Lakefront Cottage
For Sale
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3551 W Otsego Lake Dr, Gaylord, MI 49735
Four cottages on sandy Otsego Lake frontage, featuring a shared storage garage and private water and septic systems.
Property Size3,169 SF
Lot Size2.40 Acres
Price / SF$282.42
Days on Market99
Property Features for 3551 W Otsego Lake Dr
General Information
Standard status
Active
Size
3,169 SF
Lot size
2.40 Acres
Property subtype
Multifamily
Amenities
lake frontage
garage
Listing Agency:
Smith Realty Group
Listed By:
Ryan Wojan · License #MI 6506047353
(312) 545-8596
Source:
Crexi
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 28 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smith Realty Group
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Investment Insights
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This multifamily property includes four cottages on Otsego Lake with a history of both short- and long-term rental activity. Two of the cottages were built in 2015, and two have been renovated. A shared 20x20 garage provides storage, and the property is supported by a private water system. The septic system includes a pump-back component that was upgraded in 2015.
The site offers approximately 150 feet of sandy Otsego Lake frontage and about 2.4 acres of land. The lot size provides room to add additional cottages or expand with a larger residence, and there is also space for a large outbuilding that could be used as separate storage.
The property is offered as-is, with layout and infrastructure already in place to support current use while leaving options for future expansion.
The site offers approximately 150 feet of sandy Otsego Lake frontage and about 2.4 acres of land. The lot size provides room to add additional cottages or expand with a larger residence, and there is also space for a large outbuilding that could be used as separate storage.
The property is offered as-is, with layout and infrastructure already in place to support current use while leaving options for future expansion.
Key Highlights
- Four‑cottage multifamily property on Otsego Lake with 150' of sandy lake frontage
- 2.4‑acre lot offers room to add additional cottages or a larger residence
- Two cottages built in 2015; two additional cottages were renovated
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Location Intelligence
Trade Area within ½ mile
7
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four cottages on sandy Otsego Lake frontage, featuring a shared storage garage and private water and septic systems.
Where is this quadplex located?
The property is located at 3551 W Otsego Lake Dr 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: Four‑cottage multifamily property on Otsego Lake with 150' of sandy lake frontage; 2.4‑acre lot offers room to add additional cottages or a larger residence; Two cottages built in 2015; two additional cottages were renovated
