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Duplex with Flexible Lower Unit
For Sale
$143,000

821 Cotey, Cadillac, MI 49601

Two-unit property with an occupied upper residence and a lower unit ready for occupancy or leasing.

Property Size550 SF
Days on Market164

Property Features for 821 Cotey

General Information

Standard status Active
Size 550 SF
Property subtype Investment

Building Details

Building Size 550 SF
Year Built 1900
Units 2
Tenancy Multi
Listing Agency: Coldwell Banker Schmidt-Cadillac
Listed By: Rhonda VanderVelde · License #6501398486
Source: Elliman
Added: May 8 Changed: Oct 16 Last Checked: Oct 16 at 10:04AM

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-Cadillac

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Investment Insights

Based on property information with market context.

This duplex, built in 1900, includes two residential units with distinct occupancy positions. The upper unit has had the same tenant for more than 30 years, while the lower unit is available for a new occupant or rental use.

The property is located at 821 Cotey in Cadillac, Michigan. The surrounding area records a walk score of 75 and a bike score of 55, indicating walkable and bikeable access to nearby amenities.

Key Highlights

  • Two‑unit duplex configuration
  • Upper unit has had the same tenant for over 30 years
  • Lower unit available for occupancy or rental use

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Kitchen & Bath Showroom Home Appliance Store Bakery

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

457
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

Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property with an occupied upper residence and a lower unit ready for occupancy or leasing.
Where is this duplex located?
The property is located at 821 Cotey Cadillac, MI.
What is the asking price?
The asking price for this property is $143,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Upper unit has had the same tenant for over 30 years; Lower unit available for occupancy or rental use
More about this property
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