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    8195 5Th St Onekama, MI 49675

    For Sale
    $749,000

    MULTI_FAMILY - Onekama, MI

    Lot size:
    0.89 Acres
    Days on Market:
    29
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 8195 5Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Laundry Room
    Bedrooms
    5
    APN
    514110005500
    Parking
    4
    Parking features
    Driveway
    Basement
    Partial
    Lot size
    0.89 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Baseboard, Radiant
    Cooling system
    Window Unit(s)
    Water source
    Private, Well

    Building Details

    Year built
    1880
    Number of units
    11
    Building materials
    Vinyl Siding

    Keller Williams Northern Michigan (231) 947-8200

    Listing agent Christina Roberts

    Listing date Nov 8, 2025

    MLS# 25057440 Listing URL

    Copyright © 2025 Montcalm County Association 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.

    Overview

    Victorian Home in Onekama

    This Victorian home, built in 1880, is located in Onekama and features original wood trim and high ceilings. The property, set on nearly an acre, has been updated with new siding, roof, deck, and doors; new windows are on order. Currently used as a bed and breakfast, the home is being sold fully furnished. It includes 5 bedrooms, 3 baths, and nearly 2,900 square feet of living space. A self-contained 1-bed, 1-bath apartment provides flexibility for a caretaker, guest suite, or rental opportunity. The backyard includes an in-ground pool, and the 2-car garage houses a dry sauna. The porch offers views of Portage Lake. The property is walkable to the public beach and village shops, and a short drive to the Lake Michigan shoreline and Arcadia Dunes. It is suitable for use as a B&B or a family retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Kitchen & Bath Bar & Pub HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Onekama
    County
    Manistee
    State
    Michigan
    Longitude
    -86.19682
    Latitude
    44.363012

    Nearby Similar for Sale

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      0.21 Acres

      Renovated Triplex on Portage Lake

      Rare investment opportunity with three units on scenic M-22.
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    • $749,000
      2,056 SF

      Victorian Bed & Breakfast Near Lake

      Charming Victorian home with modern updates, near Portage Lake.
      8195 5Th St, Onekama, MI 49675
      View Details
    • $390,000
      800 SF

      Onekama Commercial Space with Residence

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    FAQs

    What type of property is this?
    Bed & breakfast - Charming, updated Victorian near Portage Lake, ideal for B&B.
    Where is this bed & breakfast located?
    The property is located at 8195 5Th St Onekama, MI.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Updated Victorian built in 1880 with new siding, roof, deck, and doors.; - Includes a self-contained 1-bed, 1-bath apartment.; - Currently operating as a fully furnished 5-bedroom, 3-bath bed and breakfast.
    (231) 675-3179
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8195 5Th St Onekama, MI 49675
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