Duplex with Private
New
For Sale
$249,900
2955 Whitfield Dr, Saginaw, MI 48603
Both units include two bedrooms, one bathroom, and an attached garage.
Property Size1,889 SF
Price / SF$132.29
Days on Market7
Property Features for 2955 Whitfield Dr
General Information
Standard status
Active
Size
1,889 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
Private Patio
Partially Fenced Backyard
Storage Shed
Building Details
Year Built
1957
Buildings
1
Construction
Brick
Listing Agency:
Tower Real Estate
(313) 505-3713
Listed By:
NextHome Evolution
(734) 822-6006
Source:
Nhevolutionmi
Added: Sep 30
Changed: Oct 6
Last Checked: Oct 5 at 7:05PM
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 Tower Real Estate
Investment Insights
Based on property information with market context.
Built in 1957, this 1,889-square-foot brick duplex contains two rental units. Each has two bedrooms, one full bathroom, an attached one-car garage, and a private patio. The property also includes a partially fenced backyard and a storage shed for lawn and garden equipment.
Separate water heaters were replaced in 2020 and 2024. A 14-month home warranty is included at closing.
Separate water heaters were replaced in 2020 and 2024. A 14-month home warranty is included at closing.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,889‑square‑foot brick duplex built in 1957
- Attached one‑car garage and private patio for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,191
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,820
$223.8K
Cap Rate 7%
$159,871
$159.9K
Cap Rate 9%
$124,344
$124.3K
Market Conditions
NOI Build-Up for 1,889 SF
Gross rent
$17.2K $9.12/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$16.0K $8.46/SF
− OpEx
−$4.8K −$2.54/SF
NOI
$11.2K $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%
$223,820
Cap Rate 7%
$159,871
Cap Rate 9%
$124,344
Alternative Uses
Best Use
Multifamily LT 5
$159.9K
$139.9K – $186.5K
NOI $11,191 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$151.9K
$132.9K – $177.2K
NOI $10,630 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$349.0K
$305.4K – $407.2K
NOI $24,430 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both units include two bedrooms, one bathroom, and an attached 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 $249,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,889‑square‑foot brick duplex built in 1957; Attached one‑car garage and private patio for each unit
