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10-Unit Multifamily Portfolio
For Sale
$575,000

218 COTTAGE STREET, Cadillac, MI 49601

CADILLAC, MI

Property SizeContact for details
Days on Market8

Property Features for 218 COTTAGE STREET

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Standard status Active

Building Details

Year built 1900
Listing Agency: Cadillac · Coldwell Banker Real Estate
Listed By: Michael McGuire · License #6501379230
Added: Aug 13 Changed: Aug 19 Last Checked: Aug 20 at 10:06PM
MLS# 26040780

Copyright © 2026 Coldwell Banker Schmidt REALTORS. 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 package includes three properties with a combined 10 rental units, of which 9 are currently leased. The buildings provide off-street parking and are positioned close enough to support practical oversight across the portfolio. The property record identifies 1900 as the year built.

The assets are located within three blocks of downtown Cadillac, placing the rental units near shopping, dining, entertainment, and employment opportunities. The offering is anchored by 218 Cottage Street in Cadillac, Michigan, with the properties grouped within the same nearby area.

Key Highlights

  • Three multifamily properties totaling 10 rental units
  • 9 of 10 units currently leased
  • Properties located within three blocks of downtown Cadillac

Property Analytics

Current Use

MoreLessDogGrooming Pet Grooming Service

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Big Box & Wholesale Store Bakery Kitchen & Bath Showroom Auto Parts 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

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?
Multifamily property - Three nearby properties offer off-street parking and convenient access to downtown Cadillac.
Where is this multifamily property 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 totaling 10 rental units; 9 of 10 units currently leased; Properties located within three blocks of downtown Cadillac
More about this property
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