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423 Fifth Street, Traverse City, MI 49684

Hannah Lay & Co's 6th Addition · Grand Traverse County

Key Facts

5Beds
3Baths
3,304Sq Ft
1900Year Built
0.19Lot (acres)
2Garage

Description

EXPERIENCE THE BEST OF DOWNTOWN TRAVERSE CITY LIVING in this beautifully updated home on Fifth Street where historic charm meets modern luxury. This five-bedroom, three-bath residence offers 3,304 square feet of thoughtfully designed space, ideal for those seeking a move-in ready home within walking distance of West Bay, Front Street and the Farmers Markets as well as award-winning restaurants, beaches, trails and cultural events. Inside you'll find light filled living and dining spaces, original wood floors and elegant finishes that reflect timeless style. The kitchen area is large and open offering plenty of space for daily living and entertaining. The primary suite offers a peaceful retreat while the additional bedrooms provide flexibility for guests, a home office or creative space. Outside, the private backyard and patio create a thoughtful oasis in the heart of downtown. If you've been searching for a perfect spot in Traverse City that offers location, lifestyle and luxury, this is the one!

Property Information

Property Type

Residential

Sub-Type

Single Family Residence

Style

Victorian

Year Built

1900

Living Area

3,304 sq ft

Lot Size

0.19 acres

Lot Dimensions

50 x 165

Garage Spaces

2

Days on Market

4

MLS® Listing#

1945569

Property Features

Interior

BookcasesEntrance FoyerWalk-In Closet(s)PantryGranite CountersCeiling Fan(s)High Speed Internet

Exterior

Rain Gutters

Appliances

RefrigeratorDisposalMicrowaveWasherDryerOvenCooktopExhaust FanGas Water Heater

Heating

Forced AirFireplace(s)Natural Gas

Flooring

WoodCarpet

Fireplace

Gas

Parking

ConcreteAlley AccessPrivateDetachedGarage Door OpenerPaved

Laundry

Upper Level

Patio

Patio

Lot Features

LevelLandscapedSubdivided

Construction

FrameWood Siding

Roof

Asphalt

Windows

Blinds

Security

Smoke Detector(s)

Other Structures

None

Community

None

Utilities

Cable Connected

Sewer

Public Sewer

Water Source

Public

Financial Details

HOA

Yes

Assessed Value

$244,517

Parcel Number

28-51-638-006-00

Directions

Between Oak and Wadsworth on the South side of the road

Affordability Calculator

$279,000

Estimated monthly payment

$7,425/mo

Principal $1,116,000 · Est. interest $1,556,919 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Traverse City, MI

$236,506
Median Listing Price
59
Median Days on Market
1,500
Median Sq Ft
$135
Median Price / Sq Ft
13,265
Active Listings
  • This home’s price is 490% above the area median.
  • Its price per sq ft is 213% above the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Traverse City, MI.

Location

Map showing the location of 423 Fifth Street, Traverse City, MI 49684

Points of Interest in Traverse City, MI

Showing the Traverse City area map.

Nearby Schools

  • Central Grade School

    Elementary · 0.2 mi away

  • Immaculate Conception Elementary School

    Elementary · 0.4 mi away

  • Traverse City Senior High School

    Secondary · 0.4 mi away

  • St Francis High School

    Secondary · 0.6 mi away

  • Grand Traverse Area Catholic Schools

    Elementary · 0.6 mi away

  • Holy Angels Elementary School

    Elementary · 0.6 mi away

  • Trinity Lutheran Church & School, LCMS

    Elementary · 0.7 mi away

  • Glenn Loomis Elementary School

    Elementary · 0.7 mi away

  • Tcaps Montessori School

    Elementary · 0.7 mi away

  • Traverse City Elementary School

    Elementary · 0.7 mi away

  • Willow Hill Elementary School

    Elementary · 1.0 mi away

  • New Campus Center

    School · 1.1 mi away

  • Traverse Bay Area Isd

    School · 1.1 mi away

  • Greenspire School

    Secondary · 1.1 mi away

  • Tcaps Montessori School

    Elementary · 1.5 mi away

  • Bethlehem Nursery School

    Elementary · 1.7 mi away

  • Oak Park Elementary School

    Elementary · 1.7 mi away

  • Traverse Heights Elementary School

    Elementary · 1.7 mi away

  • West Middle School

    Secondary · 1.8 mi away

  • Traverse Bay Mennonite School

    School · 1.8 mi away

Commute Calculator

Travel mode

Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in Traverse City

Listing Courtesy: Traverse Real Estate - Cell: 727-452-2572

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright ©2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by NorthernGreatLakes. MLS® Listing#1945569. © 2026EXIT Realty®. All rights reserved.