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$235,000 Just Listed
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Property 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.
Full Property Details
Full Property Details for 12218 7th St
General
- Price: $235,000
- Taxes: $2,130
- Status: Active
- Type: Single Family
- Source: SWMRIC_MLS
- MLS ID: 26007850
- Updated: Today (3/3/2026)
- Added to Site: Today
Rooms
Other Rooms
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Parking
- Total Spaces: 4
- Parking Features: Asphalt, Driveway
Location
- County: Manistee
- Cross Streets: South Shore Drive
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Septic Tank
- Water: Well
- Well: Yes
- Utility Description: Phone Connected, Natural Gas Connected, Electricity Connected
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Roof: Metal
- Year Built: 1992
Lot Features
- Lot Size (Acres): 0.67
- Lot Size (Sq. Ft.): 29,185
- Lot Dimensions: 140 x 261/130
- Frontage: Paved
- Lot Features: Recreational
Financial Considerations
- Tax Amount: $2,130
- Terms: VA Loan, Rural Development, MSHDA, FHA, Cash, 2nd Mortgage, Conventional
- Landlord Pays: None
- Tenant Pays: Electricity, Trash, Gas
Disclosures and Reports
- Legal Description: 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
- Property ID: 02-641-734-30
Listed by Essential Real Estate, Jenna Mahoney
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Schools
Schools serving 12218 7th St
School District:Bear Lake School District
| Name | Grades | Distance |
|---|---|---|
Bear Lake Elementary School 7748 Cody Street, Bear Lake, MI 49614 | PK-6 | 1.2 mi |
Bear Lake High School 7748 Cody Street, Bear Lake, MI 49614 | 7-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12218 7th St
Date
Details
Price
Change
Source
3/03/2026
Listed
$235,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12218 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,091
8%
$114,000
5%
2023
$1,935
—
$108,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12218 7th St
12218 7th Street, Bear Lake, MI 49614 (MLS# 26007850) is a Single Family property with 0 bedrooms and 0 full bathrooms. 12218 7th Street is currently listed for $235,000 and was received on March 03, 2026. Want to learn more about 12218 7th Street? Do you have questions about finding other Single Family real estate for sale in Bear Lake? You can browse all Bear Lake real estate or contact a Coldwell Banker agent to request more information.

