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Historic Multifamily Property
For Sale
$39,900

1331 S Jefferson, Saginaw, MI 48601

Two independent upper-level apartments accompany a main floor cleared to the studs for future interior planning.

Property Size3,950 SF
Lot Size0.46 Acres
Price / SF$10.10
Days on Market81

Property Features for 1331 S Jefferson

General Information

Standard status Active
Size 3,950 SF
Lot size 0.46 Acres
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence cleared down to the studs

Additional Details

Utilities to Site Yes
Multifamily Units 2

Amenities

Space Heater
Floor Furnace
Ceiling Fan(s)

Building Details

Year Built 1889
Buildings 1
Listing Agency: RE/MAX New Image
Listed By: Sherry Bliss · License #6?5?0?6?0?4?9?4?2?4
Source: Kw
Added: Jun 13 Changed: Aug 31 Last Checked: Aug 3 at 10:54AM

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.

Built in 1889, this 3,950 sq. ft. multifamily property occupies a 0.46-acre lot at 1331 S Jefferson in Saginaw. The main floor has been cleared to the studs, providing an unfinished interior with room for a new layout. Existing heating includes a natural gas floor furnace, while ceiling fans are also present.

The upper level contains two independent apartments, each heated with electric space heaters. The property’s substantial scale, historic construction, and existing apartment configuration provide a combination of preserved character and partially reworked interior space. Its large lot adds usable outdoor area to the residential income property.

Key Highlights

  • 3,950 sq. ft. multifamily property built in 1889
  • Situated on a 0.46‑acre lot at 1331 S Jefferson, Saginaw, MI 48601
  • Two independent apartments on the upper level

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Garden Center Building Supply HVAC Service Spa & Massage Center

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

58
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
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two independent upper-level apartments accompany a main floor cleared to the studs for future interior planning.
Where is this multifamily property located?
The property is located at 1331 S Jefferson 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 sq. ft. multifamily property built in 1889; Situated on a 0.46‑acre lot at 1331 S Jefferson, Saginaw, MI 48601; Two independent apartments on the upper level
More about this property
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