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Three-Unit Residential Income
For Sale
$124,900

417 N Fayette St, Saginaw, MI 48602

Fully rented three-unit multifamily with two one-bedroom units and one two-bedroom unit.

Property Size2,296 SF
Days on Market33

Property Features for 417 N Fayette St

General Information

Standard status Active
Size 2,296 SF
Property subtype Investment
Occupancy 100%

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,413

Building Details

Building Size 2,296 SF
Year Built 1889
Units 3
Tenancy Multi
Listing Agency: Century 21 Signature Realty
Listed By: Angie Muehlfeld · License #6506047050
Source: Elliman
Added: Jul 12 Changed: Aug 8 Last Checked: Aug 12 at 6:21AM

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 Century 21 Signature Realty

Investment Insights

Based on property information with market context.

This is a three-unit residential income property that is fully rented. Two units offer one bedroom and one bathroom each, and the third unit offers two bedrooms and one bathroom.

The asset is located at 417 N Fayette St in Saginaw, Michigan.

The property’s unit mix provides a combination of one-bedroom and two-bedroom layouts within the same three-unit building.

Key Highlights

  • 3‑unit multifamily home built in 1889
  • Fully rented; all units are currently occupied
  • Two 1‑bedroom, 1‑bath units

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Parking Lot & Garage Accounting Firm Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,330
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully rented three-unit multifamily with two one-bedroom units and one two-bedroom unit.
Where is this triplex located?
The property is located at 417 N Fayette St Saginaw, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 3‑unit multifamily home built in 1889; Fully rented; all units are currently occupied; Two 1‑bedroom, 1‑bath units
More about this property
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