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4-Unit Apartment Building
New
For Sale
$439,900

513 Cayuga, Bellaire, MI 49615

The occupied property combines two one-bedroom apartments with two studio units.

Property Size450 SF
Lot Size0.34 Acres
Days on Market3

Property Features for 513 Cayuga

General Information

Standard status Active
Size 450 SF
Lot size 0.34 Acres
Property subtype Investment
Occupancy 100%

Units

Unit Mix 2 x 1BR, 2 x studio
Multifamily Units 4

Additional Details

Tenant in Place Yes

Amenities

off-street parking

Building Details

Building Size 450 SF
Year Built 1950
Buildings 1
Units 4
Listing Agency: Coldwell Banker Schmidt Family Of Companies
Listed By: Christopher Hale
Source: Elliman
Added: Oct 28 Last Checked: Oct 28 at 7:18AM

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 Family Of Companies

Rey
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Investment Insights

Based on property information with market context.

This four-unit property in Bellaire has a mix of two one-bedroom apartments and two studios. All units are occupied, and the property includes dedicated off-street parking on a 0.34-acre lot.

The address is a short walk from downtown Bellaire, including Short’s Brewing Company, local coffee shops, eateries, shopping, and a walking path to Richardi Park.

Key Highlights

  • Four units: two one‑bedroom apartments and two studio units
  • All units are occupied
  • 0.34‑acre lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

307
Businesses Nearby

Demographics for 49615, MI

4,161
Population
3,575
Households
1.2
Avg Household Size
57
Median Age
44%
College-Educated
97%
High-School Grad
68.4 sq mi
ZIP Area
61
Density / Sq Mi
$78,750
Median Household Income
$38,635
Median Earnings
$775
Median Rent
$257,000
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

Frequently Asked Questions

What type of property is this?
Quadplex - The occupied property combines two one-bedroom apartments with two studio units.
Where is this quadplex located?
The property is located at 513 Cayuga Bellaire, MI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Four units: two one‑bedroom apartments and two studio units; All units are occupied; 0.34‑acre lot
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