Two-Unit Residential
1123 Randolph Street, Saginaw, MI 48601
For Sale
Contact for pricing
Separate entrances serve a three-bedroom lower residence and a one-bedroom upper residence.
Property Size1,548 SF
Price / SF$16.09
Days on Market108
Property Features for 1123 Randolph Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
RE/MAX New Image
(989) 790-0890
Listed By:
Paul Wellman · License #353118
(989) 797-3629
Source:
Carterassociatesrealty
Added: Jul 24
Changed: Nov 5
Last Checked: Nov 7 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX New Image
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Investment Insights
Based on property information with market context.
This 1,548-square-foot duplex contains two residences with different bedroom counts. The lower unit has three bedrooms and private access to the full basement. The upper unit includes one bedroom and its own entrance from the rear deck.
Built in 1914, the property offers distinct access for each residence. The unit layout, basement access, and rear-deck entry are the primary physical features of the building.
Built in 1914, the property offers distinct access for each residence. The unit layout, basement access, and rear-deck entry are the primary physical features of the building.
Key Highlights
- Two residences totaling 1,548 square feet
- Three‑bedroom lower unit with private access to the full basement
- One‑bedroom upper unit entered from the rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,711
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,220
$174.2K
Cap Rate 7%
$124,443
$124.4K
Cap Rate 9%
$96,789
$96.8K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$16.5K $10.68/SF
− Vacancy
−$694 −$0.45/SF
EGI
$15.8K $10.23/SF
− OpEx
−$7.1K −$4.60/SF
NOI
$8.7K $5.63/SF
Area
Saginaw County, MI
Vacancy
4.20%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$174,220
Cap Rate 7%
$124,443
Cap Rate 9%
$96,789
Alternative Uses
Best Use
Multifamily LT 5
$131.0K
$114.6K – $152.9K
NOI $9,171 @ 7.0% cap · market cap 36.83%
Second Best
Apartment 5plus
$124.4K
$108.9K – $145.2K
NOI $8,711 @ 7.0% cap · market cap 34.98%
Theoretical Best
Specialty Retail
$286.0K
$250.3K – $333.7K
NOI $20,020 @ 7.0% cap · market cap 80.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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Business Placement
Demographics for 48601, MI
32,165
Population
16,220
Households
2
Avg Household Size
39
Median Age
8%
College-Educated
86%
High-School Grad
104.3 sq mi
ZIP Area
308
Density / Sq Mi
$37,830
Median Household Income
$27,218
Median Earnings
$836
Median Rent
$54,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saginaw, MI
Properties on Market for Duplexes in Saginaw
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve a three-bedroom lower residence and a one-bedroom upper residence.
Where is this duplex located?
The property is located at 1123 Randolph Street Saginaw, MI.
What are key features of this property?
This property features: Two residences totaling 1,548 square feet; Three‑bedroom lower unit with private access to the full basement; One‑bedroom upper unit entered from the rear deck
