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Three-Unit Apartment Building
For Sale
$300,000

1148 S Mitchell Street, Cadillac, MI 49601

Multi-family property with tenant-paid utilities included and centralized hot-water service for all apartments.

Property Size667 SF
Days on Market25

Property Features for 1148 S Mitchell Street

General Information

Standard status Active
Size 667 SF
Property subtype Residential Income
Zoning Multi-Family

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Building Details

Building Size 667 SF
Year Built 1895
Buildings 1
Stories 2
Units 3
Listing Agency: REO-Cadillac-233028
Listed By: Patrick Vaughan
Source: Homesforsaleinmich
Added: Jul 13 Changed: Aug 4 Last Checked: Aug 6 at 12:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REO-Cadillac-233028

Investment Insights

Based on property information with market context.

Built in 1895, this historical multi-family building contains three one-bedroom, one-bathroom apartments. The units are described as clean and well maintained, with hot-water heating and one hot-water tank serving the entire property. Utilities are included for tenants, providing a consistent utility arrangement across the apartments.

The property is located at 1148 S Mitchell Street in Cadillac, Michigan, and carries Multi-Family zoning. The site is also described as having a large lot, adding flexibility to the existing residential configuration. Its three-apartment layout offers an established income-property format within a historically styled building.

Key Highlights

  • Three one‑bedroom, one‑bathroom apartments
  • Built in 1895
  • Multi‑Family zoning

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Spa & Massage Center Big Box & Wholesale Store Parking Lot & Garage Building Supply HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

776
Businesses Nearby

Demographics for 49601, MI

21,564
Population
10,734
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
220.0 sq mi
ZIP Area
98
Density / Sq Mi
$65,704
Median Household Income
$37,347
Median Earnings
$856
Median Rent
$166,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Multi-family property with tenant-paid utilities included and centralized hot-water service for all apartments.
Where is this triplex located?
The property is located at 1148 S Mitchell Street Cadillac, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bathroom apartments; Built in 1895; Multi‑Family zoning
More about this property
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