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10-Unit Multifamily Portfolio
For Sale
$575,000

314 E Pine St, Cadillac, MI 49601

Three nearby buildings combine rental inventory with off-street parking and access to downtown Cadillac amenities.

Property Size1,650 SF
Price / SF$348.48
Days on Market39

Property Features for 314 E Pine St

General Information

Standard status Active
Size 1,650 SF
Property subtype Multi-Family
Occupancy 90%

Additional Details

Multifamily Units 10

Building Details

Year Built 1900
Buildings 3
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Michael McGuire · License #6501379230
Source: Metrodetroithomeguide
Added: Jul 25 Changed: Aug 31 Last Checked: Aug 31 at 5:47PM

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 includes three properties with a combined 10 rental units. Nine units are leased, and the properties include off-street parking. The portfolio record identifies 1,650 square feet and a 1900 year built.

The properties are situated within three blocks of downtown Cadillac, placing shopping, dining, entertainment, and employment within convenient reach. Their close proximity supports centralized oversight across the group. The property address is 314 E Pine St, Cadillac City, MI 49601.

Key Highlights

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

Property Analytics

Current Use

Multifamily properties

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 buildings combine rental inventory with off-street parking and 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 with 10 rental units; 9 of 10 units currently leased; Within three blocks of downtown Cadillac
More about this property
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