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Investment Opportunity - 5-Unit Multi-Family in Gaylord
Just 200 yards from public access to beautiful Otsego Lake, this well-maintained 5-unit property offers a rare investment opportunity in a desirable location. Each unit is in sound condition with numerous recent updates, making it a truly turnkey asset.
Enjoy steady, long-term tenant occupancy and reliable monthly income with potential for future growth. Whether you're expanding your portfolio or seeking a high-demand rental near one of Michigan's premier lakes, this property is a solid performer.
Showings available Friday or Saturday only with 48-hour notice. Pre-approved buyers only. Cash or business loan financing required.
Sold for $475,000
$475,000
669 Modesto St, Gaylord, MI 49735
6beds
6baths
--sqft
Multi Family
Built in ----
-- sqft lot
$471,800 Zestimate®
$--/sqft
$1,267 Estimated rent
Home value
$471,800
$396,000 - $552,000
$1,267/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 18, 2025 at 04:27am
Listed by:
Todd Dunckley 248-421-6103,
Berkshire Hathaway Home Services-Kee Realty
Source: WWMLS,MLS#: 201834593
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Natural Gas, Forced Air
Appliances
- Laundry: None
Property
Lot
- Size: 0.35 Acres
- Dimensions: 175 x 88 x 175 x 88
Details
- Parcel number: 01169000802100
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Multi Family
Materials
- Stone, Stucco, Vinyl Siding
Utilities & green energy
- Sewer: Septic Tank, Shared Septic
Community & neighborhood
Location
- Region: Gaylord
- Subdivision: Pleasant View
Other
Other facts
- Listing terms: Cash,Other
- Ownership type: LLC
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $475,000-5% |
Source:  WWMLS #201834593 Report a problem | ||
| 6/15/2025 | Contingent | $499,900 |
Source: WWMLS #201834593 Report a problem | ||
| 5/15/2025 | Listed for sale | $499,900 |
Source: WWMLS #201834593 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,386 +7.5% | $255,300 +9.6% |
| 2024 | $5,011 +4.7% | $233,000 +4.5% |
| 2023 | $4,784 +1.8% | $222,900 +9.5% |
Find assessor info on the county website
Neighborhood: 49735
Nearby schools
GreatSchools rating
- 7/10Gaylord Intermediate SchoolGrades: 4-6Distance: 4.7 mi
- 6/10Gaylord Middle SchoolGrades: 7-8Distance: 4.6 mi
- 7/10Gaylord High School/Voc. Bldg.Grades: 9-12Distance: 6.4 mi
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.
Get pre-qualified for a loan
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