122 E River St, Cadillac, MI 49601
Property image
Property image
FOR SALE

$193,900

Original price: $198,900
  • Studio
  • 1,800 sqft

122 E River St, Cadillac, MI 49601

Est. Mortgage $1,271/mo*
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Home Highlights

Property Type
Multi-Family
Year Built
1910
Price/Sqft
$108
Parking
None

Local Information

  • Map ViewExplore the area around 122 E River St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.
Last check for updates: about 13 hours ago
Listing courtesy of Amy Leach
Coldwell Banker Schmidt-Cadillac, (231) 775-1737
Pam Sibary, (231) 912-0136
Coldwell Banker Schmidt-Cadillac, (231) 775-1737
Source: NGLRMLS, MLS#1948144
Also Listed on NGLRMLS, Realcomp II.

Home Details for 122 E River St

Interior Features

Interior Details
Basement: Partial,Interior Entry
Dimensions and Layout
Living Area: 1800 Square Feet
Appliances & Utilities
Appliances: Refrigerator, Oven/Range, Washer, DryerDryerRefrigeratorWasher
Heating & Cooling
Heating: Forced Air,Natural GasHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneNo FireplaceNo Spa
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: Covered Entrance
View
No View

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: Deck, PatioOther Structures: Shed(s)Exterior: SidewalkNo Private Pool
Parking & Garage
No CarportNo GarageNo Open ParkingParking: None
Frontage
Waterfront: NoneResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Cumulative Days on Market: 47Days on Market: 47

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Frame, Vinyl SidingNot a New ConstructionAttached To Another StructureDoes Not Include Home Warranty
Property Information
Parcel Number: 100850002500

Price & Status

Price
List Price: $193,900Price Per Sqft: $108
Status Change & Dates
Possession Timing: Negotiable

Active Status

MLS Status: Active

Location

Direction & Address
City: CadillacCommunity: NONE
School Information
Elementary School District: Cadillac Area Public SchoolsJr High / Middle School District: Cadillac Area Public SchoolsHigh School District: Cadillac Area Public Schools

Agent Information

Listing Agent
Listing ID: 1948144

Building

Building Area
Building Area: 1800 Square Feet

Community

Community Features: None

Lot Information

Lot Area: 7405.2 sqft

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Conventional, Cash

Rental Terms, Policies & Fees

Rent Includes: Not For Lease

Miscellaneous

BasementMls Number: 1948144

Additional Information

None

Around this home

What Locals Say about Cadillac

At least 83 Trulia users voted on each feature.

  • 90 % Say parking is easy

  • 88 % Say yards are well-kept

  • 88 % Say car is needed

  • 85 % Say it's dog friendly

  • 81 % Say there's holiday spirit

  • 70 % Say kids play outside

  • 64 % Say there are sidewalks

  • 63 % Say people would walk alone at night

  • 59 % Say it's quiet

  • 55 % Say streets are well-lit

  • 55 % Say there's wildlife

  • 52 % Say neighbors are friendly

  • 52 % Say they plan to stay for at least 5 years

  • 42 % Say it's walkable to restaurants

  • 41 % Say it's walkable to grocery stores

  • 27 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Manitoutrails
    "It’s very nice and friendly. Very clean and it’s a friendly atmosphere. There seems to be a lot of wildlife and things to do in the area. "
    0
    Flag
  • Barbara R.
    "Under 5 minutes and two miles one way. Very little traffic on most days to contend with as well. We are only blocks from the elementary school also. "
    4
    Flag
  • Teribade
    "1-2 miles to ANYWHERE in town! Ski resort 20 miles west, Art/culture here is great, good private and public schools!"
    0
    Flag
  • Sandie C.
    "Dogs will bark but that’s dogs it’s not bad I enjoy it and they don’t seem to be mean so that’s an awesome thing neighbors seemed great"
    3
    Flag
  • Tami M.
    "Friendly neighbors,country setting, quiet, wildlife, close to town, beautiful trees, lots of places to walk and hike. Very safe. "
    0
    Flag
  • Homeowners
    "We watch out for elderly folks when it’s icy or stormy. People help each other. Open ice skating every Sunday at the community center. Hockey leagues and Caberfae Peaks Skiing all winter!"
    1
    Flag
  • Pgaffke
    "My community is rural but has easy access to amenities and shopping in town. We love the small town feel and proximity to outdoor activities."
    0
    Flag
  • Davenkristi5
    "Can easily walk to lake and activities held outside to the pavillon. also walking distance to Junior High and High School. Quiet neighborhood."
    1
    Flag
  • Mariep7620
    "i have lived in the area for three years now and love it. the neighborhood is a great place to be outside and play with my little boy."
    2
    Flag
  • Chey W.
    "I want to live here on Bremer St soo bad! Generations of my family have grown up in Cadillac and even if we move we always end up back here! I love Cadillac and want to raise my own family there. I hope in a couple of months I can get my dream house on Bremer St where my mom and Aunt and Grandma use to live across the st. My Aunt was best friends with the people that own the house we want and I want to hear the stories my Aunt has of that house when/if we can move it (:. Cadillac is great for it's festivities and the 4th of July Fireworks are always great when viewed above the lake. The walking trail around the lake is amazing so soo relaxing in the summer and the docks are great for fishing! The main strip has so many amazing shopping stores and places to check out, it's an adventure waiting to happen, seriously! And if you want to go out for the night there are plenty of places to have a great time ^_^."
    5
    Flag
  • conanthe3rd
    "We moved here a couple years ago, and we have really enjoyed it. It's Northern Michigan at it's finest. Beautiful scenery and lakes. It's definitely country, but it also has a nice downtown. Baker College is here in town and Ferris State is only 40 minutes south in Big Rapids. Traverse City is only 45 minutes north. It's not the most happening place for singles, but for a safe, relaxed environment for families, you can't beat it!"
    0
    Flag
  • Brenda S. S.
    "This location is IDEAL for this business. We visited it numerous times and they were never empty of customers. The Cadillac West Side is being revamped with modern points of interest. It is conveniently located at a center point of two main traveling roads (M115 and M55). Tourism is a major influence in this area and us locals know that this intersection is always full of traffic from Friday to Monday weekly with people either going north or heading home from a weekend of fun. The businesses in this area are all investing improvements to their establishments and I have seen tremendous growth and renewed vigor for shining the West Side in a positive manner. This particular ice cream shops is near: The local golf course is less than 1-2 miles down M55, the water park is just around the corner, several hotels are within walking distance, bait and tackle shops nearby, numerous gas stations, two lakes are within walking distance (Lake Cadillac and Lake Mitchell) with a state camping park on the canal that connects these two lakes that is ALWAYS FULL during camping seasons. The local bowling/pizza place nearby remodeled and enhanced their establishment that also has softball leagues in the back area all summer. As well a new renovation has taken place with a community Event Center being constructed just a stones throw away as well! It is worth the effort to investigate this listing further. (I do not know the owners, I am not paid to promote it and I do not know the realtor company or their employees). I'm a local citizen who desires to continue seeing my town thrive as it has for the last 6 years with the noticed improvements. "
    0
    Flag
  • khawesart
    "Work here, Live here, Love it here. I've only been a Cadillac Community member for 2 years but I never want to leave. I love the community involvement and hisotric downtown area. A lovely town and beautiful park and pavillion!"
    2
    Flag
  • Dora A.
    "historical district, walking distance to stores and restaurants, also park and lake. beautiful area"
    1
    Flag

Market trends in Cadillac

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$230K
$8.3KMoM
Sale-to-List Price
99.6%
Price per sq ft
$167
$1MoM
Available listings
122
15MoM

Home Value

Trulia Estimate
$190K
Since last month
Decreased$10K (-4.8%)
Since last year
Increased$6K (+3.1%)
Since last sale
Increased$90K (+90.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +256% in the last 10 years
MonthEstimated value
2026
September 2026$190K
August 2026$190K
July 2026$200K
June 2026$188K
May 2026$185K
April 2026$181K
March 2026$181K
February 2026$178K
January 2026$179K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
124 W Pine St, Cadillac, MI
0.36
Multi-Family Home
$93,000
08/11/26
5
3
1,810
234 Wright St, Cadillac, MI
0.27
Multi-Family Home
$139,900
03/11/26
4
2
1,500
521 Bond St, Cadillac, MI
0.47
Multi-Family Home
$111,000
03/12/26
2
2
1,379
305 E Chapin St, Cadillac, MI
0.63
Multi-Family Home
$58,500
01/30/26
2
2
1,352
1102 Chestnut St, Cadillac, MI
1.14
Multi-Family Home
$260,000
06/29/26
8
4
2,929
162 Leisure Rd, Cadillac, MI
2.82
Multi-Family Home
$300,600
09/12/25
4
2
1,800
162 Leisure Rd #A & B, Cadillac, MI
2.82
Multi-Family Home
$300,600
09/12/25
4
2
1,800
2897 S 39th Rd, Cadillac, MI
3.21
Multi-Family Home
$265,000
08/14/26
4
2
1,700
6444 E M 115, Cadillac, MI
2.83
Multi-Family Home
$495,000
02/23/26
-
5,400

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
707 N Shelby St, Cadillac, MI 49601
0.03
$74,900
2
1
844
Off Market
218 E River St, Cadillac, MI 49601
0.06
-
5
2
1,616
Off Market
225 E River St, Cadillac, MI 49601
0.08
$229,900
3
2
1,304
For Sale
117 E Crippen St, Cadillac, MI 49601
0.07
$155,200
2
2
1,272
Off Market
712 N Simon St, Cadillac, MI 49601
0.10
$158,500
2
1
756
Off Market
307 Crippen St, Cadillac, MI 49601
0.12
$169,200
3
1
1,397
Off Market
314 E River St, Cadillac, MI 49601
0.12
$167,400
4
1.5
2,045
Off Market
847 N Simon St, Cadillac, MI 49601
0.11
$165,000
4
1
1,900
Recently Sold
312 Crippen St, Cadillac, MI 49601
0.13
$164,200
3
1
1,056
Off Market
321 E River St, Cadillac, MI 49601
0.15
$196,500
4
2
2,006
Off Market
402 E River St, Cadillac, MI 49601
0.15
$155,200
2
1.5
871
Off Market

Price and Tax history

DateEventPrice
Aug 30, 2026
Source: NGLRMLS #1948144
PriceChange
$193,900
Price decreased by 3%
Aug 7, 2026
Source: NGLRMLS #1948144
PriceChange
$198,900
Price decreased by 3%
Jul 17, 2026
Source: NGLRMLS #1948144
Listed For Sale
$204,900
Jun 28, 2019
Source: NGLRMLS #1856141
Sold
$100,000
May 24, 2019
Source: Agent Provided
Pending
$119,000

LGBTQ Local Legal Protections

Amy Leach, Coldwell Banker Schmidt-Cadillac, (231) 775-1737
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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Frequently asked questions about 122 E River St

  • What is the estimated monthly payment for 122 E River St?
    Based on a $193,900 list price with 20% down at today's rates, the estimated monthly payment for 122 E River St in Cadillac, MI is approximately $1,294 (about $1,030 principal & interest, $189 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 122 E River St compare to homes in Cadillac?
    122 E River St in Cadillac, MI is listed at $193,900, about 16% below the $230K median sale price in Cadillac.
  • What do residents say about Cadillac?
    Residents describe Cadillac, MI as easy to park in, well-kept, and dog-friendly. Most residents say you need a car. See homes for sale in Cadillac, MI.
  • What are the closest schools to 122 E River St?
    The closest schools to 122 E River St in Cadillac, MI are Cadillac Senior High School (rated 6/10), Lincoln Elementary School (rated 7/10), Mackinaw Trail Middle School (rated 7/10).
  • Does 122 E River St have laundry facilities?
    Yes, 122 E River St in Cadillac, MI has in-unit laundry.
122 E River St, Cadillac, MI 49601 is a studio, 1,800 sqft multi-family built in 1910. This property is currently available for sale and was listed by NGLRMLS on Jul 17, 2026. The MLS # for this home is MLS# 1948144.