Two-Unit Duplex with Updated
For Sale
$139,900
1913 Olds St, Saginaw, MI 48602
Two-level duplex with separate living areas, eat-in kitchens, and basement utility hookups.
Property Size1,404 SF
Price / SF$99.64
Days on Market56
Property Features for 1913 Olds St
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,291
Amenities
washer/dryer hookups
basement storage
Building Details
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Chris Leibinger
(989) 385-0754
Source:
Exprealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 4:26PM
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 Berkshire Hathaway HomeServices
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Investment Insights
Based on property information with market context.
This two-unit duplex contains one 1-bedroom, 1-bath apartment on each level. Both units include separate living rooms and eat-in kitchens. The lower apartment has recently refreshed carpet and paint, high ceilings, and a window A/C unit. The basement adds storage and washer and dryer hookups.
Exterior improvements completed in 2026 include new siding and doors. The property also has a new sump pump, updated grading, and gutters supporting water drainage. The furnace and hot water heater are newer. Located in Saginaw Township, the property has a Bike Score of 56 and a Walk Score of 26, characterized as Car-Dependent.
Exterior improvements completed in 2026 include new siding and doors. The property also has a new sump pump, updated grading, and gutters supporting water drainage. The furnace and hot water heater are newer. Located in Saginaw Township, the property has a Bike Score of 56 and a Walk Score of 26, characterized as Car-Dependent.
Key Highlights
- Two 1‑bedroom, 1‑bath units arranged across two levels
- New siding and doors installed in 2026
- Basement includes washer and dryer hookups plus additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,318
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
$166.4K
Cap Rate 7%
$118,829
$118.8K
Cap Rate 9%
$92,422
$92.4K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$12.8K $9.12/SF
− Vacancy
−$922 −$0.66/SF
EGI
$11.9K $8.46/SF
− OpEx
−$3.6K −$2.54/SF
NOI
$8.3K $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%
$166,360
Cap Rate 7%
$118,829
Cap Rate 9%
$92,422
Alternative Uses
Best Use
Multifamily LT 5
$118.8K
$104.0K – $138.6K
NOI $8,318 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$112.9K
$98.8K – $131.7K
NOI $7,901 @ 7.0% cap · market cap 5.65%
Theoretical Best
Specialty Retail
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
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Business Placement
Demographics for 48602, MI
27,613
Population
12,286
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
3,540
Density / Sq Mi
$46,068
Median Household Income
$29,611
Median Earnings
$902
Median Rent
$70,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with separate living areas, eat-in kitchens, and basement utility hookups.
Where is this duplex located?
The property is located at 1913 Olds St Saginaw, MI.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bath units arranged across two levels; New siding and doors installed in 2026; Basement includes washer and dryer hookups plus additional storage
