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120 N Farmer Street, 
Otsego, MI 49078

$375,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Adam Atwood

Five Star Real Estate

269-377-4589

Last updated:

May 19, 2026, 02:59 PM

MLS#

26016147

Source:

MI MICHRIC

Source MLS Verified

About This Home

120 N Farmer Street

Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong, consistent cash flow with a current gross income of $4,030/month and an impressively low expense ratio. A major bonus for investors--city-owned parking means reduced maintenance responsibilities and costs, as the municipality handles parking areas and sidewalks. The property features a versatile unit mix, including two approximately 950 sq ft main-floor commercial suites with excellent street presence, plus three residential units: a well-appointed 1-bedroom/1-bath apartment, a spacious 2-bedroom/1-bath unit, and a studio apartment. All units have seen significant updates, providing a clean, modern feel that attracts and retains quality tenants. Whether you're looking to expand your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own a low-maintenance, passive income generator in a growing downtown market.

Home Facts

Multi-Family

Built in 1870

Price Summary

375,000

MLS #:

26016147

Last Updated:

May 19, 2026, 02:59 PM

Added:

a month ago


Structure

Structure

Year Built:

1870


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$375,000

Source:MI MICHRIC
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.