218 Lincoln Street Chesaning, MI 48616
MULTI_FAMILY - Other - Chesaning, MI
Property Features for 218 Lincoln Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2
- Patio and Porch features
- Porch
- Interior features
- Cable/Internet Avail.
- Exterior features
- Porch, Sidewalks
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 13-09-3-16-0387-000
- Size
- 1,394 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3161
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Other
Listing agent Janet Kovach License #6502138651 (989) 262-7007
Listing office RE/MAX New Image 1668 Midland Rd, Saginaw, MI (989) 790-0890
Listing date Jun 15, 2026
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.
The property is located at 218 Lincoln Street in Chesaning, Michigan (Saginaw County). It sits on a small lot measured at 0.2 acres and is listed for sale.
With 1,394 square feet of total property size, the building is set up for residential rental use with utility arrangements already in place.
Key Highlights
- Investment property with long‑term rental history; tenants pay heat & electric and owner pays water
- Year built 1920 with 2 bedrooms and 2 bathrooms
- Forced‑air heating and ceiling fan cooling
Local 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 | $12.7k | $9.12 |
| − Vacancy | −$915 | −$0.66 |
| EGI | $11.8k | $8.46 |
| − OpEx | −$3.5k | −$2.54 |
| NOI | $8.3k | $5.92 |
