Search
Three-Unit Triplex
For Sale
$139,900

108 N Elm Avenue, Gaylord, MI 49735

MultiFamily, Two Story, Gaylord, MI

Property Size2,642 SF
Price / SF$52.95
Days on Market51

Property Features for 108 N Elm Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning C-2
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 2, Basement, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4
Basement Crawl Space, Partial
Appliances Refrigerator
Subdivision Plat Of Marshalls Add City Of Gaylord
Elementary school Gaylord
High school Gaylord
Elementary school district Gaylord
Middle school district Gaylord
High school district Gaylord
Directions East M-32 to N Elm Ave. Property on the right.
Standard status Active
APN 103-270-002-008-00
Size 2,642 SF

Taxes and HOA fees

Tax Description S 1/2 OF LOTS 7 & 8 & 16 FT OFF N END OF LOT1 & W 1/3 OF LOT 2 BLK. 2 PLAT OF MARSHALLSADDITION CITY OF GAYLORD SEC 34 T31N R3W
Legal Description S 1/2 OF LOTS 7 & 8 & 16 FT OFF N END OF LOT1 & W 1/3 OF LOT 2 BLK. 2 PLAT OF MARSHALLSADDITION CITY OF GAYLORD SEC 34 T31N R3W

Utilities

Sewer type Public Sewer
Heating system Natural Gas

Building Details

Floors in Building 2
Number of units 3
Building materials Vinyl
Architectural style Other
Listing Agency: smith realty GROUP
Listed By: Ryan Wojan · License #6506047353
Added: Jul 9 Changed: Aug 19 Last Checked: Aug 28 at 5:06AM
MLS# 201841366

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 three-unit triplex offers a compact, investment-friendly residential income setup on a C-2 zoned site. The property includes vinyl construction and natural gas heating, with public sewer service available. An on-board refrigerator is listed among the appliances.

Interior layout features a basement and a room mix that includes six bedrooms and three bathrooms, with Bedroom 1 through Bedroom 6 and Bathroom 1 through Bathroom 3 reflected in the room list.

At 2,642 square feet, the building provides a straightforward configuration for buyers evaluating a small multi-family asset within a downtown Gaylord setting.

Key Highlights

  • C‑2 zoned three‑unit triplex
  • 2,642 SF triplex building
  • Vinyl construction

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith HVAC Service Butcher Acupuncture Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

898
Businesses Nearby

Demographics for 49735, MI

20,568
Population
11,551
Households
1.8
Avg Household Size
44
Median Age
27%
College-Educated
94%
High-School Grad
248.6 sq mi
ZIP Area
83
Density / Sq Mi
$69,050
Median Household Income
$39,813
Median Earnings
$876
Median Rent
$200,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Triplex - C-2 zoned three-unit triplex with vinyl construction, natural gas heating, and public sewer service.
Where is this triplex located?
The property is located at 108 N Elm Avenue Gaylord, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: C‑2 zoned three‑unit triplex; 2,642 SF triplex building; Vinyl construction
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message