12218 7th Street, Bear Lake, MI 49614

New Listing
$235,000
Property Type: Multi Family Lot Size (sq. ft.): 29,185 Status: Active
Current Price: $235,000 List Date: 3/03/2026 Last Modified: 3/03/2026

Description

Charming Bear Lake duplex with solid income potential! This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio. Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate. Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs.

More Information MLS# 26007850

Location & Property Info

Cross Streets: South Shore Drive Property Sub-Type: 2 to 4 Units Municipality: Bear Lake Twp

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: 140x 261/130 Road Frontage: 140 Waterfront: No Basement: No Total # Units: 2 # of Diff Unit Floor Plans: 1 Total # Bldgs: 1 Total Parking Spaces: 4 School District: Bear Lake Lot Measurement: Acres Lot Square Footage: 29185 Lot Acres: 0.67 Year Built: 1992

Tax Info

Taxable Value: 46504 SEV: 114000 For Tax Year: 2025 Seller's Annual Property Tax: 2130 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: none known Tax ID #: 02-641-734-30

Remarks & Misc

Public Remarks: Charming Bear Lake duplex with solid income potential! This cute, clean property features two well-kept 2-bedroom, 1-bath units, each with its own garage and laundry. Currently bringing in $1,800 per month total ($900 per unit), it's a great opportunity for an investor or owner-occupant looking for steady cash flow in a desirable lakeside community. Tidy, functional, and easy to love — this is a smart addition to any portfolio. Property functions on private well and septic with natural gas furnace for each unit. Both units have individual gas and electric meters to keep utilities separate. Great location only short walk to Bear Lake and many of the town's conveniences; Bear Lake School, Library and Post Office. Purchase as your primary and use the income from other unit as your own to finance or make easy conversion to 4 bedroom home for your future living needs. Legal: WILDWOOD LOTS 5, 7 & 8 & N 26 FT OF LOTS 9 & 10 BLOCK 19. SALE(76) 3344 0770 (93) 20 1584 0318, 5 1584 0319 (96) 3631 0051 (98) 3683 0039 (00) 800 4741 0163 (02) 3785 0055 (09) QC 2009R005108

Waterfront Options

Water Access Y/N: No

Water Fea. Amenities

Public Access 1 Mile or Less: 1

Lot Description

Recreational: 1

Street Type

Paved: 1 Public: 1

Util Avail at Street

High Speed Internet: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Septic Tank: 1

Water

Well: 1

Terms Available

2nd Mortgage: 1 Cash: 1 Conventional: 1 FHA: 1 MSHDA: 1 Rural Development: 1 VA Loan: 1

Mineral Rights

Yes: 1 Unknown: 1

Laundry Features

Electric Dryer Hookup: 1 Gas Dryer Hookup: 1

Exterior Material

Vinyl Siding: 1

Roofing

Metal: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1

Air Conditioning

None: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Gas: 1 Trash: 1

Driveway

Asphalt: 1

Substructure

Crawl Space: 1

Extras

Garages: 1 Sep Electric Meter: 1 Sep Gas Meter: 1 Tenant Storage: 1

Owner Pays

None: 1

Unit 1

Unit Description: Unit #14 SqFt: 768 Occupied: Yes Monthly Rent: 900 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Garage: 1 Range Oven: 1 Refrigerator: 1 Sep. Heat System: 1

Unit 2

Unit Description: Unit #18 SqFt: 768 Occupied: Yes Monthly Rent: 900 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Garage: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1

Possession

Subject To Tenant Rights: 1

Location Property Info

County: Manistee Street #: 12218 Street Name: 7th Suffix: Street State: MI Zip Code: 49614 Zip (4): 9501

OfficeContract Info

Status: Active Current Price: $235,000 List Price: $235,000 Listing Date: 2026-03-03

Property Features

Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup Exterior Material: Vinyl Siding Roofing: Metal Substructure: Crawl Space Lot Description: Recreational Sewer: Septic Tank Water: Well Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: High Speed Internet Extras: Garages; Sep Electric Meter; Sep Gas Meter; Tenant Storage Owner Pays: None Tenant Pays: Electric; Gas; Trash Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Asphalt Street Type: Paved; Public Mineral Rights: Yes; Unknown Terms Available: 2nd Mortgage; Cash; Conventional; FHA; MSHDA; Rural Development; VA Loan Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: Garage; Range Oven; Refrigerator; Sep. Heat System Unit 2: Garage; Range/Oven; Refrigerator; Sep. Heat System
Listing Office: Essential Real Estate
Listing Agent: Jenna Mahoney
IDX
Last Updated: March - 03 - 2026
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