Remodeled
New
For Sale
$159,900
2219 Marshall Ct, Saginaw, MI 48602
Each residence offers two bedrooms, one bathroom, and a separate living area.
Property Size1,984 SF
Days on Market3
Property Features for 2219 Marshall Ct
General Information
Standard status
Active
Size
1,984 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,479
Building Details
Building Size
1,984 SF
Year Built
1948
Units
2
Listing Agency:
Century 21 Signature Realty
Listed By:
Marie Glinski · License #6501354056
(989) 859-9435
Source:
Elliman
Added: Oct 30
Last Checked: Nov 1 at 6:08AM
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
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with a living area, two bedrooms, and one bathroom. Improvements made within the past 10 years include replacement drywall installed down to the studs, plumbing, windows, kitchens, and bathrooms. The property also has two hot water heaters and two furnaces.
Built in 1948, the building is located at 2219 Marshall Ct in Saginaw, Michigan. WalkScore is 49, identified as car-dependent, and BikeScore is 51, identified as bikeable.
Built in 1948, the building is located at 2219 Marshall Ct in Saginaw, Michigan. WalkScore is 49, identified as car-dependent, and BikeScore is 51, identified as bikeable.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Updates within the last 10 years include drywall, plumbing, windows, kitchens, and bathrooms
- Equipped with 2 hot water heaters and 2 furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,754
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,080
$235.1K
Cap Rate 7%
$167,914
$167.9K
Cap Rate 9%
$130,600
$130.6K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$18.1K $9.12/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$16.8K $8.46/SF
− OpEx
−$5.0K −$2.54/SF
NOI
$11.8K $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%
$235,080
Cap Rate 7%
$167,914
Cap Rate 9%
$130,600
Alternative Uses
Best Use
Multifamily LT 5
$167.9K
$146.9K – $195.9K
NOI $11,754 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$159.5K
$139.6K – $186.1K
NOI $11,165 @ 7.0% cap · market cap 6.98%
Theoretical Best
Specialty Retail
$366.6K
$320.7K – $427.7K
NOI $25,659 @ 7.0% cap · market cap 16.05%
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
451
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 residence offers two bedrooms, one bathroom, and a separate living area.
Where is this duplex located?
The property is located at 2219 Marshall Ct Saginaw, MI.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Updates within the last 10 years include drywall, plumbing, windows, kitchens, and bathrooms; Equipped with 2 hot water heaters and 2 furnaces
