Two-Unit Colonial
For Sale
$149,900
Pending
811 N Fayette Street, Saginaw, MI 48602
MULTIFAMILY, Saginaw, MI
Property Size1,822 SF
Lot Size0.14 Acres
Days on Market83
Property Features for 811 N Fayette Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Basement
Patio and Porch features
Patio, Porch
Exterior features
Fenced Yard, Patio, Porch
Fencing
Fenced
Subdivision
Saginaw Division North
Elementary school district
Saginaw City School District
Middle school district
Saginaw City School District
High school district
Saginaw City School District
Standard status
Pending
APN
15 0127 00000
Size
1,822 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
1584
Utilities
Heating system
Forced Air
Water source
Public
Amenities
private washer and dryer hookups
full basements
patios
fenced backyard
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Architectural style
Colonial
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Bob & Janel Scharich · License #SBR-6502413068
(989) 753-4929
Added: Jun 9
Changed: Aug 19
Last Checked: Aug 30 at 11:06PM
MLS# 50210735
Copyright © 2026 Multiple Listing Service MiRealSource. 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.
This 1,822-square-foot duplex was built in 1976 and features a Colonial design, forced-air heat, public water, and full basements. Each residence has private washer and dryer hookups, a patio, and access to rear parking. One side also includes a fenced backyard, while an alley provides additional property access.
The vacant unit has new flooring and fresh paint, supporting immediate occupancy by a resident or owner-occupant. The property occupies 0.14 acres and is located near local hospitals in Saginaw. Tenant responsibilities include snow removal and lawn care, while the owner pays for water.
The vacant unit has new flooring and fresh paint, supporting immediate occupancy by a resident or owner-occupant. The property occupies 0.14 acres and is located near local hospitals in Saginaw. Tenant responsibilities include snow removal and lawn care, while the owner pays for water.
Key Highlights
- Two‑unit duplex with 1,822 square feet on 0.14 acres
- Built in 1976 with Colonial architectural style
- Private washer and dryer hookups in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,794
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,880
$215.9K
Cap Rate 7%
$154,200
$154.2K
Cap Rate 9%
$119,933
$119.9K
Market Conditions
NOI Build-Up for 1,822 SF
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.
Gross rent
$16.6K $9.12/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$15.4K $8.46/SF
− OpEx
−$4.6K −$2.54/SF
NOI
$10.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$215,880
Cap Rate 7%
$154,200
Cap Rate 9%
$119,933
Alternative Uses
Best Use
Multifamily LT 5
$154.2K
$134.9K – $179.9K
NOI $10,794 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$146.5K
$128.2K – $170.9K
NOI $10,253 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$336.6K
$294.6K – $392.7K
NOI $23,564 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,330
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include basement storage, laundry hookups, patios, and access to rear parking.
Where is this duplex located?
The property is located at 811 N Fayette Street Saginaw, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,822 square feet on 0.14 acres; Built in 1976 with Colonial architectural style; Private washer and dryer hookups in each unit
