Lake-Front Quadplex with Four
For Sale
$895,000
3551 W Otsego Lake Drive, Gaylord, MI 49735
MULTI_FAMILY - Cottage - Gaylord, MI
Property Size3,169 SF
Lot Size2.40 Acres
Price / SF$282.42
Days on Market94
Property Features for 3551 W Otsego Lake Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RR
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 2
Interior features
Cable, Ceiling Fans, Doorwall, Hardwood Floors, Vaulted Ceilings
Basement
Crawl Space
Appliances
Refrigerator, Electric Range
Subdivision
T30N R3W
Elementary school
Gaylord
High school
Gaylord
Elementary school district
Gaylord
Middle school district
Gaylord
High school district
Gaylord
Directions
From Gaylord, S Otsego Ave, RIGHT on McCoy Rd, LEFT on Dickerson Rd, RIGHT on N Otsego Lake Rd, continue on W Otsego Lake Rd. Property on Left.
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.
Legal Description
S 150' OF N 558' OF GLO LOT 3. SEC 20 T30N R3W.
Utilities
Sewer type
Shared Septic
Heating system
Natural Gas, Forced Air
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: Aug 1
Last Checked: Aug 6 at 12:06AM
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 quadplex-style property features four cottages with a rental history for both short- and long-term stays. Two cottages were built in 2015, and two were renovated. Interior features include hardwood floors, vaulted ceilings, ceiling fans, doorwalls, and cable. Heating is provided by natural gas forced air. Kitchen appliances include a refrigerator and electric range.
The property sits on Otsego Lake with 150' of sandy frontage across 2.4 acres. A shared 20x20 garage provides storage, and the property uses a private water system with a well. Septic service is shared, with a pump-back septic system that was upgraded in 2015.
With the lot size and layout, there is room to add additional cottages or a larger residence. There is also space for a large outbuilding that could be used for separate storage.
The property sits on Otsego Lake with 150' of sandy frontage across 2.4 acres. A shared 20x20 garage provides storage, and the property uses a private water system with a well. Septic service is shared, with a pump-back septic system that was upgraded in 2015.
With the lot size and layout, there is room to add additional cottages or a larger residence. There is also space for a large outbuilding that could be used for separate storage.
Key Highlights
- Four‑cottage quadplex with short- and long‑term rental history
- 150' of sandy Otsego Lake frontage on 2.4 acres
- Two cottages built in 2015; two cottages renovated
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four cottage quadplex on Otsego Lake with private water, shared septic, and RR zoning.
Where is this quadplex 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: Four‑cottage quadplex with short- and long‑term rental history; 150' of sandy Otsego Lake frontage on 2.4 acres; Two cottages built in 2015; two cottages renovated
