Is Petoskey, MI dog-friendly?

As of early 2026, 89% of users say it's dog friendly

Is a car needed in Petoskey, MI?

As of early 2026, 80% of users say car is needed

Would people walk alone at night in Petoskey, MI?

As of early 2026, 78% of users say people would walk alone at night

Is there wildlife in Petoskey, MI?

As of early 2026, 77% of users say there's wildlife

Does Petoskey, MI show holiday spirit?

As of early 2026, 75% of users say there's holiday spirit

Is parking easy in Petoskey, MI?

As of early 2026, 75% of users say parking is easy

Are yards well-kept in Petoskey, MI?

As of early 2026, 74% of users say yards are well-kept

Do kids play outside in Petoskey, MI?

As of early 2026, 73% of users say kids play outside

Are the streets well-lit in Petoskey, MI?

As of early 2026, 72% of users say streets are well-lit

Is Petoskey, MI quiet?

As of early 2026, 69% of users say it's quiet

Do residents of Petoskey, MI plan to stay at least 5 years?

As of early 2026, 66% of users say they plan to stay for at least 5 years

Is Petoskey, MI walkable to restaurants?

As of early 2026, 63% of users say it's walkable to restaurants

Does Petoskey, MI have sidewalks?

As of early 2026, 62% of users say there are sidewalks

Are neighbors friendly in Petoskey, MI?

As of early 2026, 58% of users say neighbors are friendly

Is Petoskey, MI walkable to grocery stores?

As of early 2026, 53% of users say it's walkable to grocery stores

Are there community events in Petoskey, MI?

As of early 2026, 39% of users say there are community events

FOR SALE

431 Madison St
Petoskey, MI 49770

5 Beds
2 Baths
2,461 sqft

$399,900

Est. Mortgage $2,352/mo*

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$399,900

Est. Mortgage $2,352/mo*

Get Pre-Qualified

5 Beds

2 Baths

2,461 sqft

Local Information

-- mins to

Commute Destination

Description

Located in the heart of Petoskey, this versatile in-town home offers an exceptional location directly across the street from McLaren Northern Michigan Hospital and just a short distance from downtown Petoskey’s shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilities—continue its income-producing use, or easily convert it back to a single-family residence with the added bonus of separate living quarters above the garage. The home has seen many recent improvements, including a new roof on the main house approximately five years ago, brand-new windows throughout the main house, and a newly rebuilt front porch that adds to its curb appeal. Above the garage, a newly renovated one-bedroom, one-bath apartment offers excellent flexibility, whether used as a rental for additional income or as comfortable guest accommodations. With its prime location, recent updates, and flexible layout, this property presents a rare opportunity to own a home that can adapt to a variety of living or investment needs in one of Petoskey’s most convenient neighborhoods.

Home Highlights

Parking

Garage

Outdoor

Deck

A/C

Heating only

HOA

None

Price/Sqft

$162

Listed

148 days ago

Home Details for 431 Madison St

Interior Features
Interior Details Basement: MichiganNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom, Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout Living Area: 2461 Square Feet
Appliances & Utilities Utilities: Cable ConnectedAppliances: Refrigerator, Dryer, RangeDryerRefrigerator
Heating & Cooling Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas

Exterior Features
Exterior Home Features Patio / Porch: DeckOther Structures: None
Parking & Garage Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking: Detached Garage
Frontage Not on Waterfront
Water & Sewer Sewer: City

Days on Market
Days on Market: 148

Property Information
Year Built Year Built: 1950
Property Type / Style Property Type: Residential
Building Construction Materials: Wood Frame/Site Built

Price & Status
Price List Price: $399,900Price Per Sqft: $162

Active Status
MLS Status: Active

Location
Direction & Address City: Petoskey
School Information Elementary School District: PetoskeyJr High / Middle School District: PetoskeyHigh School District: Petoskey

Agent Information
Listing Agent Listing ID: 478568

HOA
No HOA

Lot Information
Lot Area: 7500 sqft

Miscellaneous
BasementMls Number: 478568

Last check for updates: about 15 hours ago

Listing courtesy of Clinton Shuman

Real Estate One, (231) 347-6200

Source: Northern Michigan MLS, MLS#478568

Market trends in Petoskey

Last updated May 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

149

30MoM

Price History for 431 Madison St

Date	Price	Event	Source
01/16/2026	$399,900	Listed For Sale	Northern Michigan MLS #478568

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Property Tax and Assessment

Year	2021
Tax
Assessment	$150,200

Home facts updated by county records

Comparable Sales for 431 Madison St

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
46 Bridge St, Petoskey, MI	0.38	Single-Family Home	$150,000	04/17/26	5	2	2,108
1111 Petoskey St, Petoskey, MI	0.70	Single-Family Home	$759,000	08/01/25	5	3.5	4,253

Nearby homes

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Additional Cost

Assigned Schools

These are the assigned schools for 431 Madison St.

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Petoskey

At least 89 Trulia users voted on each feature.

89 % Say it's dog friendly
80 % Say car is needed
78 % Say people would walk alone at night
77 % Say there's wildlife
75 % Say there's holiday spirit
75 % Say parking is easy
74 % Say yards are well-kept
73 % Say kids play outside
72 % Say streets are well-lit
69 % Say it's quiet
66 % Say they plan to stay for at least 5 years
63 % Say it's walkable to restaurants
62 % Say there are sidewalks
58 % Say neighbors are friendly
53 % Say it's walkable to grocery stores
39 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.

Kalajhutchinsoncounseling
Resident
1mo ago
"Kind and friendly. Helpful and connected with resources in the area. Clean and beautiful. Great community clean up and services. Lots of restaurants and stores to fill your needs. "
0
Flag
DavD
Resident
5mo ago
"I love it here and have lived here for over 30 years. This is the most safest and beautiful town in Michigan!"
0
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Rick Pawley
Resident
11mo ago
"Bike trail. Beach. Rock collecting. State park. Victorian homes. Close shopping. Many restaurants nearby. "
0
Flag
Leirik Wysocki
Resident
1y ago
"Avoid going through Bay View in the summer time. Unless you want to lose an hour of your time haha "
0
Flag
Reed_perkins
Resident
1y ago
"Top quality performing arts and music in the historical community of Bay View, which sits inside Petoskey "
0
Flag
khaalck
Resident
2y ago
"I am less than 10 minutes from everything within the city limits. I also live close to grocery stores. "
0
Flag
Ktwichel3
Resident
2y ago
"It’s quite except for new years and the 4th where the city has accepted the use of fireworks. Huge mistake!"
0
Flag
Angela188
Resident
5y ago
"Petoskey art in the park, winter festival, movies in the park, open house nights, bliss fest, festival by the bay "
0
Flag
Josephmccarron64
Resident
6y ago
"There are many families in this neighborhood and surrounding ones. Lots of pets, people are pleasant and friendly"
0
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Melissa.hundey
Resident
6y ago
"The downtown truck or treating the Sat before Halloween The winter carnival in February at the winter sports part "
0
Flag
Emily C.
Resident
7y ago
"Schools are great. Nice neighborhood and neighbors too lots of parks and things to do. Lots of sports for kids to join"
1
Flag
Kendrasgreen21
Resident
7y ago
"far proximity from other houses, private, lots of yard space. in the woods, away from the road. isolated areas. "
1
Flag
Emily C.
Resident
7y ago
"Parades, fun for the kids every Halloween downtown trick or treat. Beaches, breakwall to jump off of"
0
Flag
Lacy M.
Resident
7y ago
"The schools are great. Rent prices and property taxes are very high. Good paying jobs are available, but minimal. Overall, a great town. It's expensive to live here."
7
Flag
Kgrunt
Prev. Resident
7y ago
"Very beautiful landscape. Raised my four kids there. Spent my life there until moving to Florida due to getting tired of winters here. "
4
Flag
Reiner B. N.
Resident
7y ago
" Gated community surrounding a golf course and yacht club. Community is on Lake Michigan (little traverse bay) and has many good restaurants "
0
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Famtastic l.
11y ago
"This home is located accross from state land and surrounded by CCC trails. If you love dirt bike riding, snow mobiling, horse back riding, etc this is the perfect spot. Located just 10 minutes from Petoskey which is set on Lake Michigan. There are many activies to keep you busy in this small town and surrounding area. "
0
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Bizbox43
13y ago
"Estimated prices shown are on the low side. Fabulous area for a summer home but great opportunities for winter sports as well. World class yacht club. Excellent 27 holes of golf. Two protected harbors. Highest usage of electric cars in the country (GEM cars)."
0
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LGBTQ Local Legal Protections

Clinton Shuman, Real Estate One, (231) 347-6200

431 Madison St, Petoskey, MI 49770 is a 5 bedroom, 2 bathroom, 2,461 sqft single-family home built in 1950. This property is currently available for sale and was listed by Northern Michigan MLS on Jan 16, 2026. The MLS # for this home is MLS# 478568.

431 Madison St
Petoskey, MI 49770

$399,900

$399,900

Local Information