Saginaw Township Duplex For
For Sale
$180,000
1525 Pius, Saginaw, MI 48638
Investment opportunity in Saginaw Township, close to amenities.
Property Size2,320 SF
Lot Size0.34 Acres
Price / SF$77.59
Days on Market338
Property Features for 1525 Pius
General Information
Standard status
Active
Size
2,320 SF
Lot size
0.34 Acres
Property subtype
Multi-Family
Amenities
Forced Air
Dishwasher
Range/Oven
Refrigerator
Building Details
Year Built
1978
Listing Agency:
Century 21 Signature Realty
(989) 921-7000
Listed By:
Mark Greskowiak · License #6506036834
(989) 921-7000
Source:
Kw
Added: Sep 27, 2025
Changed: Aug 28
Last Checked: Aug 29 at 5:08PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,744
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $13,744 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$186.5K
$163.2K – $217.6K
NOI $13,055 @ 7.0% cap · market cap 7.25%
Theoretical Best
Specialty Retail
$428.6K
$375.1K – $500.1K
NOI $30,005 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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.**
