For sale

$575,000

314 E Pine St, Cadillac, MI 49601

--beds

--baths

6,100sqft

$3,942/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$550,000 Zestimate^®

$94/sqft

$-- HOA

What's special

Ample off-street parking

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. See MLS # 1947288 and 1947339 for information on the two additional homes.

66 days
99
1

Facts & features

Interior

Heating

Forced Air, Natural Gas

Appliances

Included: Refrigerator, Oven/Range

Features

Other, Cable TV
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 6,100
Total interior livable area: 6,100 sqft

Property

Parking

Parking features: None

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Patio & porch: Patio
Waterfront features: None

Lot

Size: 6,098 Square Feet
Dimensions: 59 x 100 others simila

Details

Additional structures: None
Parcel number: 100820020300 see remarks
Zoning description: Residential,Multi-Family
Other equipment: Dish TV

Construction

Type & style

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

Materials

Frame, Aluminum Siding, Vinyl Siding
Foundation: Poured Concrete
Roof: Asphalt

Condition

New construction: No
Year built: 1900
Major remodel year: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Not Applicable
Water conservation: Not Applicable

Community & HOA

Community

Features: None
Subdivision: COBSS & MITCHELLS ADDITION

Location

Region: Cadillac

Financial & listing details

Price per square foot: $94/sqft
Tax assessed value: $190,206
Annual tax amount: $13,607
Price range: $575K - $575K
Date on market: 6/29/2026
Cumulative days on market: 67 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,1031 Exchange,Land Contract/PMM
Ownership type: Private Owner
Lease term: Month To Month
Total actual rent: 8900
Road surface type: Asphalt

Estimated market value

$550,000

$523,000 - $578,000

$1,359/mo

Price history

Date	Event	Price
6/29/2026	Listed for sale	$575,000+371.3%$94/sqft
Source: NGLRMLS #1947340 Report a problem
6/21/2025	Price change	$900+16.1%
Source: Zillow Rentals Report a problem
6/1/2025	Listed for rent	$775+10.7%
Source: Zillow Rentals Report a problem
7/31/2023	Listing removed	--
Source: Zillow Rentals Report a problem
7/28/2023	Listed for rent	$700
Source: Zillow Rentals Report a problem
6/9/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/30/2023	Listed for rent	$700
Source: Zillow Rentals Report a problem
2/22/2021	Sold	$122,000-6.1%$20/sqft
Source: NGLRMLS #1882857 Report a problem
12/23/2020	Contingent	$129,900$21/sqft
Source: NGLRMLS #1882857 Report a problem
12/23/2020	Listed for sale	$129,900$21/sqft
Source: Coldwell Banker Schmidt-Cadillac #1882857 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,088 +4.5%	$82,000 +9.9%
2024	$3,913 +45.8%	$74,600 +15.3%
2023	$2,684 +65.3%	$64,700 +9.8%
2022	$1,623	$58,900 +3.7%
2021	--	$56,800 +18.6%
2020	$2,242	$47,900 +3.2%
2019	--	$46,400 -5.7%
2018	--	$49,200 +31.6%
2017	--	$37,400 +1.9%
2016	--	$36,700 +1.9%
2015	--	$36,000 +15%
2013	--	$31,300 -3.7%
2012	--	$32,500
2011	--	$32,500 -31.6%
2010	--	$47,500