Spacious Multifamily Investment
109 Cadillac Street, Pontiac, MI 48342
MULTI_FAMILY - Ranch - Pontiac, MI
Type:Single Family Residence
Property size:
4,256 SFLot size:
0.46 AcresPrice / SF:
$140/SF- Added:
- May 7, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 22 at 5:06 pm
Property Features for 109 Cadillac Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- Commercial,Multi-Family
- Bedrooms
- 4
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 5, Bedroom 3, Bathroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 6
- Pets allowed
- Yes
- Interior features
- Laundry Facility
- Standard status
- Active
- APN
- 1420377012
- Size
- 4,256 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Description
- T3N, R10E, SEC 20 FAIRVIEW LOTS 1, 2 & 3 BLK 2
- Tax Annual Amount
- 7870
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1929
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Brick
- Architectural style
- Ranch
Listing agent Parker McInnis (248) 705-0175
Listing office Oak and Stone Real Estate 408 East Street, Rochester, MI (248) 266-0584
Listing date May 7, 2026
MLS# 20261032530
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey investment property with projected gross annual income of $90,000 at full occupancy.
- Six spacious 2‑bedroom, 1‑bath units with private entrances and dedicated basements, offering a townhome‑style feel.
- All six units are separately metered for gas, water, and electric, significantly reducing owner utility expenses.
- Each unit has its own furnace, central air conditioning system, and hot water heater.
- Property is fully approved with the Pontiac Housing Commission for their voucher program.
- Extensive interior updates including fresh paint, new flooring, and light bathroom upgrades.
Overview
Located in Pontiac, MI, the property at 109 Cadillac St is a multifamily investment opportunity. It features six units, each with two bedrooms and one bathroom, and approximately 825 square feet of living space. Each unit has a private entrance and a dedicated basement, creating a townhome-style feel. Each of the six units is separately metered for gas, water, and electric. Each unit also has its own furnace, central air conditioning system, and hot water heater. Interior updates include fresh paint, new flooring, and light bathroom upgrades throughout the units. Each basement includes laundry hookups. The roof is newer. Five of the six units are currently occupied, with one unit intentionally left vacant. At full occupancy, the property offers a projected gross annual income of $90,000 a year. The property is fully approved with the Pontiac Housing Commission for their voucher program. The lot size is 0.46 acres and the property size is 4,256 square feet. The zoning is Commercial and Multi-Family.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.1k | $23.28 |
| − Vacancy | −$4.2k | −$0.98 |
| EGI | $94.9k | $22.30 |
| − OpEx | −$42.7k | −$10.04 |
| NOI | $52.2k | $12.27 |
4,256 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$745.8K
$652.6K – $870.1K
NOI $52,205 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$918.0K
$803.2K – $1.07M
NOI $64,259 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Pontiac
- County
- Oakland
- State
- Michigan
- Longitude
- -83.30213
- Latitude
- 42.650556
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property in Pontiac with individual utilities.
Where is this apartment building located?
The property is located at 109 Cadillac Street Pontiac, MI.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Turnkey investment property with projected gross annual income of $90,000 at full occupancy.; Six spacious 2‑bedroom, 1‑bath units with private entrances and dedicated basements, offering a townhome‑style feel.; All six units are separately metered for gas, water, and electric, significantly reducing owner utility expenses.
