$240,000
SOLD JAN 24, 2025

238 W Orleans St Unit 3 Otsego, MI 49078

-- Bed
-- Bath
-- Sq Ft
1890 Built

Recently Sold

7 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Level Lot
  • Window Unit Cooling System

About This Home

As of January 2025

Fantastic opportunity to own this three unit rental in Otsego! Great location about half way between GR and Kzoo. Plenty of shopping, easy commute, dining, and outdoor activities all around. This cash cow would make an excellent owner occupant dwelling or a nice addition to your investment portfolio. Limited showing availabilities so hurry over before your competition swoops in and picks this one up!

Last Agent to Sell the Property

Kris Stott

Key Realty License #6501390088 Listed on: 12/05/2024

Key Realty

Last Buyer's Agent

Tom Parker

Betten Real Estate License #6501226166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 82.5x164x82.5x164
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 8 Parking Spaces
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Shared Gas Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, sewer, gas
  • The owner pays for trash collection, water

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $5,500
  • Operating Expense $8,945
  • Gross Income $25,800
  • Net Operating Income $10,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82.5X164X82.5X164
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3400.0
  • Tax Info:Zoning3: 401
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Gravel: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 240000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: None
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available

Lot Info

  • Lot Dimensions: 82.5X164X82.5X164
  • Zoning Description: 401
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Sewer, Gas

Multi Family

  • Gross Income: 25800.0
  • Insurance Expense: 5500.0
  • Net Operating Income: 10300.0
  • Number of Units Total: 3
  • Operating Expense: 8945.0

Tax Info

  • Tax Annual Amount: 3400.0
  • Tax Year: 2024

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 Price Changed $975 -2.5% $1 / Sq Ft
06/23/2025 06/23/25 For Rent $1,000 0.0% --
01/24/2025 01/24/25 Sold $240,000 0.0% --
12/12/2024 12/12/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $240,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kris Stott

    Key Realty

  • T

    Buyer's Agent in 2025

    Tom Parker

    Betten Real Estate

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24061932

Southwestern Michigan Association of REALTORS®

Michigan Allegan County Otsego 49078

238 W Orleans St Unit 3, Otsego, MI

This home is located at 238 W Orleans St Unit 3, Otsego, MI 49078 and is currently priced at $240,000. This property was built in 1890. 238 W Orleans St Unit 3 is a home located in Allegan County with nearby schools including Otsego High School, Otsego Christian Academy, and St. Margaret School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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