Well-Maintained Duplex in Quiet
For Sale
$135,000
120 Graham, Saginaw, MI 48602
Brick duplex with immediate rental income potential in Saginaw, MI.
Property Size1,798 SF
Price / SF$75.08
Days on Market209
Property Features for 120 Graham
General Information
Standard status
Active
Size
1,798 SF
Property subtype
Multi-Family
Amenities
Forced Air
Building Details
Year Built
1943
Listing Agency:
Keller Williams Preferred
Listed By:
Sabrina Hines · License #6501407105
(989) 574-7075
Source:
Kw
Added: Mar 17
Changed: Oct 10
Last Checked: Oct 11 at 5:55AM
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 Keller Williams Preferred
Investment Insights
Based on property information with market context.
This well-maintained brick duplex is located just off Adam Blvd in a quiet, established neighborhood. The property offers an opportunity for both investors and owner-occupants. It features 4 total bedrooms and 2.5 bathrooms with over 1,798 square feet of living space and a 2-car garage. Each unit offers comfortable layouts and natural sunlight. Both units are currently tenant-occupied, providing immediate rental income. The location has a bike score of 63, indicating it is bikeable, and a walk score of 55, indicating it is somewhat walkable.
Key Highlights
- Duplex: Great for investors or owner‑occupants
- Immediate rental income from tenant‑occupied units
- Located in a quiet, established neighborhood near Adam Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,652
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,040
$213.0K
Cap Rate 7%
$152,171
$152.2K
Cap Rate 9%
$118,356
$118.4K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$16.4K $9.12/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$15.2K $8.46/SF
− OpEx
−$4.6K −$2.54/SF
NOI
$10.7K $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%
$213,040
Cap Rate 7%
$152,171
Cap Rate 9%
$118,356
Alternative Uses
Best Use
Multifamily LT 5
$152.2K
$133.2K – $177.5K
NOI $10,652 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$144.5K
$126.5K – $168.6K
NOI $10,118 @ 7.0% cap · market cap 7.49%
Theoretical Best
Specialty Retail
$332.2K
$290.7K – $387.6K
NOI $23,254 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
230
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Brick duplex with immediate rental income potential in Saginaw, MI.
Where is this duplex located?
The property is located at 120 Graham Saginaw, MI.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Duplex: Great for investors or owner‑occupants; Immediate rental income from tenant‑occupied units; Located in a quiet, established neighborhood near Adam Blvd
