120 N Farmer Street Otsego, MI $ 375,000
120 N Farmer Street
$ 375,000
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120 N Farmer Street

Otsego, MI, 49078
$ 375,000
Baths0.0 Sq 3,944

Monthly Estimate*

$ 2,309

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Studio

Multi-Family Home for sale in Otsego, MI

for $375,000. This 3,944 square foot home was built in 1870 on a lot size of 0.07.

Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong, consistent cash flow with a current gross income of $4,030/month and an impressively low expense ratio. A major bonus for investors--city-owned parking means reduced maintenance responsibilities and costs, as the municipality handles parking areas and sidewalks. The property features a versatile unit mix, including two approximately 950 sq ft main-floor commercial suites with excellent street presence, plus three residential units: a well-appointed 1-bedroom/1-bath apartment, a spacious 2-bedroom/1-bath unit, and a studio apartment. All units have seen significant updates, providing a clean, modern feel that attracts and retains quality tenants. Whether you're looking to expand your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own a

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Multi-Family Active

Price

$ 375,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,989

Style

Lot Size

0.07

Year Built

1870

Town/City

Otsego

County/Region

Allegan

MLS | Web ID

70525842

Features
General
Heating Forced Air
Status Active Active
Year Built 1870
County Allegan
Class MULTIFAMILY
Type Multi-Family
Municipality Otsego
Zoning Commercial
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Otsego (03036)
Primary City Otsego
Directions N on S Farmer past E Allegan St. Building is on the right.
City Otsego
School District Otsego Public Schools
Financial Terms Cash Conventional
Legal Description SLY 34.64 FT OF LOT 120 O. P. SEC 22 & 23. TAX MAP: 0.07 AC
DOM 1
Postal Code 49078
Price Per Sq Ft Total AG 95.08
Public Remarks Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong consistent cash flow with a current gross income of $4
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Exterior
Exterior Vinyl Siding
Frontage 30
Lot Size Area 0.07
Lot Dimensions 30.64x101
Lot Description Sidewalks
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Total Number of Units 5
Fuel Type Natural Gas
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* Excluded Features
List By
Adam Atwood

Listing Agent

Five Star Real Estate

Broker

atwoodproperties@gmail.com

Email

Affordability Calculator

$2,641
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,309
Monthly Property Taxes
$332
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
3952936 Elementary School
3952933 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$375,000 Listed Price

Map


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120 N Farmer Street, Otsego, MI, 49078 is a Multi-Family Home for sale at $375,000 with 3,944 sqft and a lot size of 0.07. 120 N Farmer Street is a studio with 0.0 baths and was built in 1870. The property's zip code is 49078 which is in Otsego, MI