Two-Unit
For Sale
$139,900
1913 Olds Street, Saginaw, MI 48602
MULTIFAMILY, Saginaw, MI
Property Size1,404 SF
Lot Size0.10 Acres
Price / SF$99.64
Days on Market36
Property Features for 1913 Olds Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Laundry Room, Basement, Bathroom 2
Patio and Porch features
Porch
Interior features
Sump Pump
Exterior features
Porch
Appliances
Dishwasher, Microwave, Range/Oven, Refrigerator
Lot features
Dead End
Elementary school district
Saginaw Twp Community School
Middle school district
Saginaw Twp Community School
High school district
Saginaw Twp Community School
Subdivision
Saginaw Twp (73020)
Standard status
Active
APN
23-12-4-14-2111-000
Size
1,404 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
2292
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Architectural style
Contemporary
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Chris Leibinger
(989) 385-0754
Added: Sep 1
Changed: Oct 5
Last Checked: Oct 6 at 7:06AM
MLS# 50220424
Copyright © 2026 Saginaw Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 1,404-square-foot duplex contains two flats, each configured with one bedroom, one bathroom, a living room, and an eat-in kitchen. The lower apartment has received fresh carpet and paint and includes a window-mounted air conditioner. The upper apartment is currently occupied by a tenant. Forced-air heat serves the property, and the furnace and hot water heater are described as newer.
Exterior work completed in 2026 includes siding and doors. Drainage-related improvements include a sump pump, revised grading, and gutters. The basement provides washer and dryer connections along with storage space. The parcel measures 0.1 acres and the property is located at 1913 Olds Street in Saginaw.
Exterior work completed in 2026 includes siding and doors. Drainage-related improvements include a sump pump, revised grading, and gutters. The basement provides washer and dryer connections along with storage space. The parcel measures 0.1 acres and the property is located at 1913 Olds Street in Saginaw.
Key Highlights
- Two flats, each with 1 bedroom and 1 bathroom
- 1,404‑square‑foot building on a 0.1‑acre parcel
- Exterior siding and doors installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,318
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
$166.4K
Cap Rate 7%
$118,829
$118.8K
Cap Rate 9%
$92,422
$92.4K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$12.8K $9.12/SF
− Vacancy
−$922 −$0.66/SF
EGI
$11.9K $8.46/SF
− OpEx
−$3.6K −$2.54/SF
NOI
$8.3K $5.92/SF
Area
Saginaw County, MI
Vacancy
7.20%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
Cap Rate 7%
$118,829
Cap Rate 9%
$92,422
Alternative Uses
Best Use
Multifamily LT 5
$118.8K
$104.0K – $138.6K
NOI $8,318 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$112.9K
$98.8K – $131.7K
NOI $7,901 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 48602, MI
27,613
Population
12,286
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
3,540
Density / Sq Mi
$46,068
Median Household Income
$29,611
Median Earnings
$902
Median Rent
$70,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Each flat has its own living room and eat-in kitchen, with laundry hookups and storage in the basement.
Where is this duplex located?
The property is located at 1913 Olds Street Saginaw, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two flats, each with 1 bedroom and 1 bathroom; 1,404‑square‑foot building on a 0.1‑acre parcel; Exterior siding and doors installed in 2026
