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Two-Unit Residential Income Duplex
For Sale
$365,000

632 & 642 Sharon St, Gaylord, MI 49735

Duplex on one parcel with two separate residences and a shared well, each with its own septic system.

Property Size1,927 SF
Price / SF$189.41
Days on Market62

Property Features for 632 & 642 Sharon St

General Information

Standard status Active
Size 1,927 SF
Property subtype Multifamily, Other
Zoning R-2

Additional Details

Multifamily Units 2

Building Details

Building Size 1,927 SF
Tenancy Multi
Listing Agency: Graham Real Estate
Listed By: Carolyn Sutherland
Source: Cpix.resimplifi
Added: Jul 6 Changed: Aug 21 Last Checked: Sep 5 at 3:50AM

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 Graham Real Estate

Investment Insights

Based on property information with market context.

This duplex consists of two separate residential units on one parcel. The first residence has 2 bedrooms and 1 bathroom, an open-concept layout, and a spacious 2-car attached garage with additional living space elevated above the garage for natural light and a functional floor plan. The second residence offers 3 bedrooms and 1 bathroom, providing additional space for year-round living or guest use.

The property is located at 632 & 642 Sharon St, Gaylord, just a short walk from Wah Wah Soo Beach on Otsego Lake. At the end of the street, residents have access to a non-conforming dock on Otsego Lake. The location is also near recreational trail access, including the Iron Belle Trail and Trail 7.

Both homes are serviced by a shared well, while each residence maintains its own septic system. There are no known short-term rental restrictions per the seller.

Key Highlights

  • Two separate residential units on one parcel (duplex) with a shared well and each residence having its own septic system
  • Unit 1: 2 bed, 1 bath with an open‑concept layout and a spacious 2‑car attached garage; living space elevated above the garage
  • Unit 2: 3 bed, 1 bath, offering space for year‑round living, guests, or rental use

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Locksmith Furniture & Home Goods Restaurant Veterinary Clinic

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

15
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
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex on one parcel with two separate residences and a shared well, each with its own septic system.
Where is this duplex located?
The property is located at 632 & 642 Sharon St Gaylord, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two separate residential units on one parcel (duplex) with a shared well and each residence having its own septic system; Unit 1: 2 bed, 1 bath with an open‑concept layout and a spacious 2‑car attached garage; living space elevated above the garage; Unit 2: 3 bed, 1 bath, offering space for year‑round living, guests, or rental use
More about this property
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