Updated 2-Unit
New
For Sale
$159,900
2219 Marshall Court, Saginaw, MI 48602
MULTIFAMILY, Saginaw, MI
Property Size1,984 SF
Lot Size0.12 Acres
Price / SF$80.59
Days on Market3
Property Features for 2219 Marshall Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
Appliances
Dishwasher, Range/Oven, Refrigerator
Elementary school district
Saginaw City School District
Middle school district
Saginaw City School District
High school district
Saginaw City School District
Subdivision
Saginaw (73039)
Standard status
Active
APN
13 2769 00000
Size
1,984 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2479
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
Century 21 Signature Realty (Freeland) · Century 21 Real Estate
(989) 921-7000
Listed By:
Marie Glinski · License #6501354056
(989) 859-9435
Added: Oct 29
Last Checked: Oct 31 at 3:06AM
MLS# 50226257
Copyright © 2026 Multiple Listing Service MiRealSource. 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 1,984-square-foot duplex contains two residences, each configured with two bedrooms and one bathroom. Work completed within the past 10 years includes replacement of drywall down to the framing, plumbing, windows, kitchens, bathrooms, two furnaces, and two water heaters. The property was built in 1948 on a 0.12-acre lot.
Heating is forced air, with central air conditioning and ceiling fans. Public water service is available, and the listed appliances include a dishwasher, range/oven, and refrigerator.
Heating is forced air, with central air conditioning and ceiling fans. Public water service is available, and the listed appliances include a dishwasher, range/oven, and refrigerator.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,984 square feet on a 0.12‑acre lot
- Interior and building‑system updates completed within the past 10 years
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 has two bedrooms and one bathroom, with substantial interior and system work completed within the past decade.
Where is this duplex located?
The property is located at 2219 Marshall Court 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 residences, each with 2 bedrooms and 1 bathroom; 1,984 square feet on a 0.12‑acre lot; Interior and building‑system updates completed within the past 10 years
