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10-Unit Multifamily Package
For Sale
$575,000

218 Cottage Street, Cadillac, MI 49601

Multi Family, Cadillac, MI

Property SizeContact for details
Lot Size0.34 Acres
Days on Market88

Property Features for 218 Cottage Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description res.
Bedrooms 5
Full bathrooms 3
Rooms Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1
Parking 6
Basement Crawl Space
Lot features Level, Sidewalk
Elementary school district Cadillac
Middle school district Cadillac
High school district Cadillac
Directions Please use GPS from downtown Cadillac
Standard status Active
APN 10-050-00-013-00
Lot size 0.34 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 6 & 7, BLK B COBBS & MITCHELLS ADD CITY OF CADILLAC
Tax Annual Amount 3426
Legal Description LOTS 6 & 7, BLK B COBBS & MITCHELLS ADD CITY OF CADILLAC

Utilities

Utilities Cable Available
Heating system Forced Air

Building Details

Year built 1900
Number of units 3
Building materials Aluminum Siding, Vinyl Siding
Roof type Composition
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Michael McGuire · License #6501379230
Added: Jun 29 Changed: Sep 16 Last Checked: Sep 24 at 12:06AM
MLS# 26040780

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily offering combines three apartment properties with 10 rental units, including 9 units currently leased. The buildings provide off-street parking and are positioned for straightforward oversight because of their close proximity to one another. Property features include aluminum and vinyl siding, forced-air heating, composition roofing, and cable availability. The recorded year built is 1900.

The package is located within three blocks of downtown Cadillac, placing the properties near shopping, dining, entertainment, and employment opportunities. The combined lot size is 0.34 acres, and the properties are situated in Cadillac, Michigan, in Wexford County.

Key Highlights

  • Three multifamily properties offered together
  • 10 rental units, with 9 of 10 units currently leased
  • Within three blocks of downtown Cadillac

Property Analytics

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Current Use

MoreLessDogGrooming Pet Grooming Service

Suggested Use

Top Pick Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Furniture & Home Goods HVAC Service Big Box & Wholesale Store

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

10
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

721
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Three nearby apartment properties provide off-street parking and established rental operations within three blocks of downtown Cadillac.
Where is this apartment building located?
The property is located at 218 Cottage Street Cadillac, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three multifamily properties offered together; 10 rental units, with 9 of 10 units currently leased; Within three blocks of downtown Cadillac
More about this property
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