$198,900
$6K PRICE DROP

Estimated payment $1,386/month

Total Views 899
-- Bed
-- Bath
1,800 Sq Ft
$110 Price per Sq Ft

Highlights

  • Deck
  • Shed
  • Forced Air Heating System
  • Patio

About This Home

Don't miss this exceptional 3-unit income property located at 122 E. River Street in the heart of Cadillac. Situated in a highly desirable location close to downtown shopping, dining, parks, and local amenities, this property offers convenience that tenants appreciate and investors value. With a strong rental history and consistent occupancy, this multi-family property presents an excellent opportunity for both seasoned investors and those looking to expand their portfolio. Each unit offers comfortable living space, and the property's central location continues to attract long-term tenants. Whether you're seeking immediate cash flow or future value-add potential, this property checks all the boxes. Great location, proven income history, and endless possibilities make this a must-see investment.

Listing Agent

Amy Leach

Coldwell Banker Schmidt-Cadillac Listed on: 07/17/2026

Coldwell Banker Schmidt-Cadillac

Co-Listing Agent

Pam Sibary

Coldwell Banker Schmidt-Cadillac

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x144

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Deck
  • Patio
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Buildings
  • 3 Units

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Community Features: None
  • Horses: No
  • LotSizeAcres: 0.17
  • Lot Size: 50x144
  • Has Spa?: No
  • Has View?: No
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: T15743508
  • Co List Office Phone: 231-775-1737
  • Co List Office Mls Id: T15743508
  • Subdivision Name: NONE
  • Accessibility Features: Covered Entrance
  • Basement: Partial, Interior Entry
  • Has Fireplace?: No
  • Unit Levels: Two
  • Living Area: 1800
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Interior Amenities: Other
  • Number Of Buildings: 2
  • Appliances: Refrigerator, Oven/Range, Washer, Dryer
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Asphalt
  • Has Private Pool?: No
  • Waterfront Features: None
  • Waterfront?: No
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Has Carport?: No
  • Has Attached Garage?: No
  • Has Open Parking?: No
  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Not For Lease
  • Pets Allowed: false

Schools

  • Junior High Dist: Cadillac Area Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 7405.2
  • Zoning Description: Residential

Rental Info

  • Lease Term: Other

Multi Family

  • Number Of Units Total: 3
  • Above Grade Finished Area Units: Square Feet

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $3,478 $82,300 $0 $0
2025 $3,351 $74,400 $0 $0
2024 $22 $70,400 $0 $0
2023 $3,078 $59,100 $0 $0
2022 $3,078 $52,900 $0 $0
2021 $2,998 $47,400 $0 $0
2020 $2,967 $46,100 $0 $0
2019 $1,860 $38,200 $0 $0
2018 -- $35,500 $0 $0
2017 -- $35,400 $0 $0
2016 -- $34,100 $0 $0
2015 -- $34,300 $0 $0
2013 -- $26,400 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2026 08/07/26 Price Changed $198,900 -2.9% $111 / Sq Ft
07/17/2026 07/17/26 For Sale $204,900 +104.9% $114 / Sq Ft
06/28/2019 06/28/19 Sold $100,000 -16.0% $56 / Sq Ft View Prior Sale
05/24/2019 05/24/19 Pending -- -- --
01/03/2019 01/03/19 For Sale $119,000 -- $66 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $100,000 Mid American Title Co
Source: Public Records

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1948144

Northern Great Lakes REALTORS® MLS

APN: 10-085-00-025-00

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