307 N Line St, Chesaning, MI 48616

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For Sale

$174,900

Duplexes

Type:Investment

Property size:

2,002 SF

Price / SF:

$87/SF

HighLights

Strong, profitable rental history makes this duplex a smart investment.
Well‑maintained duplex featuring two units, perfect for tenants or owner‑occupancy.
Enjoy the convenience of separate driveways and separately metered utilities for each unit.
Recent updates include roof (2016 & 2023) and newer windows in both units.
Walking distance to downtown Chesaning offers easy access to local amenities.
Tenants responsible for all utilities, lawn maintenance, and snow removal.

We can help!

Listing Contact

Richard Righi

Learn more

For Sale

$174,900

Duplexes

Type:Investment

Property size:

2,002 SF

Price / SF:

$87/SF

Added:: Apr 27, 2026
Days on Market:: 52
Last Refresh:: Apr 27 at 11:16 am

Property Features for 307 N Line St

General Information

Standard status: Active
Size: 2,002 SF
Property subtype: Investment

Building Details

Year Built: 1900

We can help!

Listing Contact

Richard Righi

Listing agent Richard Righi License #6501342322

Listing office

Listing date Apr 27, 2026

Source Elliman

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 Richard Righi

HighLights

Strong, profitable rental history makes this duplex a smart investment.
Well‑maintained duplex featuring two units, perfect for tenants or owner‑occupancy.
Enjoy the convenience of separate driveways and separately metered utilities for each unit.
Recent updates include roof (2016 & 2023) and newer windows in both units.
Walking distance to downtown Chesaning offers easy access to local amenities.
Tenants responsible for all utilities, lawn maintenance, and snow removal.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.3k	$9.12
− Vacancy	−$1.3k	−$0.66
EGI	$16.9k	$8.46
− OpEx	−$5.1k	−$2.54
NOI	$11.9k	$5.92

2,002 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$169.4K

$148.3K – $197.7K (±1% cap)

NOI $11,861 @ 7.0% cap · market cap 6.78%

Second Best

Apartment 5plus

$160.9K

$140.8K – $187.8K (±1% cap)

NOI $11,266 @ 7.0% cap · market cap 6.44%

Theoretical Best

Specialty Retail

$369.9K

$323.7K – $431.5K (±1% cap)

NOI $25,892 @ 7.0% cap · market cap 14.80%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Chesaning
County: Saginaw
State: Michigan
Longitude: -84.11947
Latitude: 43.188114

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For sale
Duplexes
MI
Chesaning
48616
307 N Line St

Where is this duplex located?

The property is located at 307 N Line St Chesaning, MI.

What is the asking price?

The asking price for this property is $174,900.

What are key features of this property?

This property features: Strong, profitable rental history makes this duplex a smart investment.; Well‑maintained duplex featuring two units, perfect for tenants or owner‑occupancy.; Enjoy the convenience of separate driveways and separately metered utilities for each unit.