NOT LISTED FOR SALE

4880 Main St Onekama, MI 49675

Estimated Value: $382,864

-- Bed
-- Bath
-- Sq Ft
0.51 Acres

Last Sold August 20, 2021

Last sale price $304,000

Est. 26% increase in value since last sale

Current estimated payment $2,387/month

9 Days on Market

About This Home

As of August 2021

Beautifully Renovated Historic 5-Plex in the Heart of Onekama. This is a rare opportunity to own a completely rebuilt, turn-of-the-century landmark right in the heart of downtown Onekama. The historic Onekama Hotel was rebuilt from the foundation in 2023 with all-new plumbing, electrical, HVAC, insulation, drywall, windows, roof, porches, and decks. Each unit has its own heating and cooling, on-demand hot water, and the building features a water softening system. All five units are fully furnished with high-quality pieces from West Elm and Pottery Barn, and the property is being sold fully furnished. Suite #1 is a spacious two-bedroom, two-bathroom unit that would be ideal for an on-site owner or private getaway. The remaining four units are one-bedroom, one-bathroom All five are currently operating as successful short-term rentals. Located just one block from Portage Lake and steps from the public park and beach, this walkable location is surrounded by everything Onekama has to offeran ice cream shop, coffee shop, restaurants, and boutique shopping. A couple of the second-story decks even offer views of the lake. Love the outdoors? Whether it's hiking, fishing, biking, or boating, there's something here for everyone. Boaters will appreciate the four marinas on Portage Lake and the direct channel to Lake Michigan, making this a true boater's and fisherman's paradise. Golfers will love being just minutes from Arcadia Bluffs and other top-rated golf courses located north along scenic M-22. And for entertainment, Little River Casino is just a quick seven-minute drive away. Whether you're an investor, a vacation property buyer, or someone looking to live in a vibrant lakeside town, this fully renovated, income-generating property checks every box.

Last Agent to Sell the Property

Charles Smith

RE/MAX Bayshore Manistee License #6502348024 Listed on: 07/23/2021

RE/MAX Bayshore Manistee

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,310

Year Built

  • Built in 1900

Lot Details

  • 0.51

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Well
  • Cable TV Available

Additional Features

  • Crawl Space
  • 0.51 Acre Lot

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,310

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 329000.0
  • Number of Buildings: 2
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Sewer, Broadband
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Sq Ft: 22216.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 3310.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Aug 20, 2021
Sold by
Hartrich Nelson
Bought by
Onekama 4 Plex Llc
Seller's Agent
Charles Smith
RE/MAX Bayshore Manistee
Buyer's Agent
Out of Area Agent
Out of Area Office
List Price
$329,000
Sold Price
$304,000
Premium/Discount to List
-$25,000
-7.6%
Current Estimated Value
$382,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,864
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Onekama 4 Plex Llc $125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 For Sale $1,375,000 +352.3% --
08/20/2021 08/20/21 Sold $304,000 -7.6% --
07/23/2021 07/23/21 For Sale $329,000 -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,075 $308,100 $0 $0
2024 $13,632 $291,900 $0 $0
2023 $20,969 $448,100 $0 $0
2022 $7,493 $138,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21095340

MichRIC

APN: 41-050-019-05