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.
For sale
$575,000
411 S Simon St, Cadillac, MI 49601
--beds
--baths
1,500sqft
Multi Family
Built in 1900
-- sqft lot
$575,700 Zestimate®
$383/sqft
$-- HOA
What's special
Ample off-street parking
- 10 days |
- 192 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Mike McGuire 231-920-1571,
Coldwell Banker Schmidt-Cadillac 231-775-1737
Source: NGLRMLS,MLS#: 1947288
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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: 1,500
- Total interior livable area: 1,500 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
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: G.A. Mitchell Plat
Location
- Region: Cadillac
Financial & listing details
- Price per square foot: $383/sqft
- Tax assessed value: $180,000
- Annual tax amount: $10,671
- Price range: $575K - $575K
- Date on market: 6/28/2026
- Cumulative days on market: 11 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: 7950
- Road surface type: Asphalt
Estimated market value
$575,700
$547,000 - $604,000
$1,975/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2023 | Listed for sale | $575,000+479.1%$383/sqft |
Source:  NGLRMLS #1913412 Report a problem | ||
| 11/22/2019 | Sold | $99,300+0.8%$66/sqft |
Source:  MichRIC #19035471 Report a problem | ||
| 7/25/2019 | Listed for sale | $98,500$66/sqft |
Source: Coldwell Banker Schmidt, Realtors #1864982 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,889 +4.5% | $75,600 -7.9% |
| 2024 | $3,723 +4.2% | $82,100 +8.6% |
| 2023 | $3,572 +43.3% | $75,600 +17.9% |
| 2022 | $2,493 | $64,100 +10.9% |
| 2021 | -- | $57,800 +8% |
| 2020 | $2,471 | $53,500 +3.1% |
| 2019 | -- | $51,900 +4% |
| 2018 | -- | $49,900 +28.6% |
| 2017 | -- | $38,800 +2.1% |
| 2016 | -- | $38,000 +2.4% |
| 2015 | -- | $37,100 +17.8% |
| 2013 | -- | $31,500 -7.4% |
| 2012 | -- | $34,000 |
| 2011 | -- | $34,000 -32% |
| 2010 | -- | $50,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 49601
Nearby schools
GreatSchools rating
- 8/10Franklin Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Mackinaw Trail Middle SchoolGrades: 6-8Distance: 2.4 mi
- 6/10Cadillac Senior High SchoolGrades: 9-12Distance: 1 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Michigan
- Wexford County
- Cadillac
- 49601
- 411 S Simon St
Nearby cities
Nearby zip codes
Other Cadillac Topics
