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.
For sale
$185,900
351 W Main St, Vanderbilt, MI 49795
5beds
2,000sqft
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
- 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#: 50209253
Originating 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
Estimated market value
$181,500
$172,000 - $191,000
$1,079/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/28/2026 | Listed for sale | $185,900+9.4%$93/sqft |
Source: | ||
| 12/11/2023 | Listing removed | -- |
Source: | ||
| 11/2/2023 | Price change | $169,900-22.4%$85/sqft |
Source: | ||
| 10/23/2023 | Price change | $219,000-4.4%$110/sqft |
Source: | ||
| 10/6/2023 | Listed for sale | $229,000+14.6%$115/sqft |
Source: | ||
| 8/20/2023 | Listing removed | -- |
Source: | ||
| 8/15/2023 | Listed for sale | $199,900+104%$100/sqft |
Source: | ||
| 11/10/2022 | Sold | $98,000-1.9%$49/sqft |
Source: | ||
| 9/20/2022 | Price change | $99,900-23.1%$50/sqft |
Source: | ||
| 9/6/2022 | Listed for sale | $129,900+899.2%$65/sqft |
Source: | ||
| 12/26/2013 | Sold | $13,000$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $26,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 49795
Nearby schools
GreatSchools rating
- 7/10Vanderbilt Area SchoolGrades: K-12Distance: 0.6 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Otsego County
- Vanderbilt
- 49795
- 351 W Main St








