Building Details

Year Built 1978

Listing Agency: Century 21 Signature Realty

Listed By: Mark Greskowiak · License #6506036834 Show Phone

Source: Kw

Added: Sep 26, 2025 Changed: Oct 13 Last Checked: Oct 14 at 9:54PM

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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 duplex in Saginaw Township offers an investment opportunity with a total of 2320 square feet. One unit features two bedrooms and one and a half bathrooms, including a large kitchen open to the dining room and living room with a fireplace. A partially finished basement provides ample storage. This unit also includes an attached two and a half car garage. The second unit has two bedrooms and one bathroom, with a galley kitchen open to the dining space and a large living room. A full basement offers extensive storage. This unit has a one and a half car garage. The property is situated in a convenient Saginaw Township location, within a short drive of groceries, shopping, and restaurants. It presents a potential investment opportunity or the option to occupy one unit while renting out the other.

Key Highlights

• Duplex offers investment opportunity or owner‑occupancy with rental income potential.
• Located in desirable Saginaw Township, close to amenities.
• One unit features 2 bedrooms, 1.5 bathrooms, fireplace, and a 2.5 car garage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,744

Cap Rate

7.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$274,880 $274.9K

Cap Rate 7%

$196,343 $196.3K

Cap Rate 9%

$152,711 $152.7K

Market Conditions

NOI Build-Up for 2,320 SF

Gross rent

$21.2K $9.12/SF

− Vacancy

−$1.5K −$0.66/SF

EGI

$19.6K $8.46/SF

− OpEx

−$5.9K −$2.54/SF

NOI

$13.7K $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%

$274,880

Cap Rate 7%

$196,343

Cap Rate 9%

$152,711

Alternative Uses

Best Use

Multifamily LT 5

$196.3K

$171.8K – $229.1K (±1% cap)

NOI $13,744 @ 7.0% cap · market cap 7.64%

Second Best

Apartment 5plus

$186.5K

$163.2K – $217.6K (±1% cap)

NOI $13,055 @ 7.0% cap · market cap 7.25%

Theoretical Best

Specialty Retail

$428.6K

$375.1K – $500.1K (±1% cap)

NOI $30,005 @ 7.0% cap · market cap 16.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Kitchen & Bath Showroom Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

56

Businesses Nearby

Explore this area Business Placement

Demographics for 48638, MI

13,199

Population

6,479

Households

2

Avg Household Size

42

Median Age

36%

College-Educated

95%

High-School Grad

6.5 sq mi

ZIP Area

2,031

Density / Sq Mi

$63,444

Median Household Income

$44,281

Median Earnings

$948

Median Rent

$161,200

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?

Duplex - Investment opportunity in Saginaw Township, close to amenities.

Where is this duplex located?

The property is located at 1525 Pius Saginaw, MI.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Duplex offers investment opportunity or owner‑occupancy with rental income potential.; Located in desirable Saginaw Township, close to amenities.; One unit features **2 bedrooms, 1.5 bathrooms, fireplace, and a 2.5 car garage.**