Don't miss out on this rare opportunity to own a duplex in Otsego schools! Both units are spacious 1 bed, 1 bath units. Current owner has kept the rent low for long term tenants and is currently renting below market rate. New roof in 2020. New furnace in 2024. Sewer line replaced in 2018 and new electrical panels in 2020. Both gas and electric are split, however owner provides gas due a single furnance and water heater. Tenants pay electic and trash. The exterior of the home will need new windows and siding. Call today. Limited showing times for tenants convienence. First showing opportunity is Sat. May 31st from 10am - noon.
Sold
$156,400
244 W Franklin St, Otsego, MI 49078
2beds
2baths
1,652sqft
2 to 4 Units
Built in 1860
-- sqft lot
$185,200 Zestimate®
$95/sqft
$1,460 Estimated rent
Home value
$185,200
$157,000 - $211,000
$1,460/mo
Zestimate® history
Owner options
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$1,460/mo
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$1,460/mo
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$1,029/mo
Est. payment
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$1,029/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Matthew C Kepley 616-308-7006,
Five Star Real Estate (Ada)
Bought with:
Tom Parker, 6501226166
Betten Real Estate
Source: MichRIC,MLS#: 25024207
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: None
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 1,652 sqft
Property
Parking
- Total spaces: 2
- Parking features: Unpaved
Lot
- Size: 0.27 Acres
- Dimensions: 66 x 175
Details
- Parcel number: 5420804700
- Zoning description: R-B
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Other
- Roof: Composition
Condition
- New construction: No
- Year built: 1860
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Otsego
Financial & listing details
- Price per square foot: $95/sqft
- Tax assessed value: $34,277
- Annual tax amount: $2,202
- Date on market: 5/26/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2025 | Sold | $156,400+4.3%$95/sqft |
Source:  MichRIC #25024207 Report a problem | ||
| 6/5/2025 | Pending sale | $149,900$91/sqft |
Source: MichRIC #25024207 Report a problem | ||
| 5/26/2025 | Listed for sale | $149,900+131%$91/sqft |
Source: MichRIC #25024207 Report a problem | ||
| 9/19/2015 | Listing removed | $64,900$39/sqft |
Source: Kalamazoo - Oakland #15011089 Report a problem | ||
| 3/18/2015 | Listed for sale | $64,900+85.4%$39/sqft |
Source: Berkshire Hathaway HomeServices Michigan Real Estate #15011089 Report a problem | ||
| 10/18/2012 | Sold | $35,000-36.2%$21/sqft |
Source: Public Record Report a problem | ||
| 10/14/2010 | Listed for sale | $54,900$33/sqft |
Source: Prudential Real Estate #10049595 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,202 +4.6% | $73,200 +15.3% |
| 2024 | $2,106 | $63,500 +16.9% |
| 2023 | -- | $54,300 +12% |
| 2022 | -- | $48,500 +7.8% |
| 2021 | -- | $45,000 +0.9% |
| 2020 | -- | $44,600 +17.7% |
| 2019 | $1,822 +2.2% | $37,900 +9.2% |
| 2018 | $1,783 | $34,700 +15.3% |
| 2017 | -- | $30,100 +8.7% |
| 2016 | -- | $27,700 |
| 2015 | -- | $27,700 +2.2% |
| 2014 | $2,405 | $27,100 -18.6% |
| 2013 | $2,405 | $33,300 -4.3% |
| 2012 | -- | $34,800 -7% |
| 2011 | -- | $37,400 -4.6% |
| 2010 | -- | $39,200 -6.7% |
| 2009 | -- | $42,000 -16.7% |
| 2008 | -- | $50,400 +0.2% |
| 2007 | -- | $50,300 -2.7% |
| 2006 | -- | $51,700 +1.4% |
| 2005 | -- | $51,000 +0.4% |
| 2004 | -- | $50,800 +2.6% |
| 2003 | -- | $49,500 +0.8% |
| 2002 | -- | $49,100 +7.2% |
| 2001 | -- | $45,800 |
Find assessor info on the county website
Neighborhood: 49078
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Nearby schools
GreatSchools rating
- 6/10Washington Street Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Otsego Middle SchoolGrades: 6-8Distance: 0.4 mi
- 8/10Otsego High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$185,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$185,200
- Michigan
- Allegan County
- Otsego
- 49078
- 244 W Franklin St
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