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For sale
    • $204,900

    122 E River St, Cadillac, MI 49601

    --beds
    --baths
    1,800sqft
    : 
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    Multi Family
    Built in 1910
    -- sqft lot
    $184,300 Zestimate®
    $114/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.
    3 days
    |
    109
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Leach 231-775-1737,

    Coldwell Banker Schmidt-Cadillac 231-775-1737,

    Pam Sibary 231-912-0136,

    Coldwell Banker Schmidt-Cadillac

    Source: NGLRMLS,MLS#: 1948144MLS Logo

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      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: $114/sqft
      • Tax assessed value: $55,386
      • Annual tax amount: $3,351
      • Price range: $204.9K - $204.9K
      • Date on market: 7/17/2026
      • Cumulative days on market: 3 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Conventional,Cash
      • Ownership type: Private Owner
      • Lease term: Other

        Estimated market value

        $184,300

        $166,000 - $205,000

        $1,527/mo

        Price history

        DateEventPrice
        7/17/2026Listed for sale$204,900+104.9%$114/sqft
        Source: NGLRMLS #1948144 Report a problem
        6/28/2019Sold$100,000-16%$56/sqft
        Source: NGLRMLS #1856141 Report a problem
        5/24/2019Pending sale$119,000$66/sqft
        Source: Real Estate One #1856141 Report a problem
        1/5/2019Listed for sale$119,000$66/sqft
        Source: Real Estate One #1856141 Report a problem

        Public tax history

        YearProperty taxesTax 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
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 49601

        Getting around

        77 / 100
        Very Walkable
        83 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Cadillac Area Public Schools

        Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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