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    Well-Maintained Duplex in Quiet Neighborhood Title is generated by Realmo AI

    120 Graham St, Saginaw, MI 48602

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    For Sale
    $165,000

    Brick duplex with immediate rental income potential in Saginaw, MI.

    Type:Investment
    Property size:
    1,798 SF
    Price / SF:
    $91/SF
    Added:
    Apr 24, 2026
    Days on Market:
    75
    Last Refresh:
    Jul 2 at 11:18 am

    Property Features for 120 Graham St

    General Information

    Standard status
    Active
    Size
    1,798 SF
    Property subtype
    Investment

    Building Details

    Year Built
    1943

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    Sabrina Hines

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Sabrina Hines

    HighLights

    • Duplex: Great for investors or owner‑occupants
    • Immediate rental income from tenant‑occupied units
    • Located in a quiet, established neighborhood near Adam Blvd
    • Spacious: 1,798 square feet with 4 bedrooms and 2.5 bathrooms
    • Includes a 2‑car garage
    • Bikeable (Bike Score 63) and Somewhat Walkable (Walk Score 55)

    Overview

    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.

    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 $16.4k $9.12
    − Vacancy −$1.2k −$0.66
    EGI $15.2k $8.46
    − OpEx −$4.6k −$2.54
    NOI $10.7k $5.92
    1,798 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $152.2K
    $133.2K – $177.5K (±1% cap)
    NOI $10,652 @ 7.0% cap · market cap 6.46%
    Second Best
    Apartment 5plus
    $144.5K
    $126.5K – $168.6K (±1% cap)
    NOI $10,118 @ 7.0% cap · market cap 6.13%
    Theoretical Best
    Specialty Retail
    $332.2K
    $290.7K – $387.6K (±1% cap)
    NOI $23,254 @ 7.0% cap · market cap 14.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Gym & Fitness Center Skin Care Clinic Food Market Parking Lot & Garage HVAC Service Hotel & Motel Nursing Home Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saginaw
    County
    Saginaw
    State
    Michigan
    Longitude
    -83.98083
    Latitude
    43.428818

    FAQs

    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 St Saginaw, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    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
    More about this property
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