Otsego Lake Multifamily Cottage
3551 W Otsego Lake Drive Gaylord, MI 49735
For Sale
$895,000
MULTI_FAMILY - Cottage - Gaylord, MI
Property Size3,169 SF
Lot Size2.40 Acres
Price / SF$282.42
Days on Market80
Property Features for 3551 W Otsego Lake Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RR
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 3, Bathroom 1
- Interior features
- Cable, Ceiling Fans, Doorwall, Hardwood Floors, Vaulted Ceilings
- Basement
- Crawl Space
- Appliances
- Refrigerator, Electric Range
- Standard status
- Active
- APN
- 010-020-400-100-00
- Size
- 3,169 SF
- Lot size
- 2.40 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S 150' OF N 558' OF GLO LOT 3. SEC 20 T30N R3W.
Utilities
- Sewer type
- Shared Septic
- Heating system
- Forced Air, Natural Gas
- Water source
- Well
- Water front
- 1
Building Details
- Number of units
- 4
- Building materials
- Metal Siding, Vinyl
- Architectural style
- Cottage
Listing Agency:
smith realty GROUP
(989) 732-2477
Listed By:
Ryan Wojan · License #6506047353
(312) 545-8596
Added: May 5
Changed: Jun 16
Last Checked: Jul 23 at 5:06PM
MLS# 201839826
Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This unique multifamily property offers endless possibilities on Otsego Lake. It features four cottages with a history of both short-term and long-term rentals. The property includes 150 feet of sandy frontage on Otsego Lake and spans 2.4 acres. Two of the cottages were constructed in 2015, while the other two have been renovated. A shared 20x20 garage provides storage space. The property utilizes a private water system and a newer pump-back septic system that was upgraded in 2015. The lot size allows for the addition of more cottages or a larger residence. There is also space for a large outbuilding that could be divided for separate storage. The property, located in Gaylord, MI, offers a great return on investment as-is, with potential for expansion.
Key Highlights
- Multifamily property with 4 cottages and short- and long‑term rental history
- 150' of sandy Otsego Lake frontage on a 2.4‑acre lot
- Two cottages built in 2015; two cottages renovated
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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Hardware & Home Improvement
FAQs
What type of property is this?
Short term rental property - Unique multifamily property on Otsego Lake with rental history.
Where is this short term rental property located?
The property is located at 3551 W Otsego Lake Drive Gaylord, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Multifamily property with 4 cottages and short- and long‑term rental history; 150' of sandy Otsego Lake frontage on a 2.4‑acre lot; Two cottages built in 2015; two cottages renovated
