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Historic Multifamily Property With Two Apartments
For Sale
$39,900

1331 S Jefferson Ave, Saginaw, MI 48601

Historic estate includes a cleared main level and two independent apartments above.

Property Size3,950 SF
Lot Size0.46 Acres
Price / SF$10.10
Days on Market71

Property Features for 1331 S Jefferson Ave

General Information

Standard status Active
Size 3,950 SF
Lot size 0.46 Acres
Property subtype Residential Income

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,024

Building Details

Year Built 1889
Listing Agency: RE/MAX New Image
Listed By: Sherry Bliss-Cayer
Source: Exprealty
Added: Jun 12 Changed: Aug 18 Last Checked: Aug 20 at 9:53AM

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

Investment Insights

Based on property information with market context.

Constructed in 1889, this 3,950-square-foot historic property in Saginaw, MI occupies a 0.46-acre lot. The main floor has been cleared to the studs, creating an open starting point for a redesigned layout. Heating on this level is provided by a natural gas floor furnace.

The upper floor contains two independent apartments, each heated with electric space heaters. These apartments can remain configured as separate residential spaces, while the cleared main level offers additional room for a future layout. The property is located at 1331 S Jefferson Ave and combines a substantial historic structure with usable yard area.

Key Highlights

  • 3,950‑square‑foot historic property constructed in 1889
  • Situated on a 0.46‑acre lot at 1331 S Jefferson Ave
  • Main floor cleared to the studs for a redesigned layout

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Pharmacy Skin Care Clinic (Bike/Boat/Book/etc) Store

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

620
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Historic estate includes a cleared main level and two independent apartments above.
Where is this multifamily property located?
The property is located at 1331 S Jefferson Ave Saginaw, MI.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: 3,950‑square‑foot historic property constructed in 1889; Situated on a 0.46‑acre lot at 1331 S Jefferson Ave; Main floor cleared to the studs for a redesigned layout
More about this property
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