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10-Unit Multifamily Property Package
For Sale
$575,000

314 E Pine St, Cadillac, MI 49601

Three nearby rental properties offer off-street parking and convenient access to downtown Cadillac amenities.

Property SizeContact for details
Days on Market8

Property Features for 314 E Pine St

General Information

Standard status Active
Property subtype Investment
Occupancy 90%

Additional Details

Multifamily Units 10

Taxes and HOA fees

Annual Taxes $4,204

Building Details

Year Built 1900
Buildings 3
Units 3
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Mike McGuire · License #6501379230
Source: Elliman
Added: Aug 13 Changed: Aug 20 Last Checked: Aug 20 at 7:57AM

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 multifamily package combines three rental properties containing 10 units, with 9 units currently leased. The assets have an established long-term rental profile and include off-street parking. Their close grouping creates a compact portfolio of residential properties in the same local area.

The listed property is located at 314 E Pine St in Cadillac, Michigan, within three blocks of downtown. Residents have nearby access to shopping, dining, entertainment, and employment. The location carries a walk score of 75 and a bike score of 55. The recorded year built is 1900. Additional information for the other two homes is identified under NGLR MLS numbers 1947288 and 1947339.

Key Highlights

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

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Kitchen & Bath Showroom Bakery Carpet & Flooring Store (Bike/Boat/Book/etc) 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

835
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 rental properties offer off-street parking and convenient access to downtown Cadillac amenities.
Where is this multifamily property located?
The property is located at 314 E Pine St 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 in total, with 9 of 10 units leased; Within three blocks of downtown Cadillac
More about this property
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