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6-Unit Multifamily Apartment Building
New
For Sale
$240,000

2921 S Saginaw St, Flint, MI 48503

Multifamily property with established occupancy and tenant-paid electric utilities.

Property Size4,800 SF
Days on Market5

Property Features for 2921 S Saginaw St

General Information

Standard status Active
Size 4,800 SF
Property subtype Investment
Occupancy 83%

Additional Details

Furnished No
Opportunity Zone No
Public Transit Yes
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $3,531

Building Details

Building Size 4,800 SF
Year Built 1929
Units 6
Tenancy Multi
Listing Agency:
Listed By: Madison LaFramboise
Source: Elliman
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 11 at 9:47AM

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 Madison LaFramboise

Investment Insights

Based on property information with market context.

This 6-unit apartment building in Flint was constructed in 1929 and currently has 5 occupied units, leaving one unit available for lease-up. The existing occupancy provides an operating rental base, while the vacant unit offers an opportunity to add another resident and revenue stream.

Each tenant is responsible for their own electric utility, creating a clearly defined utility arrangement for the property. Located at 2921 S Saginaw St, the building has a Walk Score of 56, a Bike Score of 45, and a Transit Score of 30.

Key Highlights

  • 6‑unit apartment building with 5 occupied units
  • One vacant unit available for lease‑up
  • Tenants are responsible for their own electric utilities

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
83.3%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

402
Businesses Nearby

Demographics for 48503, MI

21,743
Population
11,823
Households
1.8
Avg Household Size
39
Median Age
18%
College-Educated
85%
High-School Grad
8.5 sq mi
ZIP Area
2,558
Density / Sq Mi
$40,155
Median Household Income
$29,689
Median Earnings
$842
Median Rent
$75,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with established occupancy and tenant-paid electric utilities.
Where is this apartment building located?
The property is located at 2921 S Saginaw St Flint, MI.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 6‑unit apartment building with 5 occupied units; One vacant unit available for lease‑up; Tenants are responsible for their own electric utilities
More about this property
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