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.
Active
$575,000
218 Cottage St, Cadillac, MI 49601
5beds
3baths
--sqft
2 to 4 Units
Built in 1900
-- sqft lot
$539,500 Zestimate®
$--/sqft
$-- HOA
What's special
Ample off-street parking
- 65 days
- 39
- 0
Zillow last checked:
Listing updated:
Listed by:
Michael McGuire 231-920-1571,
Coldwell Banker Schmidt Cadillac 231-775-1737
Source: MichRIC,MLS#: 26040780
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Features
- Basement: Crawl Space
Property
Parking
- Total spaces: 6
Lot
- Size: 0.34 Acres
- Dimensions: 99 x 150
- Features: Level, Sidewalk
Details
- Parcel number: 100500001300
- Zoning description: res.
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Cadillac
Financial & listing details
- Tax assessed value: $54,560
- Annual tax amount: $3,426
- Date on market: 8/5/2026
- Listing terms: Cash,Contract,Tax Def Exchange
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$539,500
$513,000 - $566,000
$1,462/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $575,000+786% |
Source: | ||
| 10/2/2020 | Sold | $64,900 |
Source: | ||
| 8/16/2020 | Pending sale | $64,900 |
Source: RE/MAX Central #1878585 Report a problem | ||
| 8/13/2020 | Listed for sale | $64,900+549% |
Source: RE/MAX Central #1878585 Report a problem | ||
| 2/5/2013 | Sold | $10,000+53.8% |
Source: | ||
| 9/27/2011 | Sold | $6,500 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,331 +4.5% | $67,400 +8% |
| 2024 | $3,189 +4.2% | $62,400 +12.4% |
| 2023 | $3,060 -10.8% | $55,500 +15.6% |
| 2022 | $3,431 | $48,000 -10.3% |
| 2021 | -- | $53,500 +21% |
| 2020 | $2,179 | $44,200 +19.8% |
| 2019 | -- | $36,900 |
| 2018 | -- | $36,900 -3.7% |
| 2017 | -- | $38,300 +13% |
| 2016 | -- | $33,900 +8% |
| 2015 | -- | $31,400 -1.3% |
| 2013 | -- | $31,800 -9.7% |
| 2012 | -- | $35,200 |
| 2011 | -- | $35,200 -15.6% |
| 2010 | -- | $41,700 |
Find assessor info on the county website
Monthly payment
Est. payment







