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120 N Farmer Street
Otsego, MI 49078

$375,000 - Status: Active
MLS# 26016147

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 youre 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 Features

MLS#: 26016147
Zip: 49078
Subdivision:
Development: Otsego City
Property Type: Multi Unit - Multiple
Number of Units: 5
Basement: Full
Days on Site: 13
Heating: Forced Air
Lot Size: 0.07 acres
Roof Type: Composition
Taxes: $3,989
Year Built: 1870

Feature Descriptions

Exterior: Vinyl Siding
Lot Description: Sidewalk
Lot Dimensions: 30.64x101
Owner Pays: None
Parcel Number: 54-100-120-70
Parking Total: 10
Road Surface: Paved
Sub Type: 5+ Units
Tenant Pays: Electric, Water, Trash, Sewer, Gas
Units: 5
Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Local Schools

School District: Otsego

120 N Farmer Street | MLS# 26016147

This multi-family property located at 120 N Farmer Street, Otsego, MI 49078 is currently listed for sale with an asking price of $375,000. N Farmer Street is located within the Otsego school district. Search Otsego real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Five Star Real Estate
Agency Phone: 269-377-4589
Agent Name: Adam Atwood

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

IDX logoThe property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/01/2026.

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