# 120 N Farmer Street, Otsego, MI 49078

> **TL;DR:** 3bd/0ba residential multi family, $375,000, built 1870. Est. $1,625/mo. Listed 45 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $375,000 |
| Bedrooms | 3 |
| Year Built | 1870 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 45 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,625 |
| **Total** | **$1,625** |

## Property Highlights

- Built in 1870
- 0.07 acre lot
- 10 parking spaces

## Description

### Agent Description
Turnkey investment opportunity in the heart of downtown Otsego! This 5-unit mixed-use building offers strong, consistent cash flow with a current gross income of $4,030/month and an impressively low expense ratio. A major bonus for investors--city-owned parking means reduced maintenance responsibilities and costs, as the municipality handles parking areas and sidewalks. The property features a versatile unit mix, including two approximately 950 sq ft main-floor commercial suites with excellent street presence, plus three residential units: a well-appointed 1-bedroom/1-bath apartment, a spacious 2-bedroom/1-bath unit, and a studio apartment. All units have seen significant updates, providing a clean, modern feel that attracts and retains quality tenants. Whether you're looking to expand your portfolio or secure a stable, income-producing asset, this property checks all the boxes. Fully occupied, professionally positioned, and truly turnkey--this is a rare opportunity to own a low-maintenance, passive income generator in a growing downtown market.

## Location

- **Address:** 120 N Farmer Street, Otsego, MI 49078
- **County:** Allegan
- **Coordinates:** 42.461192, -85.696309
- **Google Maps:** https://www.google.com/maps?q=42.461192,-85.696309

## Listing Agent

- **Name:** Adam Atwood
- **Brokerage:** Five Star Real Estate
- **Phone:** 2693774589
- **Email:** atwoodproperties@gmail.com

## Primary Photo

![120 N Farmer Street - Primary Photo](http://lh.rdcpix.com/b1fbff7715e081d7cfab0f8c9050ee2cl-f1099871233r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/120-n-farmer-street-otsego-mi-49078-26016147)*

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**MLS#:** 26016147 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/120-n-farmer-street-otsego-mi-49078-26016147)

---

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