Investor/DIY opportunity! This older home has the potential to be finished out as three separate rental units. Currently, two units are leased with secured rental income of $1,250 per month ($15,000 annually). The third unit is vacant and ready for renovation - ideal for a live-in landlord or to increase total income potential once rented. Great addition to your existing, or perhaps the first of your real estate empire. The property is being sold as-is and does require substantial updates, but with immediate income already in place, it's a great entry-level investment. Fully finished, the property has the potential to generate significantly higher returns.
Live Free, Rent 2! FSU Student/Parent Income property opportunity. Priced to move - don't delay! Bring your best and final offer.
Sold for $95,000
$95,000
705 Osceola Ave, Big Rapids, MI 49307
3beds
3baths
--sqft
MultiFamily
Built in 1910
-- sqft lot
$189,400 Zestimate®
$--/sqft
$1,333 Estimated rent
Home value
$189,400
$165,000 - $212,000
$1,333/mo
Zestimate® history
Owner options
List your home for rent
$1,333/mo
Rent Zestimate®
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$1,333/mo
Rent Zestimate®
Refinance and save
$481/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$481/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Robert Perialas 517-331-6828,
The Local Element
Bought with:
Robert Perialas, 6501347913
The Local Element
Source: Greater Lansing AOR,MLS#: 290684
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: In Bathroom
Features
- Flooring: Carpet, Vinyl
- Basement: Michigan
- Has fireplace: No
Interior area
- Finished area above ground: 1,676
Property
Parking
- Total spaces: 5
- Parking features: Asphalt, Driveway, Garage, Garage Faces Side, On Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two,Multi/Split
- Stories: 2
Lot
- Size: 10,018 Square Feet
- Dimensions: 100 x 100
Details
- Parcel number: 541711156014
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi-Story
Materials
- Aluminum Siding
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: High Speed Internet Available, Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Big Rapids
Financial & listing details
- Tax assessed value: $66,200
- Annual tax amount: $3,802
- Date on market: 8/22/2025
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $95,000-20.8% |
Source:  Greater Lansing AOR #290684 Report a problem | ||
| 8/29/2025 | Pending sale | $120,000 |
Source: Greater Lansing AOR #290684 Report a problem | ||
| 8/22/2025 | Listed for sale | $120,000 |
Source: Greater Lansing AOR #290684 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,802 +1432.3% | $66,200 +11.1% |
| 2024 | $248 -86.7% | $59,600 +8.8% |
| 2023 | $1,868 +6.1% | $54,800 +16.6% |
| 2022 | $1,761 | $47,000 +5.6% |
| 2021 | -- | $44,500 +3.7% |
| 2020 | -- | $42,900 +2.1% |
| 2019 | -- | $42,000 +0.2% |
| 2018 | -- | $41,900 +2.4% |
| 2017 | -- | $40,900 +10.8% |
| 2016 | -- | $36,900 +6% |
| 2014 | -- | $34,800 -4.4% |
| 2013 | -- | $36,400 -6.2% |
| 2012 | -- | $38,800 -0.8% |
| 2011 | -- | $39,100 -4.6% |
| 2010 | -- | $41,000 -6.2% |
| 2009 | -- | $43,700 -3.1% |
| 2008 | -- | $45,100 +6.9% |
| 2007 | -- | $42,200 |
| 2006 | -- | $42,200 +10.2% |
| 2005 | -- | $38,300 +6.1% |
| 2004 | -- | $36,100 +4.6% |
| 2003 | -- | $34,500 |
Find assessor info on the county website
Neighborhood: 49307
Nearby homes
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Nearby schools
GreatSchools rating
- 5/10Big Rapids Middle SchoolGrades: 5-8Distance: 0.2 mi
- 6/10Big Rapids High SchoolGrades: 9-12Distance: 2.1 mi
- 8/10Brookside Elementary SchoolGrades: PK-4Distance: 0.8 mi
Schools provided by the listing agent
- High: Big Rapids
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$189,400
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
$189,400
- Michigan
- Mecosta County
- Big Rapids
- 49307
- 705 Osceola Ave
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