Two-Unit Duplex With Long-Term
208 & 210 S Adams Street Saginaw, MI 48604
New
For Sale
$114,900
Pending
MULTI_FAMILY - Bungalow - Saginaw, MI
Property Size1,576 SF
Lot Size0.21 Acres
Days on Market6
Property Features for 208 & 210 S Adams Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Laundry Room, Bathroom 1, Family Room
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Pending
- APN
- 02-12-5-06-0313-700
- Size
- 1,576 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3601
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Bungalow
Listing Agency:
EXP Realty
(888) 501-7085
Listed By:
Nicole Freed · License #6501427717
(989) 573-3331
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 26 at 1:06PM
MLS# 50215610
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.
Investment Insights
Based on property information with market context.
This duplex offers two separate units, each with two bedrooms and one bathroom, and is fully occupied by long-term tenants. The property includes separate gas and electric meters for the two units, while the owner pays for public water/sewer, lawn care, and snow removal. Off-street parking is provided via a large concrete parking area for two vehicles, with additional space for parking as needed.
The property is located at 208 & 210 S Adams Street in Saginaw, MI, and is described as being minutes from I-75 and the Tittabawassee Road corridor, providing access to shopping, dining, major employers, and commuter routes.
Both units are currently occupied by tenants who have been in place for approximately 2–3 years and are paying $850 per month each. The lot is listed at 0.21 acres.
The property is located at 208 & 210 S Adams Street in Saginaw, MI, and is described as being minutes from I-75 and the Tittabawassee Road corridor, providing access to shopping, dining, major employers, and commuter routes.
Both units are currently occupied by tenants who have been in place for approximately 2–3 years and are paying $850 per month each. The lot is listed at 0.21 acres.
Key Highlights
- 1,576‑SF duplex with two 2‑bedroom, 1‑bath units, fully occupied by long‑term tenants
- Each unit is currently paying $850/month; tenants have been in place for 2–3 years
- Separate gas and electric meters for each unit; owner pays public water/sewer, lawn and snow removal
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.4k | $9.12 |
| − Vacancy | −$1.0k | −$0.66 |
| EGI | $13.3k | $8.46 |
| − OpEx | −$4.0k | −$2.54 |
| NOI | $9.3k | $5.92 |
1,576 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$133.4K
$116.7K – $155.6K
NOI $9,337 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$126.7K
$110.9K – $147.8K
NOI $8,869 @ 7.0% cap · market cap 7.72%
Theoretical Best
Specialty Retail
$291.2K
$254.8K – $339.7K
NOI $20,382 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex with two 2-bedroom, 1-bath units and separate gas and electric meters.
Where is this duplex located?
The property is located at 208 & 210 S Adams Street Saginaw, MI.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 1,576‑SF duplex with two 2‑bedroom, 1‑bath units, fully occupied by long‑term tenants; Each unit is currently paying $850/month; tenants have been in place for 2–3 years; Separate gas and electric meters for each unit; owner pays public water/sewer, lawn and snow removal
