About This Home

This 0-bedroom, 0-bathroom townhouse at 513 CAYUGA in Bellaire, MI is listed for $439,900 ($259 per sqft). Built in 1950, the home offers 1,700 sqft of living space on a N/A lot.

Key Features

  • Built in 1950

Property Details

1950
Listing Description

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 location-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.

Monthly Cost Estimate

$2,353/mo

20% down · 6.5% · 30 years

Principal$318
Interest$1,906
Insurance$128

Estimates only. Actual payments may vary.

Location

513 CAYUGA

Bellaire, MI 49615

Questions & Answers

This 0-bedroom, 0-bathroom townhouse at 513 CAYUGA is listed at $439,900 ($259/sqft). The estimated monthly payment is $2,352 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950.

This property is listed by Christopher Hale.

CH

Christopher Hale

Agent at Coldwell Banker Schmidt Family Of Companies

Listed by Coldwell Banker Schmidt Family Of Companies · Broker phone: 2315338641 · Broker website

MLS# 1951979· Source: Coldwell Banker Schmidt REALTORS· 1 day on PropertySimple

Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

513 CAYUGA, Bellaire, MI 49615

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