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    Mixed-Use 5-Unit Downtown Building
    Updated: Apr 17
    Mixed-Use 5-Unit Downtown Building

    120 N Farmer Street, Otsego, MI 49078

    $375,000
    0.07 AC lot
    Turnkey investment property with strong, consistent cash flow ($4,030/month gross income) and low expense ratio.
    Prime downtown Otsego location with two commercial suites offering excellent street presence.
    Low‑maintenance due to city‑owned parking, reducing owner responsibilities and costs.
    Versatile unit mix: two commercial suites, a 1‑bedroom, a 2‑bedroom, and a studio apartment.
    All units have been significantly updated, providing a clean, modern feel.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Otsego, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    16-Unit Apartment Building
    16-Unit Apartment Building

    1710 E G Avenue, Kalamazoo, MI 49004

    $1,290,000
    0.86 AC lot

    Sixteen-unit income property with mostly recently renovated interiors and a mix of 2-bedroom and 1-bedroom units.

    View details
    Brick 24-Unit Apartment Complex
    Brick 24-Unit Apartment Complex

    503 North Riverview Drive, Parchment, MI 49004

    $1,700,000
    601 sqft

    Twenty-four apartments are spread across four brick three-story buildings with on-site coin laundry and 25 parking spaces.

    View details
    Brick 6-Unit Apartment Building
    Brick 6-Unit Apartment Building

    436 Campbell Avenue, Kalamazoo, MI 49006

    $399,700
    0.30 AC lot

    Six-unit brick apartment building with rear parking and carports covering up to four vehicles.

    View details
    Plainwell Multifamily Development Opportunity
    Plainwell Multifamily Development Opportunity

    355 12th Street, Plainwell, MI 49080

    $91,000
    3.04 AC lot

    3+/- acre site zoned for multifamily residential development.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Retail-Zoned Development Land Opportunity
    Retail-Zoned Development Land Opportunity

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2-acre site with retail zoning and conditional overlay, approved for 352 apartments and multiple residential lot configurations.

    View details

    Otsego, MI Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Otsego, MI on our real estate platform.

    Sale prices for two-family homes in Otsego, MI average $375,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 10K
    Population Growth (5Y) +13.4%
    Median Household Income $77,517
    College Educated 25.1%

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $79.14 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegan County

    Retail

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