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450 sqft

$439,900

513 Cayuga, Bellaire MI, 49615

Price per sqft$977.56
Built in1950
Property size450 sqft
Property typeMulti-family

Overview

Active

Updated 6h ago

Prime Downtown Bellaire 4-Plex \ Fully Occupied Turnkey Asset Exceptional, Rare In-Town Multi-Family Opportunity! 513 E Cayuga offers immediate, multi-stream rental yield within the Village of Bellaire. Situated on a 0.34-acre lot, this fully occupied four-plex features a balanced unit mix of two private 1-bedroom apartments and two efficient studio units, delivering immediate day-one cash flow. Tenants love the unbeatable locationâ€"just a short walk to downtown Bellaire’s vibrant core district, including Short’s Brewing Company and other local coffee shops and eateries, shopping, and walking path to Richardi Park. The property boasts dedicated off-street parking, a highly prized feature for in-town living that ensures effortless tenant attraction and long-term retention. With severe regional demand for year-round workforce housing and zero local multi-family inventory competition, this asset provides an investor with low vacancy risk, steady cash flow, and clear upside potential. Whether you are seeking a resilient addition to your portfolio or a high-yielding Northern Michigan income property, 513 E Cayuga offers reliable performance in an ideal setting.

$2,927/mo

Est. mortgage payment based on a $439,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Pets Allowed
Yes

 

Courtesy of Coldwell Banker Schmidt-Bellaire

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Data last updated 3:30 AM UTC, 10/28/2026

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