218 S Cottage Cadillac, MI ^$ 575,000

218 S Cottage

^$ 575,000

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218 S Cottage

Cadillac, MI, 49601

^$ 575,000

Studio Baths0.0

Monthly Estimate*

^$ 3,631

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Studio

Multi-Family Home for sale in Cadillac, MI

for $575,000. This home was built in 1900 on a lot size of 0.14.

Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units**, with 9 of 10 units currently leased. These well-established, long-term rental properties are ideally located within three blocks of downtown Cadillac, providing tenants with convenient access to shopping, dining, entertainment, and employment opportunities. The properties offer ample off-street parking, solid rental history, and easy management due to their close proximity to one another. Whether you're looking to expand your portfolio or step into multifamily investing, this package presents a rare opportunity to acquire income-producing assets in one of Cadillac's most desirable rental locations.

Multi-Family Active

Price

^$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 13,607

Style

Lot Size

0.14

Year Built

1900

Town/City

Cadillac

County/Region

Wexford

MLS | Web ID

80070413

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Appliances Range/Oven Refrigerator

Status Active Active

Year Built 1900

Subdivision COBSS & MITCHELLS ADDITION MI

County Wexford

Class MULTIFAMILY

Type Multi-Family

Ownership Private

Municipality Cadillac

Section 3

Zoning Multi-Family Residential

Sale/Rent For Sale

Status Detail 0

Utilities Cable Available

Structure Style 2 Story

Area Cadillac (83019)

Primary City Cadillac

Directions From downtown Cadillac take Business 131to Stimson Street go east 2 streets turn right on Simons Street house sits on the left. The other two properties please use GPS

City Cadillac

School District Cadillac Area Public Schools

Financial Terms Cash Exchange/Trade Land Contract

Legal Description Simon street N 59 FT OF LOTS 1 & 2 BLK 22 G A MITCHELLS PLAT OF NW 1/4 SEC 3-21-9 CITY OF CADILLAC pine street-W 1/2 LOT 4

DOM 6

Postal Code 49601

Public Remarks Exceptional investment opportunity featuring **three multifamily properties totaling 10 rental units** with 9 of 10 units currently leased. These well-established

Interior

Basement Poured

Total Number of Units 10

Fuel Type Natural Gas

Exterior

Exterior Aluminum

Exterior Amenities Patio

Lot Size Area 0.14

Lot Dimensions 59 x 100 others simila

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Mike McGuire

Listing Agent

Coldwell Banker Schmidt-Cadillac

Broker

mike.mcguire@cbgreatlakes.com

Affordability Calculator

$4,765

Per Month

Monthly Principal & Interest: $3,631
Monthly Property Taxes: $1,134
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Cadillac, MI

Average List Price ^$359,420

Percent of Sale Price 37%

About Cadillac, MI

10,600 Population

4% Since 2002

^$37,248 Median Income

38.02 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

854773 Elementary School

854772 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/29/2026	$575,000		Listed Price

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218 S Cottage, Cadillac, MI, 49601 is a Multi-Family Home for sale at $575,000 with a lot size of 0.14. 218 S Cottage is a studio with 0.0 baths and was built in 1900. The property's zip code is 49601 which is in Cadillac, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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218 S Cottage

Multi-Family Home for sale in Cadillac, MI

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