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    Otsego, MI Multifamily Properties for Sale

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    Plainwell, MI Allegan, MI Kalamazoo, MI
    6 listings
    Duplex with Privacy-Fenced Yard
    $279,900
    0.30 Acres
    Duplex with Privacy-Fenced Yard

    224 Charles Street, Otsego, MI 49078

    Duplex in Otsego offering two rental-ready layouts with recent exterior and mechanical updates.
    • 1,648 sq. ft. home with 3 bedrooms plus 2 additional rooms for an at‑home office (224 1/2).
    • Recent updates at 224 1/2 include roof, windows, siding, furnace, and A/C.
    • Front unit features 2 bedrooms, a large living room, and a kitchen with appliances included.
    • Central air and forced‑air heating, plus cable available.
    • Privacy‑fenced outdoor area with access through a slider to shaded, mature trees.
    Updated: May 8
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    Downtown Otsego Mixed-Use Investment
    $375,000
    0.07 Acres
    Downtown Otsego Mixed-Use Investment

    120 N Farmer Street, Otsego, MI 49078

    Turnkey 5-unit building with strong income in downtown Otsego.
    • Turnkey investment property with strong, consistent cash flow ($4,030/month gross income) and low expense ratio.
    • Prime downtown Otsego location with two commercial suites offering excellent street presence.
    • Low‑maintenance due to city‑owned parking, reducing owner responsibilities and costs.
    • Versatile unit mix: two commercial suites, a 1‑bedroom, a 2‑bedroom, and a studio apartment.
    • All units have been significantly updated, providing a clean, modern feel.
    Updated: Apr 17
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    Turnkey Restaurant in Historic Building
    $498,000
    3,420 SF
    Turnkey Restaurant in Historic Building

    Fully equipped restaurant with apartment in renovated historic building.

    113 N Farmer Street, Otsego, MI 49078

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    Duplex with Updated Units
    $279,900
    1,648 SF
    Duplex with Updated Units

    Duplex with recent exterior and mechanical updates, plus in-unit laundry and flexible bedroom/office space.

    224 Charles Street, Otsego, MI 49078

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    Updated Duplex in Otsego
    $214,900
    Updated Duplex in Otsego

    Updated duplex, ideal for owner-occupancy or investment.

    241 Helen Ave, Otsego, MI 49078

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    Otsego Mixed-Use Investment Opportunity
    $375,000
    3,944 SF
    Otsego Mixed-Use Investment Opportunity

    Turnkey 5-unit mixed-use building in downtown Otsego.

    120 N Farmer Street, Otsego, MI 49078

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    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Otsego, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Retail Building with Apartment
    $199,500
    2,192 SF
    Retail Building with Apartment

    Retail space with apartment in downtown Plainwell.

    111 N Main Street, Plainwell, MI 49080

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    Kalamazoo Duplex on 1.42 Acres
    $285,000
    2,220 SF
    Kalamazoo Duplex on 1.42 Acres

    Income-generating duplex on a large lot near Kalamazoo amenities.

    8131-8133 Ravine Rd, AlamoTownship_, Kalamazoo, MI 49009

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    Well-Maintained Duplex in Kalamazoo
    $359,900
    1.48 Acres
    Well-Maintained Duplex in Kalamazoo

    Updated duplex with long-term tenants, close to amenities.

    152 W D Ave, Kalamazoo, MI 49009

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    Plainwell Multifamily Development Opportunity
    $91,000
    3.04 Acres
    Plainwell Multifamily Development Opportunity

    3+/- acre site zoned for multifamily residential development.

    355 12th Street, Plainwell, MI 49080

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres
    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877

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    Recreational Land in Gated Community
    $44,000
    0.75 Acres
    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622

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    Land For Sale
    $67,999
    Land For Sale

    Land available in Mason County.

    4993 E Wetland Trail, Custer, MI 49405

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    University Park Developable Land
    Contact for pricing
    3.20 Acres
    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484

    View details

    Otsego, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 6 multifamily properties for sale in Otsego, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 9,012 square feet of properties for sale, with an estimated market value of $1,152,900.

    Sale prices for multifamily properties in Otsego, MI start at $279,900, averaging $384,300, and reaching up to $498,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 4

    Demographics Overview

    Population 10K
    Population Growth (5Y) +13.4%
    Median Household Income $77,517
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Otsego submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49078 $352.6K

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $79.14 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegan County

    Retail

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