Duplex With Private
For Sale
$139,000
346 Weiss St, Saginaw, MI 48604
Recently renovated two-unit property with one leased residence and one available for occupancy or rent.
Property Size1,948 SF
Price / SF$71.36
Days on Market52
Property Features for 346 Weiss St
General Information
Standard status
Active
Size
1,948 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
private laundry room
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Apex Realty Group
(616) 277-1463
Listed By:
Oak & Stone Real Estate
(248) 266-0584
Source:
Oakandstonerealestate
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 1 at 5:40AM
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 Apex Realty Group
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Investment Insights
Based on property information with market context.
This 1,948-square-foot duplex contains two separate three-bedroom, one-bath residences, each with its own laundry room and living area. Recent work includes a new roof, new siding, fresh interior paint, and a new kitchen in one unit. Appliance packages vary: one residence includes a full set, while the other has a refrigerator and stove.
One unit is leased, while the second is vacant and available for an owner occupant or a new tenant. The property sits at the corner of Weiss and Eddy and offers access to major roads, shopping, restaurants, schools, and everyday amenities. Built in 1960, the duplex provides a combination of updated building components and flexible occupancy options.
One unit is leased, while the second is vacant and available for an owner occupant or a new tenant. The property sits at the corner of Weiss and Eddy and offers access to major roads, shopping, restaurants, schools, and everyday amenities. Built in 1960, the duplex provides a combination of updated building components and flexible occupancy options.
Key Highlights
- Two 3‑bedroom, 1‑bath units totaling 1,948 SF
- Private laundry room in each residence
- New roof, siding, and interior paint completed recently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,541
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,820
$230.8K
Cap Rate 7%
$164,871
$164.9K
Cap Rate 9%
$128,233
$128.2K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$17.8K $9.12/SF
− Vacancy
−$1.3K −$0.66/SF
EGI
$16.5K $8.46/SF
− OpEx
−$4.9K −$2.54/SF
NOI
$11.5K $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%
$230,820
Cap Rate 7%
$164,871
Cap Rate 9%
$128,233
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,541 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$156.6K
$137.0K – $182.7K
NOI $10,962 @ 7.0% cap · market cap 7.89%
Theoretical Best
Specialty Retail
$359.9K
$314.9K – $419.9K
NOI $25,193 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
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Business Placement
Demographics for 48604, MI
12,386
Population
4,603
Households
2.7
Avg Household Size
29
Median Age
24%
College-Educated
95%
High-School Grad
26.3 sq mi
ZIP Area
471
Density / Sq Mi
$53,804
Median Household Income
$18,887
Median Earnings
$928
Median Rent
$93,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Recently renovated two-unit property with one leased residence and one available for occupancy or rent.
Where is this duplex located?
The property is located at 346 Weiss St Saginaw, MI.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units totaling 1,948 SF; Private laundry room in each residence; New roof, siding, and interior paint completed recently
