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10-Unit Multifamily Portfolio
For Sale
$575,000

411 S SIMON STREET, Cadillac, MI 49601

CADILLAC, MI

Property SizeContact for details
Days on Market9

Property Features for 411 S SIMON 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 21 at 1:06AM
MLS# 26042024

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 offering includes three rental properties with a combined 10 units. Nine units are leased, and the properties have an established history of long-term tenancy. Off-street parking is available, adding a practical feature for residents.

The portfolio is located at 411 S Simon Street in Cadillac, within three blocks of downtown. Shopping, dining, entertainment, and employment opportunities are nearby, while the close proximity of the properties supports centralized ownership and oversight. The listing records a 1900 year built date.

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

Multifamily properties

Suggested Use

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

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

861
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
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three nearby rental properties provide established occupancy, long-term tenancy, and off-street parking near downtown Cadillac.
Where is this multifamily property located?
The property is located at 411 S SIMON 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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