 271.80
- Features: Landscaped
Details
- Additional structures: None
- Parcel number: 0338600100
- Zoning description: Residential,Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Foundation: Wood
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Private Sewer
- Water: Private
Community & HOA
Community
- Features: None, Pets Allowed
- Subdivision: 1627 Rasho Rd
Location
- Region: Traverse City
Financial & listing details
- Price per square foot: $165/sqft
- Tax assessed value: $259,399
- Annual tax amount: $11,308
- Price range: $824.9K - $824.9K
- Date on market: 11/5/2026
- Cumulative days on market: 193 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Private Owner
- Lease term: 12 Months,Other
Estimated market value
$776,300
$737,000 - $815,000
$1,722/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2026 | Listed for sale | $824,900-2.8%$165/sqft |
Source:  NGLRMLS #1952275 Report a problem | ||
| 10/24/2026 | Listing removed | $849,000$170/sqft |
Source: NGLRMLS #1944133 Report a problem | ||
| 4/23/2026 | Listed for sale | $849,000+9%$170/sqft |
Source: NGLRMLS #1944133 Report a problem | ||
| 10/5/2024 | Listing removed | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 9/9/2024 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 8/9/2024 | Listing removed | -- |
Source: NGLRMLS #1922894 Report a problem | ||
| 7/18/2024 | Price change | $779,000-2.5%$156/sqft |
Source: NGLRMLS #1922894 Report a problem | ||
| 5/30/2024 | Listed for sale | $799,000-1.4%$160/sqft |
Source: NGLRMLS #1922894 Report a problem | ||
| 4/26/2024 | Listing removed | $810,000$162/sqft |
Source: NGLRMLS #1918844 Report a problem | ||
| 2/19/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/16/2024 | Price change | $810,000-1.8%$162/sqft |
Source: NGLRMLS #1918844 Report a problem | ||
| 1/25/2024 | Listed for sale | $825,000+54.2%$165/sqft |
Source: NGLRMLS #1918844 Report a problem | ||
| 1/5/2024 | Listed for rent | $1,500 |
Source: Zillow Rentals Report a problem | ||
| 7/20/2023 | Sold | $535,000-14.4%$107/sqft |
Source: NGLRMLS #1911389 Report a problem | ||
| 5/24/2023 | Listed for sale | $625,000$125/sqft |
Source: NGLRMLS #1911389 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,308 +51.3% | $275,700 +9.6% |
| 2024 | $7,473 +51.7% | $251,600 +50.3% |
| 2023 | $4,927 +3.5% | $167,400 +13.2% |
| 2022 | $4,761 +1.6% | $147,900 +9% |
| 2021 | $4,685 +0.5% | $135,700 -11.5% |
| 2020 | $4,663 | $153,300 -3.6% |
| 2019 | $4,663 +2.4% | $159,000 +24.2% |
| 2018 | $4,552 | $128,000 +4.1% |
| 2017 | -- | $123,000 +2.2% |
| 2016 | -- | $120,400 +25.2% |
| 2014 | -- | $96,200 -25.9% |
| 2011 | -- | $129,820 -3.8% |
| 2009 | -- | $134,960 -1% |
| 2008 | -- | $136,280 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49696
Nearby schools
Schools provided by the listing agent
- District: Traverse City Area Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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