Great investment opportunity in the heart of downtown Vanderbilt! This multi-unit property features three established rental units with a fourth unit ready to be finished--offering immediate income with added value potential.
The building includes a spacious 3 bed/2 bath unit, a 2 bed/1 bath unit, and a 1 bed/1 bath unit, all currently rented. The fourth unit is framed and ready for completion, with flexibility to design as a 2 or 3 bedroom, 1 bath layout.
Situated on a generous lot with ample parking, this property is within walking distance to everything in the village and offers quick access to I-75--making it attractive to both tenants and commuters. This property delivers location, income, and opportunity.
Contingent
$280,000
566 E Main St, Vanderbilt, MI 49795
9beds
5baths
--sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Ample parking
- 87 days |
- 6 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
TEAM SHERI 989-858-6622,
COLDWELL BANKER SCHMIDT GAYLORD 989-732-6777
Source: WWMLS,MLS#: 201839170
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Heating
- Electric, Baseboard
Appliances
- Included: Refrigerator
- Laundry: Other
Features
- Has basement: Yes
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Size: 0.32 Acres
- Dimensions: 0.32
Details
- Parcel number: 04513000500100 / 04513000501601
- Zoning: 401
- Special conditions: Listing Status; Active w/ Contingencies
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Utilities & green energy
- Sewer: Shared Septic
Community & HOA
Community
- Subdivision: Robinson Addition Vanderb
Location
- Region: Vanderbilt
Financial & listing details
- Tax assessed value: $206,800
- Annual tax amount: $670
- Date on market: 3/30/2026
- Listing terms: Cash,Conventional Mortgage
- Ownership: Owner
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,077/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Contingent | $280,000 |
Source: | ||
| 3/30/2026 | Listed for sale | $280,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $670 -65.5% | $103,400 +1% |
| 2024 | $1,940 +4.1% | $102,400 +6.3% |
| 2023 | $1,864 -23.9% | $96,300 +15.9% |
| 2022 | $2,449 -0.4% | $83,100 +32.5% |
| 2021 | $2,460 +238.7% | $62,700 +5.7% |
| 2020 | $726 +4% | $59,300 +26.7% |
| 2018 | $698 | $46,800 -0.2% |
| 2017 | -- | $46,900 -0.2% |
| 2016 | -- | $47,000 +3.5% |
| 2013 | -- | $45,400 -1.1% |
| 2012 | -- | $45,900 -1.7% |
| 2011 | -- | $46,700 -4.3% |
| 2010 | -- | $48,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 0.4 mi
Schools provided by the listing agent
- Elementary: Vanderbilt
- High: Vanderbilt
Source: WWMLS. 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
- 566 E Main St


