For sale

Price cut: $5K (8/30)

$193,900

122 E River St, Cadillac, MI 49601

--beds

--baths

1,800sqft

$1,395/mo

Get pre-qualified

Multi Family

Built in 1910

-- sqft lot

$190,100 Zestimate^®

$108/sqft

$-- HOA

What's special

Comfortable living space

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.

50 days
254
21

Facts & features

Interior

Heating

Forced Air, Natural Gas

Appliances

Included: Refrigerator, Oven/Range, Washer, Dryer

Features

Other
Basement: Partial,Interior Entry
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 1,800
Total interior livable area: 1,800 sqft

Property

Parking

Parking features: None

Accessibility

Accessibility features: Covered Entrance

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Patio
Exterior features: Sidewalk
Waterfront features: None

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 144

Details

Additional structures: Shed(s)
Parcel number: 100850002500
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Frame, Vinyl Siding
Roof: Asphalt

Condition

New construction: No
Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: None
Subdivision: NONE

Location

Region: Cadillac

Financial & listing details

Price per square foot: $108/sqft
Tax assessed value: $55,386
Annual tax amount: $3,351
Price range: $193.9K - $193.9K
Date on market: 7/17/2026
Cumulative days on market: 50 days
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Lease term: Other

Estimated market value

$190,100

$181,000 - $200,000

$1,144/mo

Price history

Date	Event	Price
8/30/2026	Price change	$193,900-2.5%$108/sqft
Source: NGLRMLS #1948144 Report a problem
8/7/2026	Price change	$198,900-2.9%$111/sqft
Source: NGLRMLS #1948144 Report a problem
7/17/2026	Listed for sale	$204,900+104.9%$114/sqft
Source: NGLRMLS #1948144 Report a problem
6/28/2019	Sold	$100,000-16%$56/sqft
Source: NGLRMLS #1856141 Report a problem
5/24/2019	Pending sale	$119,000$66/sqft
Source: Real Estate One #1856141 Report a problem
1/5/2019	Listed for sale	$119,000$66/sqft
Source: Real Estate One #1856141 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,351 +4.5%	$74,400 +5.7%
2024	$3,208 +4.2%	$70,400 +19.1%
2023	$3,078 +2.7%	$59,100 +11.7%
2022	$2,998	$52,900 +11.6%
2021	--	$47,400 +2.8%
2020	$2,967	$46,100 +20.7%
2019	--	$38,200 +7.6%
2018	--	$35,500 +0.3%
2017	--	$35,400 +3.8%
2016	--	$34,100 -0.6%
2015	--	$34,300 +29.9%
2013	--	$26,400 +1.1%
2012	--	$26,100
2011	--	$26,100 -30.2%
2010	--	$37,400