Two-Unit Duplex with Updated
For Sale
$139,900
1913 Olds Street, Saginaw, MI 48602
MULTIFAMILY, Saginaw, MI
Property Size1,404 SF
Lot Size0.10 Acres
Price / SF$99.64
Days on Market58
Property Features for 1913 Olds Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Laundry Room, Bathroom 2, Basement, Bedroom 2
Patio and Porch features
Porch
Interior features
Sump Pump
Exterior features
Porch
Appliances
Dishwasher, Microwave, Range/Oven, Refrigerator
Lot features
Dead End
Elementary school district
Saginaw Twp Community School
Middle school district
Saginaw Twp Community School
High school district
Saginaw Twp Community School
Subdivision
Saginaw Twp (73020)
Standard status
Active
APN
23-12-4-14-2111-000
Size
1,404 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2292
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s)
Water source
Public
Amenities
washer/dryer hookups
storage space
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Architectural style
Contemporary
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Chris Leibinger
(989) 385-0754
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 8:06PM
MLS# 50220424
Copyright © 2026 Saginaw Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,404-square-foot duplex contains two apartments, each with one bedroom, one bathroom, a living room, and an eat-in kitchen. The lower apartment has new carpet and paint, high ceilings, and a window air-conditioning unit. The upper apartment is currently rented.
Exterior improvements completed in 2026 include new siding and doors, along with a new sump pump, updated grading, and gutters. The furnace and water heater are newer. Basement features include washer and dryer hookups and additional storage. The property occupies a 0.1-acre lot and includes a porch.
Exterior improvements completed in 2026 include new siding and doors, along with a new sump pump, updated grading, and gutters. The furnace and water heater are newer. Basement features include washer and dryer hookups and additional storage. The property occupies a 0.1-acre lot and includes a porch.
Key Highlights
- Two 1‑bedroom, 1‑bath apartments in a 1,404‑square‑foot duplex
- Upper apartment is currently rented
- Lower apartment has fresh carpet and paint, high ceilings, and a window A/C unit
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 - Each apartment has a separate living room and eat-in kitchen, with laundry hookups and storage in the basement.
Where is this duplex located?
The property is located at 1913 Olds Street 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 apartments in a 1,404‑square‑foot duplex; Upper apartment is currently rented; Lower apartment has fresh carpet and paint, high ceilings, and a window A/C unit
