Well-maintained Duplex in the heart of Otsego- Move In Ready! Pride of ownership shines through in this beautifully cared for 2-unit duplex, just a short walk to downtown Otsego and an easy commute to both Kalamazoo and Grand Rapids. The current owner has thoughtfully updated and maintained the property, ensuring peace of mind for years to come with a new roof, waterproofed basement, updated fencing, modern appliances, refreshed flooring, and improved utilities. Each spacious unit offers: 2-3 bedrooms, 1 full bath, large living room and open kitchen with eating area, laundry hookups, and separate utilities for convenience. The lower unit is ideal for an owner-occupant who wants to enjoy the benefits of homeownership while generating income from the upper rental unit. Investors will also appreciate the property's turn key condition and desirable location, making it a perfect addition to any rental portfolio. Don't miss out this opportunity!
Sold
$242,500
249 W Franklin St, Otsego, MI 49078
5beds
2baths
2,401sqft
2 to 4 Units
Built in 1880
-- sqft lot
$268,300 Zestimate®
$101/sqft
$1,413 Estimated rent
Home value
$268,300
$244,000 - $292,000
$1,413/mo
Zestimate® history
Owner options
List your home for rent
$1,413/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,413/mo
Rent Zestimate®
Refinance and save
$1,598/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,598/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Modern appliancesWaterproofed basementSeparate utilitiesImproved utilitiesUpdated fencingNew roofLaundry hookups
Zillow last checked:
Listing updated:
Listed by:
Marissa Barr MTP Group 517-781-7802,
Real Broker LLC
Bought with:
Amy L Hamilton, 6501343755
Jaqua, REALTORS
Source: MichRIC,MLS#: 25043034
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air, Window Unit(s)
Appliances
- Laundry: Gas Dryer Hookup, Lower Level, Upper Level
Features
- Basement: Full,Walk-Out Access
Interior area
- Total interior livable area: 2,401 sqft
Property
Parking
- Total spaces: 4
- Parking features: Unpaved
Lot
- Size: 8,276 Square Feet
- Dimensions: 66 x 125
- Features: Level, Sidewalk
Details
- Parcel number: 5420905100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Community
- Subdivision: Burlinghams Add
Location
- Region: Otsego
Financial & listing details
- Price per square foot: $101/sqft
- Tax assessed value: $64,906
- Annual tax amount: $3,405
- Date on market: 8/22/2025
- Listing terms: VA Loan,FHA,Cash,Conventional
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $242,500-3%$101/sqft |
Source:  MichRIC #25043034 Report a problem | ||
| 8/24/2025 | Pending sale | $249,900$104/sqft |
Source: MichRIC #25043034 Report a problem | ||
| 8/22/2025 | Listed for sale | $249,900+75.4%$104/sqft |
Source: MichRIC #25043034 Report a problem | ||
| 1/13/2018 | Sold | $142,500$59/sqft |
Source: Public Record Report a problem | ||
| 11/21/2017 | Pending sale | $142,500$59/sqft |
Source: Allegan, MI #17049472 Report a problem | ||
| 9/30/2017 | Listed for sale | $142,500+7.1%$59/sqft |
Source: Berkshire Hathaway HomeServices MI #17049472 Report a problem | ||
| 1/12/2015 | Sold | $133,000$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,405 +4.4% | $98,300 +11.7% |
| 2024 | $3,261 | $88,000 +13.3% |
| 2023 | -- | $77,700 +17% |
| 2022 | -- | $66,400 +6.4% |
| 2021 | -- | $62,400 -0.8% |
| 2020 | -- | $62,900 +17.6% |
| 2019 | $2,799 +27.6% | $53,500 +3.9% |
| 2018 | $2,195 | $51,500 +18.4% |
| 2017 | -- | $43,500 +7.4% |
| 2016 | -- | $40,500 |
| 2015 | -- | $40,500 +9.2% |
| 2014 | $1,439 | $37,100 +4.8% |
| 2013 | $1,439 | $35,400 -3.8% |
| 2012 | -- | $36,800 -7.3% |
| 2011 | -- | $39,700 -5% |
| 2010 | -- | $41,800 -7.1% |
| 2009 | -- | $45,000 -17.4% |
| 2008 | -- | $54,500 |
| 2007 | -- | $54,500 +1.3% |
| 2006 | -- | $53,800 +1.5% |
| 2005 | -- | $53,000 +1.3% |
| 2004 | -- | $52,300 +3% |
| 2003 | -- | $50,800 +2.2% |
| 2002 | -- | $49,700 +36.2% |
| 2001 | -- | $36,500 |
Find assessor info on the county website
Neighborhood: 49078
Nearby homes
- $230,0004 bd2 ba1.4k sqft239 W Franklin St, Otsego, MI 49078Off Market
- $118,4003 bd1 ba927 sqft253 W Franklin St, Otsego, MI 49078Off Market
- $210,1003 bd2 ba1.1k sqft311 S North St, Otsego, MI 49078Off Market
- $153,3002 bd1 ba820 sqft235 W Franklin St, Otsego, MI 49078Off Market
- $214,1002 bd2 ba1.1k sqft317 S North St, Otsego, MI 49078Off Market
- $195,0003 bd1 ba1.3k sqft303 W Franklin St, Otsego, MI 49078Sold
- $247,4003 bd2 ba1.8k sqft238 W Morrell St, Otsego, MI 49078Off Market
- $295,2003 bd3 ba2.8k sqft229 W Franklin St, Otsego, MI 49078Off Market
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: 0.7 mi
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
$268,300
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
$268,300
- Michigan
- Allegan County
- Otsego
- 49078
- 249 W Franklin St
Nearby cities
Nearby zip codes
Other Otsego Topics
