Duplex with Attached
For Sale
$284,900
Pending
3072 Silverwood Drive, Saginaw, MI 48603
MULTIFAMILY, Saginaw, MI
Property Size2,592 SF
Lot Size0.31 Acres
Days on Market49
Property Features for 3072 Silverwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2
Subdivision
.
Elementary school district
Saginaw Twp Community School
Middle school district
Saginaw Twp Community School
High school district
Saginaw Twp Community School
Standard status
Pending
APN
23-12-4-10-3005-105
Size
2,592 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7048
Utilities
Heating system
Forced Air
Water source
Public
Amenities
main floor laundry
full basement
covered patio
Building Details
Year built
2001
Floors in Building
1
Number of units
2
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Kelly Wolf · License #SBR-6501410418
(989) 928-3986
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 30 at 6:06PM
MLS# 50214642
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.
Investment Insights
Based on property information with market context.
This 2,592-square-foot duplex on 0.31 acres was built in 2001 and contains two residential units. Each unit provides 2 bedrooms, 2 full bathrooms, main-floor laundry, a full basement with an egress window, and a covered patio. The property also includes an attached 2-car garage, separate utilities for each unit, forced-air heating, and public water service.
Located in Saginaw, Michigan, the property offers a two-unit configuration with clearly separated utility service. The basement areas, garage, patios, and individual unit layouts add functional components to the overall residential income property.
Located in Saginaw, Michigan, the property offers a two-unit configuration with clearly separated utility service. The basement areas, garage, patios, and individual unit layouts add functional components to the overall residential income property.
Key Highlights
- 2,592‑square‑foot duplex on 0.31 acres
- Two units, each with 2 bedrooms and 2 full bathrooms
- Main‑floor laundry, full basement, egress window, and covered patio in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,120
$307.1K
Cap Rate 7%
$219,371
$219.4K
Cap Rate 9%
$170,622
$170.6K
Market Conditions
NOI Build-Up for 2,592 SF
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.
Gross rent
$23.6K $9.12/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$21.9K $8.46/SF
− OpEx
−$6.6K −$2.54/SF
NOI
$15.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,120
Cap Rate 7%
$219,371
Cap Rate 9%
$170,622
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$192.0K – $255.9K
NOI $15,356 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$208.4K
$182.3K – $243.1K
NOI $14,586 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$478.9K
$419.0K – $558.7K
NOI $33,522 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
307
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 - Two balanced residences feature bedrooms, full bathrooms, laundry areas, basement space, and covered patios.
Where is this duplex located?
The property is located at 3072 Silverwood Drive Saginaw, MI.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: 2,592‑square‑foot duplex on 0.31 acres; Two units, each with 2 bedrooms and 2 full bathrooms; Main‑floor laundry, full basement, egress window, and covered patio in each unit
