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Two-Duplex Rental Property
For Sale
Under Contract
$725,000

126 & 128 E Mill Street, Gaylord, MI 49735

Commercial Sale, Gaylord, MI

Property Size3,440 SF
Lot Size0.41 Acres
Price / SF$210.76
Days on Market185

Property Features for 126 & 128 E Mill Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C-1
Basement Crawl Space
Subdivision Fillmores & Sanborns Add
Directions I-75 to Gaylord downtown exit. Head east to Center Street. Turn left on Center street. Mill street will be on your right. (Watch for Dollar General is on the left).
Standard status Active Under Contract
APN 103-210-002-004-00
Size 3,440 SF
Lot size 0.41 Acres

Taxes and HOA fees

Tax Description LOTS 4 & 5 BLK 2 FILLMORES & SANBORNS ADDITIONCITY OF GAYLORD SEC 34 T31N R3W
Legal Description LOTS 4 & 5 BLK 2 FILLMORES & SANBORNS ADDITIONCITY OF GAYLORD SEC 34 T31N R3W

Amenities

central air
natural gas
individually metered utilities
lawn sprinkler system

Building Details

Building materials Block
Listing Agency: The TEAM Real Estate Group
Listed By: Connie L Madej
Added: Apr 27 Changed: Oct 16 Last Checked: Oct 28 at 8:06PM
MLS# 201839668

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.

Rey
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Investment Insights

Based on property information with market context.

This 3,440-square-foot property includes two duplex buildings constructed in 2023, providing four residential units. Improvements include central air, natural gas service, individually metered utilities, and a lawn irrigation system. The buildings are constructed with block materials and occupy approximately 0.41 acres.

Three units are being used as Airbnb rentals, with bookings extending for months at a time for job relocations or assignments. The remaining unit is leased on a yearly basis. The property is located at 126 & 128 E Mill Street in Gaylord, Michigan, and carries C-1 zoning.

Key Highlights

  • Two duplexes constructed in 2023
  • 3,440 square feet across four units
  • 0.41‑acre property at 126 & 128 E Mill Street

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

863
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Four-unit configuration with central air, natural gas, and individually metered utilities.
Where is this duplex located?
The property is located at 126 & 128 E Mill Street Gaylord, MI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two duplexes constructed in 2023; 3,440 square feet across four units; 0.41‑acre property at 126 & 128 E Mill Street
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