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Multifamily Rental Portfolio
For Sale
$575,000

314 E Pine Street, Cadillac, MI 49601

Multi Family, Cadillac, MI

Property SizeContact for details
Lot Size0.14 Acres
Days on Market96

Property Features for 314 E Pine Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description res
Bedrooms 6
Full bathrooms 3
Rooms Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 4, Basement, Bedroom 5, Bathroom 1
Parking 6
Basement Full
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 10-086-00-458-00
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W 1/2 LOT 4, BLK 26 MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE CITY OF CADILLAC
Tax Annual Amount 4204
Legal Description W 1/2 LOT 4, BLK 26 MITCHELLS REVISED PLAT OF THE VILLAGE OF CLAM LAKE 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
Listing Agency: Coldwell Banker Schmidt Cadillac
Listed By: Michael McGuire · License #6501379230
Added: Jun 29 Changed: Sep 16 Last Checked: Oct 2 at 9:06AM
MLS# 26042037

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 package combines three rental properties with 10 units, including 9 currently leased. The properties are positioned as a coordinated rental portfolio, with aluminum and vinyl siding, forced-air heating, and cable availability identified among the property features. Off-street parking supports resident convenience across the holdings.

The properties are located within three blocks of downtown Cadillac, placing the rental units near shopping, dining, entertainment, and employment opportunities. Their close physical proximity also supports centralized oversight of the portfolio. The offering includes the property at 314 E Pine Street along with two additional homes referenced in the listing information.

Key Highlights

  • Three multifamily properties included in one package
  • 10 rental units total with 9 of 10 currently leased
  • Within three blocks of downtown Cadillac

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Bakery Kitchen & Bath Showroom 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
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?
Multifamily property - Three nearby rental properties offer established occupancy, off-street parking, and access to downtown amenities.
Where is this multifamily property located?
The property is located at 314 E Pine 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 included in one package; 10 rental units total with 9 of 10 currently leased; Within three blocks of downtown Cadillac
More about this property
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