351 W Main Street Vanderbilt, MI $ 185,900
351 W Main Street
$ 185,900
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351 W Main Street

Vanderbilt, MI, 49795
$ 185,900
Bedrooms5 Baths3.0 Sq 2,000

Monthly Estimate*

$ 1,145

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Multi-Family Home for sale in Vanderbilt, MI

for $185,900 with 5 bedrooms and 3 full baths. This 2,000 square foot home was built in 1986 on a lot size of 0.19.

Multi-unit investment opportunity in Vanderbilt, just minutes from Gaylord and nearby hospital access. This property offers flexible rental potential with three units and is well-positioned for furnished mid-term rental use, including traveling nurses and short-term tenants. Seller reports strong demand through Furnished Finder and is currently transitioning the property toward fully furnished rentals. One unit is currently occupied at $1,600/month, while the other units are expected to be vacant. Seller projects higher rental potential during the summer season when operated as furnished units. Recent improvements include a newer roof, rebuilt exterior wall section, updated flooring, refinished walls, insulated roof work, recessed lighting, and two solar vents added to help with prior ice dam concerns. The property includes a well, brand-new septic system, multiple storage buildings, a 12x10 outbuilding with loft, furnishings, rugs, décor, picnic table, firepit, lawnmower, and additional materials the seller may leave with the sale. Exterior cleanup and finishing touches are still needed, but much of the setup is already in place for someone looking to operate furnished rentals in a resort-area market.

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Multi-Family Active

Price

$ 185,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,493

Style

Lot Size

0.19

Year Built

1986

Town/City

Vanderbilt

County/Region

Otsego

MLS | Web ID

50209253

Features
Interior
Interior Amenities Cable/Internet Avail. Furnished
Basement Block
Beds 5
Fireplace? No
Total Number of Units 3
Fuel Type Natural Gas
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General
Heating Wall Heat
Cooling Ceiling Fan(s) Wall/Window A/C
Possession At Close
Water Private Well
Appliances Range/Oven Refrigerator Washer
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1986
Subdivision Berrys Add To Village Of Vanderbilt MI
Water Heater Gas
County Otsego
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Vanderbilt
Electric 200+ Amp Service
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available Sewer Available
Structure Style 2 Story
Area Vanderbilt (69013)
Primary City Vanderbilt
City Vanderbilt
School District Vanderbilt Area Schools
Financial Terms Cash Conventional
Legal Description LOT 197 & E 1/2 OF LOT 269 BERRYS ADDITION VILLAGE OF VANDERBILT. SEC 22 & 27 T32N R3W.
DOM 0
Postal Code 49795
Price Per Sq Ft Total AG 92.95
Public Remarks Multi-unit investment opportunity in Vanderbilt
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Exterior
Exterior Wood
Exterior Amenities Porch
Lot Size Area 0.19
Lot Dimensions 8276
Waterfront Y/N No
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* Excluded Features
List By
Troy Schearer

Listing Agent

Jpar - Great Lakes Bay Region

Broker

troyschearer@jpar.net

Email

Affordability Calculator

$1,352
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,145
Monthly Property Taxes
$208
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4800940 Elementary School
4800938 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2026$185,900 Listed Price

Map


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351 W Main Street, Vanderbilt, MI, 49795 is a Multi-Family Home for sale at $185,900 with 2,000 sqft and a lot size of 0.19. 351 W Main Street has 5 bedrooms, 3.0 baths, and was built in 1986. The property's zip code is 49795 which is in Vanderbilt, MI