3551 W Otsego Lake Drive, Gaylord, MI 49735

Gaylord
Local realty services provided by:ERA Greater North Properties
3551 W Otsego Lake Drive,Gaylord, MI 49735
$895,000
  • - Beds
  • - Baths
  • 3,169 sq. ft.
  • Multi-family
  • Active
Listed by: ryan wojan, michael rosen
Office: smith realty group
MLS#:201839826
Source:MI_WWBR

Price summary

  • Price:$895,000
  • Price per sq. ft.:$282.42

About this home

Endless possibilities for this unique, multifamily property on Otsego Lake! 4 cottages with excellent short- and long-term rental history, 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.

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Home facts

  • Subdivision & Development:T30N R3W
  • Listing ID #:201839826
  • Added:100 day(s) ago
  • Updated:August 11, 2026 at 02:55 PM

Rooms and interior

  • Living area:3,169 sq. ft.

Heating and cooling

  • Heating:Forced Air, Heating, Natural Gas

Structure and exterior

  • Building area:3,169 sq. ft.
  • Architectural Style:Cottage

Finances and disclosures

  • Price:$895,000
  • Price per sq. ft.:$282.42

Features and amenities

  • Amenities:Cable, Ceiling Fans, Doorwall, Vaulted Ceilings

Parking

  • Garage:Yes
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