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Three-Unit Residential Income Property

415 E Harris Street, Cadillac, MI 49601

For Sale
$199,900

The tenant-occupied property offers two one-bedroom apartments and a larger unit configured for two to three bedrooms.

Property Size2,314 SF
Price / SF$86.39
Days on Market186

Property Features for 415 E Harris Street

General Information

Standard status Active
Size 2,314 SF
Total Parking Spaces 6
Property subtype Residential Income
Zoning Multi-Family, Rental History
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 1 x 2-3BR/1BA
Multifamily Units 3

Additional Details

Gross Income $32,100
Tenant in Place Yes

Amenities

Walk-In Closet(s)
Storage
Entrance Foyer
High Speed Internet
Sidewalk

Building Details

Building Size 2,314 SF
Year Built 1885
Buildings 1
Stories 2
Units 3
Tenancy Multi
Listing Agency: CENTRAL REAL ESTATE MT PLEASANT, INC.
Listed By: Dave Zamarron · License #6502102202
Source: Centralmirealty
Added: May 6 Changed: Nov 4 Last Checked: Nov 7 at 4:03AM

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 CENTRAL REAL ESTATE MT PLEASANT, INC.

Rey
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Investment Insights

Based on property information with market context.

Built in 1885, this 2,314-square-foot triplex contains two one-bedroom, one-bathroom apartments and a larger one-bathroom unit with two to three bedrooms. Separate entrances serve the apartments, with Units 1 and 2 also connected by a shared hallway. Unit 3 has electrical service in a space that could serve as a third bedroom, but that area has no heat; feasibility for use should be verified. The property is occupied, and its City of Cadillac rental certificate is valid through September 23, 2028.

Located in Cadillac’s historic district, the property is a few blocks from downtown and Lake Cadillac. Alley access leads to off-street parking for six vehicles. Tenants pay electricity, while the landlord covers gas, water, sewer, trash, lawn care, and snow removal.

Key Highlights

  • Three occupied apartments: two 1‑bedroom units and one 2–3‑bedroom unit
  • 2,314 square feet; built in 1885
  • Off‑street parking for six vehicles, accessed from the alley

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The tenant-occupied property offers two one-bedroom apartments and a larger unit configured for two to three bedrooms.
Where is this triplex located?
The property is located at 415 E Harris Street Cadillac, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Three occupied apartments: two 1‑bedroom units and one 2–3‑bedroom unit; 2,314 square feet; built in 1885; Off‑street parking for six vehicles, accessed from the alley
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