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For sale
  • $185,900

    351 W Main St, Vanderbilt, MI 49795

    5beds
    2,000sqft
    : 
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    Multi Family
    Built in 1986
    -- sqft lot
    $181,500 Zestimate®
    $93/sqft
    $-- HOA

    What's special

    Two solar ventsUpdated flooringPicnic tableRefinished wallsRebuilt exterior wall sectionNewer roofMultiple storage buildings
    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.
    15 days
    |
    450
    |
    23
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Troy Schearer 989-708-2430,

    JPAR - Great Lakes Bay Region 989-349-3039

    Source: MiRealSource,MLS#: 50209253MLS LogoOriginating MLS: Saginaw Board of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Wall Furnace
      Cooling
      • Ceiling Fan(s), Wall/Window Unit(s)
      Appliances
      • Included: Range/Oven, Refrigerator, Washer, Gas Water Heater
      • Laundry: Common Area
      Features
      • Basement: Block
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 2,000
      • Total interior livable area: 2,000 sqft

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Porch
      Lot
      • Size: 8,276 Square Feet
      • Dimensions: 8276
      Details
      • Parcel number: 04510000019700
      • Special conditions: Private

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Siding
      • Foundation: Basement
      Condition
      • Year built: 1986

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Gas: Natural Gas
      • Sewer: Septic Tank
      • Water: Private Well
      • Utilities for property: Cable/Internet Avail., Cable Available, Sewer Available

      Community & HOA

      Community
      • Subdivision: Berrys Add To Village Of Vanderbilt
      Location
      • Region: Vanderbilt

      Financial & listing details

      • Price per square foot: $93/sqft
      • Tax assessed value: $105,400
      • Annual tax amount: $2,493
      • Date on market: 5/28/2026
      • Cumulative days on market: 16 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Lease term: Month To Month
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        Estimated market value

        $181,500

        $172,000 - $191,000

        $1,079/mo

        Price history

        DateEventPrice
        5/28/2026Listed for sale$185,900+9.4%$93/sqft
        Source: MiRealSource #50209253 Report a problem
        12/11/2023Listing removed--
        Source: Northern Michigan MLS #472428 Report a problem
        11/2/2023Price change$169,900-22.4%$85/sqft
        Source: Northern Michigan MLS #472409 Report a problem
        10/23/2023Price change$219,000-4.4%$110/sqft
        Source: Northern Michigan MLS #472428 Report a problem
        10/6/2023Listed for sale$229,000+14.6%$115/sqft
        Source: Northern Michigan MLS #472409 Report a problem
        8/20/2023Listing removed--
        Source: Northern Michigan MLS #471938 Report a problem
        8/15/2023Listed for sale$199,900+104%$100/sqft
        Source: Northern Michigan MLS #471938 Report a problem
        11/10/2022Sold$98,000-1.9%$49/sqft
        Source: WWMLS #201820989 Report a problem
        9/20/2022Price change$99,900-23.1%$50/sqft
        Source: WWMLS #201820989 Report a problem
        9/6/2022Listed for sale$129,900+899.2%$65/sqft
        Source: WWMLS #201820989 Report a problem
        12/26/2013Sold$13,000$7/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,996 +4.8%$52,700 +1%
        2024$1,905 +49.4%$52,200 +5.9%
        2023$1,275 -0.7%$49,300 +13.1%
        2022$1,284 -0.4%$43,600 +30.9%
        2021$1,290 -28.8%$33,300 +7.1%
        2020$1,812 +80.7%$31,100 +22.4%
        2018$1,003 $25,400 +0.8%
        2017-- $25,200 -0.4%
        2016-- $25,300 +1.6%
        2013-- $24,900 -1.6%
        2012-- $25,300 -1.6%
        2011-- $25,700 -4.5%
        2010-- $26,900

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 49795

          Getting around

          23 / 100
          Car-Dependent
          61 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Vanderbilt Area Schools

          Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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