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351 W Main ST, 
Vanderbilt, MI 49795

$185,900


5

Beds


3

Baths


2,000

Sq Ft


Multi-Family

Active

Listed by

Troy Schearer

Jpar - Great Lakes Bay Region

989-349-3039

Last updated:

June 4, 2026, 10:08 AM

MLS#

61050209253

Source:

MI REALCOMP

About This Home

351 W Main ST

Multi-unit investment opportunity in Vanderbilt, just minutes from Gaylord and nearby hospital access. This property offers flexible rental potential with three units and is well-positioned for furnished mid-term rental use, including traveling nurses and short-term tenants. Seller reports strong demand through Furnished Finder and is currently transitioning the property toward fully furnished rentals. One unit is currently occupied at $1,600/month, while the other units are expected to be vacant. Seller projects higher rental potential during the summer season when operated as furnished units. Recent improvements include a newer roof, rebuilt exterior wall section, updated flooring, refinished walls, insulated roof work, recessed lighting, and two solar vents added to help with prior ice dam concerns. The property includes a well, brand-new septic system, multiple storage buildings, a 12x10 outbuilding with loft, furnishings, rugs, décor, picnic table, firepit, lawnmower, and additional materials the seller may leave with the sale. Exterior cleanup and finishing touches are still needed, but much of the setup is already in place for someone looking to operate furnished rentals in a resort-area market.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1986

Price Summary

185,900

$92 per Sq. Ft.

MLS #:

61050209253

Last Updated:

June 4, 2026, 10:08 AM

Added:

8 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,000 Sq. Ft.


Structure

Structure

Year Built:

1986


Lot

Lot Size (Sq. Ft):

8,276


Finances & Disclosures

Finances

Price:

$185,900

Price per Sq. Ft:

$92 per Sq. Ft.

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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.