Well-Maintained Duplex
For Sale
$259,900
2955 Whitfield Dr, Saginaw, MI 48603
Brick duplex with two 2-bedroom units, each with a private patio and attached one-car garage.
Days on Market9
Property Features for 2955 Whitfield Dr
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Building Size
1,889 SF
Year Built
1957
Construction
brick
Tenancy
Multi
Listing Agency:
Century 21 Signature Realty
(989) 239-2895
Listed By:
Connie Reppuhn · License #6501253246
(989) 239-2895
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 1 at 7:41AM
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
Investment Insights
Based on property information with market context.
Well-maintained brick duplex rental located in Saginaw Charter Township. The property offers two spacious units, and each unit includes 2 bedrooms, 1 full bathroom, an attached one-car garage, and a private patio. A partially fenced, large backyard provides shared outdoor space, and there is an on-site storage shed for lawn and garden equipment.
Recent improvements include separate water heater replacements in 2020 and 2024. A 14-month home warranty is included at closing.
Designed as a straightforward rental configuration with attached parking and dedicated outdoor space for each unit, this duplex provides a practical setup for long-term residential income.
Recent improvements include separate water heater replacements in 2020 and 2024. A 14-month home warranty is included at closing.
Designed as a straightforward rental configuration with attached parking and dedicated outdoor space for each unit, this duplex provides a practical setup for long-term residential income.
Key Highlights
- Brick full duplex built in 1957 with two spacious 2‑bedroom units
- Each unit offers 1 full bathroom, a private patio, and an attached one‑car garage
- Separate water heater replacements in 2020 and 2024
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 | $17.2k | $9.12 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $16.0k | $8.46 |
| − OpEx | −$4.8k | −$2.54 |
| NOI | $11.2k | $5.92 |
1,889 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$159.9K
$139.9K – $186.5K
NOI $11,191 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$151.9K
$132.9K – $177.2K
NOI $10,630 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 48603, MI
27,492
Population
13,367
Households
2.1
Avg Household Size
43
Median Age
37%
College-Educated
94%
High-School Grad
18.2 sq mi
ZIP Area
1,511
Density / Sq Mi
$65,690
Median Household Income
$41,661
Median Earnings
$1,019
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with two 2-bedroom units, each with a private patio and attached one-car garage.
Where is this duplex located?
The property is located at 2955 Whitfield Dr Saginaw, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Brick full duplex built in 1957 with two spacious 2‑bedroom units; Each unit offers 1 full bathroom, a private patio, and an attached one‑car garage; Separate water heater replacements in 2020 and 2024
