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For sale
  • Price cut: $16K (8/13)
    $349,000

    642 Sharon St, Gaylord, MI 49735

    --beds
    0baths
    1,927sqft
    : 
    $2,241/mo
    Get pre-qualified
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $181/sqft
    $-- HOA

    What's special

    Exceptional investment opportunity just steps from Wah Wah Soo Beach and Otsego Lake! This property features two homes on one parcel. One unit offers 2 bedrooms, 1 bath, and a 2-car attached garage, while the second offers 3 bedrooms and 1 bath. Enjoy access to a non-conforming dock on Otsego Lake at the end of the street. Located near the Iron Belle Trail and Trail 7 snowmobile route, providing year-round recreation. No known short-term rental restrictions make this an excellent opportunity for vacation rentals, long-term income, or multi-generational living. Shared well, separate septic systems. Minutes from downtown Gaylord, golf, skiing, shopping, and dining. Rare Northern Michigan investment opportunity just steps from Wah Wah Soo Beach and beautiful Otsego Lake! Situated on a single parcel, this unique property features two separate residential units, offering incredible flexibility for investors, vacation homeowners, multi-generational living, employee housing, or anyone seeking a property with exceptional income-producing potential. The first residence features 2 bedrooms, 1 bath, and a desirable 2-car attached garage. The second residence offers 3 bedrooms and 1 bath, providing additional living space for tenants, guests, or extended family. Whether you choose to occupy one unit and rent the other, lease both for long-term income, or capitalize on the area's strong vacation rental demand, the possibilities are extensive. Location is the true highlight. Wah Wah Soo Beach, one of Otsego Lake's most popular public access points, is literally just steps away, providing easy access to swimming, boating, fishing, paddleboarding, kayaking, and endless summer enjoyment on one of Northern Michigan's premier all-sports lakes. At the end of the street, owners also enjoy access to a non-conforming dock on Otsego Lake, creating even more opportunities to enjoy the waterfront lifestyle. Outdoor enthusiasts will appreciate the property's proximity to both the Iron Belle Trail and Trail 7. The Iron Belle Trail is Michigan's premier hiking and biking trail network, stretching across the state and offering miles of scenic recreation. Trail 7 serves as one of the region's primary snowmobile corridors, connecting riders to Northern Michigan's extensive trail system and making this a true four-season destination. Adding to the appeal, there are no known short-term rental restrictions, making this property particularly attractive for investors seeking vacation rental income. Combined with Gaylord's thriving tourism industry, abundant golf courses, nearby ski resorts, lakes, trails, and year-round recreational opportunities, the income potential is substantial. Both residences are serviced by a shared well, while each maintains its own septic system. Conveniently located just minutes from downtown Gaylord's shopping, restaurants, entertainment, schools, and healthcare facilities, this property offers the perfect balance of recreation, convenience, and investment potential. Two homes. One parcel. Beach access, lake access, trail access, and unlimited possibilities.
    22 days
    |
    334
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dean Michael Bach 989-889-1566,

    @properties Christie's Int'l RE 231-373-4080

    Source: WWMLS,MLS#: 201840855MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Natural Gas, Forced Air
      Appliances
      • Included: Washer, Refrigerator, Dryer
      • Laundry: Lower Level
      Features
      • Flooring: Tile, Vinyl
      • Doors: Doorwall
      • Has basement: Yes
      Interior area
      • Total structure area: 1,927
      • Total interior livable area: 1,927 sqft

      Property

      Parking
      • Parking features: Garage Door Opener
      • Has garage: Yes
      Features
      • Stories: 2
      Lot
      • Size: 10,400 Square Feet
      • Dimensions: 130 x 80 x 130 x 80
      Details
      • Parcel number: 01169000900900
      • Zoning: R-2

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding

      Utilities & green energy

      • Sewer: Septic Tank

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: T30N R3W
      Location
      • Region: Gaylord

      Financial & listing details

      • Price per square foot: $181/sqft
      • Tax assessed value: $243,400
      • Annual tax amount: $3,256
      • Date on market: 6/16/2026
      • Listing terms: Cash,Conventional Mortgage
      • Ownership: Owner

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,363/mo

        Price history

        DateEventPrice
        8/13/2026Price change$349,000-4.4%$181/sqft
        Source: WWMLS #201840855 Report a problem
        6/29/2026Listed for sale$365,000+204.2%$189/sqft
        Source: Realcomp II #20261048661 Report a problem
        8/13/2021Sold$120,000$62/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,256 +8.1%$121,700 +9.3%
        2024$3,011 +4.7%$111,300 +3.8%
        2023$2,876 +20.4%$107,200 +9.3%
        2022$2,389 -5.8%$98,100 +11.2%
        2021$2,535 -43.8%$88,200 +21%
        2020$4,513 +85.2%$72,900 +20.7%
        2018$2,437 $60,400 -2.6%
        2017-- $62,000 -21.3%
        2016-- $78,800 +22.6%
        2013-- $64,300 +2.9%
        2012-- $62,500 -3.3%
        2011-- $64,600 -2%
        2010-- $65,900
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 49735

        Getting around

        6 / 100
        Car-Dependent
        9 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Gaylord
        • High: Gaylord

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

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