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 low-maintenance, passive income generator in a growing downtown market.
Property Details
Price:
$375,000
MLS #:
26016147
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
5+ Units
Listed Date:
Apr 17, 2026
Lot Size:
3,049 sqft / 0.07 acres (approx)
Year Built:
1870
See this Listing
Schools
School District:
Otsego
Interior
Heating
Forced Air
Exterior
Construction Materials
Vinyl Siding
Lot Features
Sidewalk
Parking Spots
10
Parking Total
10
Roof
Composition
Financial
Tax Year
2025
Taxes
$3,990
Map
Community
- Address120 N Farmer Street Otsego MI
- CityOtsego
- CountyAllegan
- Zip Code49078
Subdivisions in Otsego
Market Summary
Current real estate data for Single Family in Otsego as of Jun 14, 2026
33
Single Family Listed
46
Avg DOM
191
Avg $ / SqFt
$333,139
Avg List Price
Property Summary
- 120 N Farmer Street Otsego MI is a Single Family for sale in Otsego, MI, 49078. It is listed for $375,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1870. The average price per square foot for Single Family listings in Otsego is $191. The average listing price for Single Family in Otsego is $333,139. To schedule a showing of MLS#26016147 at 120 N Farmer Street in Otsego, MI, contact your Anchor Trust Realty And Relocation Services agent at 6166170639.
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