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Three-Unit Triplex Property
For Sale
$198,900

122 E River St, Cadillac, MI 49601

Central multifamily asset with established occupancy and access to downtown shopping, dining, parks, and everyday amenities.

Property Size1,800 SF
Price / SF$110.50
Days on Market39

Property Features for 122 E River St

General Information

Standard status Active
Size 1,800 SF
Property subtype Residential Income

Additional Details

Multifamily Units 3
Listing Agency: Coldwell Banker Schmidt-Cadillac
Listed By: Amy Leach
Source: Exprealty
Added: Jul 17 Changed: Aug 22 Last Checked: Aug 23 at 8:08AM

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 Coldwell Banker Schmidt-Cadillac

Investment Insights

Based on property information with market context.

This three-unit triplex property contains 1,800 square feet and is positioned as a residential income asset. The configuration provides three separate units, each offering living space suited to long-term residential occupancy. Reported rental performance includes a consistent occupancy pattern and established rental history.

Located at 122 E River St in Cadillac, the property is near downtown shopping, dining, parks, and local amenities. Its central setting places residents within convenient reach of community destinations while supporting the property’s existing long-term tenant profile.

Key Highlights

  • Three‑unit triplex configuration
  • 1,800 square feet of property area
  • Consistent occupancy and established rental history

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Skin Care Clinic Dental Office Kitchen & Bath Showroom HVAC Service

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

619
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 - Central multifamily asset with established occupancy and access to downtown shopping, dining, parks, and everyday amenities.
Where is this triplex located?
The property is located at 122 E River St Cadillac, MI.
What is the asking price?
The asking price for this property is $198,900.
What are key features of this property?
This property features: Three‑unit triplex configuration; 1,800 square feet of property area; Consistent occupancy and established rental history
More about this property
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