Two-Unit Duplex with Newer
For Sale
$279,900
6129 Weiss St, Saginaw, MI 48603
Both units have vinyl replacement windows, with refreshed finishes in the 6129 side.
Property Size2,400 SF
Days on Market36
Property Features for 6129 Weiss St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$4,825
Building Details
Building Size
2,400 SF
Year Built
1978
Units
2
Listing Agency:
NextHome, Inc
Listed By:
Jeff Flint · License #6506047940,PersonLicenseNumber
(989) 293-6730
Source:
Elliman
Added: Sep 4
Changed: Oct 9
Last Checked: Oct 7 at 12:50PM
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 NextHome, Inc
Investment Insights
Based on property information with market context.
This two-unit duplex was built in 1978 and includes updates to both sides. The 6129 side has refreshed flooring, bathroom finishes, paint, and fixtures, while vinyl replacement windows were installed throughout the property. The roof is also described as newer.
Located at 6129 Weiss St in Saginaw Township, the property is within walking distance of Nouvel Catholic Central High School. The surrounding area has a Walk Score of 0, indicating a car-dependent setting, and a Bike Score of 42, classified as somewhat bikeable.
Located at 6129 Weiss St in Saginaw Township, the property is within walking distance of Nouvel Catholic Central High School. The surrounding area has a Walk Score of 0, indicating a car-dependent setting, and a Bike Score of 42, classified as somewhat bikeable.
Key Highlights
- Duplex at 6129 Weiss St in Saginaw Township
- Built in 1978
- 6129 side updated with flooring, bath, paint, and fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,218
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,360
$284.4K
Cap Rate 7%
$203,114
$203.1K
Cap Rate 9%
$157,978
$158.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$21.9K $9.12/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$20.3K $8.46/SF
− OpEx
−$6.1K −$2.54/SF
NOI
$14.2K $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%
$284,360
Cap Rate 7%
$203,114
Cap Rate 9%
$157,978
Alternative Uses
Best Use
Multifamily LT 5
$203.1K
$177.7K – $237.0K
NOI $14,218 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$192.9K
$168.8K – $225.1K
NOI $13,506 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$443.4K
$388.0K – $517.3K
NOI $31,039 @ 7.0% cap · market cap 11.09%
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
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
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 - Both units have vinyl replacement windows, with refreshed finishes in the 6129 side.
Where is this duplex located?
The property is located at 6129 Weiss St Saginaw, MI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Duplex at 6129 Weiss St in Saginaw Township; Built in 1978; 6129 side updated with flooring, bath, paint, and fixtures
