Updated Duplex Near Downtown
For Sale
$169,900
218 E River St, Cadillac, MI 49601
Well-maintained duplex with updated units, ideal for investors.
Property Size913 SF
Days on Market110
Property Features for 218 E River St
General Information
Standard status
Active
Size
913 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,493
Building Details
Building Size
913 SF
Year Built
1890
Units
2
Listing Agency:
REO-Cadillac-233028
(231) 878-8777
Listed By:
Michelle R Maidens · License #6506045786
(231) 878-8777
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 10 at 5:48AM
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.
This well-maintained duplex presents a prime investment opportunity within walking distance of downtown Cadillac. The property, situated on two lots, features two updated units (2024), providing convenient space for multiple vehicle parking. The main-level unit offers 3 bedrooms and 1 bathroom, while the upper-level unit includes 2 bedrooms and 1 bathroom. This functional setup is suited for long-term rental demand. Unit 1 is currently vacant. Unit 2 is rented for $950 a month, with the tenant responsible for all utilities. The property is centrally located. The location has a walk score of 75, indicating it is very walkable, and a bike score of 55, indicating it is bikeable. This property is ideal for investors or owner-occupants looking to offset housing costs.
Key Highlights
- Prime investment opportunity within walking distance to downtown Cadillac.
- Duplex with two updated units (2024).
- Sits on two lots, providing convenient space for multiple vehicle parking.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with updated units, ideal for investors.
Where is this duplex located?
The property is located at 218 E River St Cadillac, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Prime investment opportunity within walking distance to downtown Cadillac.; Duplex with two updated units (2024).; Sits on two lots, providing convenient space for multiple vehicle parking.
