For sale

$219,900

725 N Lake St, Cadillac, MI 49601

4beds

3baths

2,270sqft

$1,581/mo

Get pre-qualified

Multi Family

Built in 1910

-- sqft lot

$208,000 Zestimate^®

$97/sqft

$-- HOA

What's special

Excellent investment opportunity in the heart of Cadillac! This well-maintained triplex offers a strong rental history and has been privately managed, making it an ideal addition to any investment portfolio. The property features three separate units, including two upper-level 1-bedroom, 1-bath apartments and a spacious main-floor 2-bedroom, 1-bath apartment with convenient basement access. A new furnace installed in 2024 provides added value and peace of mind. Ideally located within walking distance of downtown Cadillac's restaurants, shopping, parks, and entertainment, the property is also adjacent to the scenic Clam River Walkway, offering tenants easy access to one of the city's most enjoyable outdoor amenities. Whether you're looking to expand your rental portfolio or begin investing in income-producing real estate, this well-positioned property is one you won't want to miss.

34 days
192
14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air, Natural Gas

Appliances

Included: Refrigerator, Oven/Range

Features

None, Cable TV, High Speed Internet
Basement: Full
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,270
Total interior livable area: 2,270 sqft

Property

Parking

Parking features: None

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Exterior features: Sidewalk
Waterfront features: River

Lot

Size: 0.28 Acres

Details

Additional structures: None
Parcel number: 100410004100
Zoning description: Multi-Family

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: City of Cadillac

Location

Region: Cadillac

Financial & listing details

Price per square foot: $97/sqft
Tax assessed value: $27,980
Annual tax amount: $1,725
Price range: $219.9K - $219.9K
Date on market: 8/1/2026
Cumulative days on market: 36 days
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional,Cash
Ownership type: Private Owner
Lease term: Other
Total actual rent: 2570
Road surface type: Concrete

Estimated market value

$208,000

$198,000 - $218,000

$1,200/mo

Price history

Date	Event	Price
8/1/2026	Listed for sale	$219,900$97/sqft
Source: NGLRMLS #1948772 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,708 +4.5%	$63,800 +7.8%
2024	$1,636 +4.2%	$59,200 +11.9%
2023	$1,569 +2.7%	$52,900 +14%
2022	$1,528	$46,400 +2.7%
2021	--	$45,200 +15.9%
2020	$1,513	$39,000 +21.5%
2019	--	$32,100 -1.2%
2018	--	$32,500 +33.2%
2017	--	$24,400 +0.8%
2016	--	$24,200 +11%
2015	--	$21,800 -1.4%
2013	--	$22,100 -2.2%
2012	--	$22,600
2011	--	$22,600 -19.3%
2010	--	$28,000