218 Lincoln Street, Chesaning, MI 48616
MULTI_FAMILY - Other - Chesaning, MI
- Added:
- Jun 15, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 2 at 9:06 am
Property Features for 218 Lincoln Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Basement, Bathroom 1
- Patio and Porch features
- Porch
- Interior features
- Cable/Internet Avail.
- Exterior features
- Porch, Sidewalks
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 13-09-3-16-0387-000
- Size
- 1,394 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3161
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent Janet Kovach License #6502138651 (989) 262-7007
Listing office RE/MAX New Image 1668 Midland Rd, Saginaw, MI (989) 790-0890
Listing date Jun 15, 2026
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.
HighLights
- 1920‑built home with long‑term rental history
- Forced‑air heating; tenants pay heat and electric while owner pays water
- Main floor apartment includes a laundry room that can be converted into a 2nd bedroom
- Public water source
- Includes porch and sidewalks
- Appliances include range/oven and refrigerator
Overview
The property is located at 218 Lincoln Street in Chesaning, Michigan. With a manageable lot size, the building is positioned for straightforward ownership and day-to-day management, supported by an established long-term rental history.
For investors or owner-occupants seeking an income property with controlled operating expenses, the tenant-paid utilities can help simplify budgeting, with water handled by the owner. The laundry room conversion provides a potential way to adjust the main floor configuration to better match changing tenant needs. This is a residential income property designed for ongoing rental use rather than short-term occupancy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $12.7k | $9.12 |
| − Vacancy | −$915 | −$0.66 |
| EGI | $11.8k | $8.46 |
| − OpEx | −$3.5k | −$2.54 |
| NOI | $8.3k | $5.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chesaning
- County
- Saginaw
- State
- Michigan
- Longitude
- -84.117074
- Latitude
- 43.187295
