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

314 E PINE STREET, Cadillac, MI 49601

CADILLAC, MI

Property SizeContact for details
Days on Market55

Property Features for 314 E PINE 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: Oct 6 at 7:06AM
MLS# 26042037

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 offering combines three multifamily properties with a total of 10 rental units. Current occupancy includes 9 leased units, providing an established operating base across the package. The properties are positioned near one another, supporting straightforward oversight and coordinated management. Off-street parking is available for residents, adding practical functionality to the rental improvements.

The properties are located within three blocks of downtown Cadillac, placing shopping, dining, entertainment, and employment opportunities close to the residences. The package includes the property at 314 E Pine Street along with two additional homes identified in the associated MLS references. The portfolio provides a consolidated multifamily ownership opportunity in Cadillac, with rental assets located in the same immediate downtown 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

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Current Use

Multifamily properties

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
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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 convenient access to downtown Cadillac.
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 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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