Furnished Duplex with Detached
For Sale
$250,000
398 N Saginaw St, Pontiac, MI 48342
Two furnished apartments offer separate kitchens, living areas, bedrooms, and full bathrooms in an up-and-down layout.
Property Size1,620 SF
Price / SF$154.32
Days on Market90
Property Features for 398 N Saginaw St
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
full basement
detached garage
Building Details
Year Built
1910
Listing Agency:
Brookstone, Realtors LLC
Listed By:
James J Toma · License #6502406438
(248) 249-4999
Source:
Premiermichiganhomesearch
Added: Aug 1
Changed: Oct 26
Last Checked: Oct 7 at 4:59PM
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 Brookstone, Realtors LLC
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Investment Insights
Based on property information with market context.
Built in 1910, this Pontiac duplex contains two furnished apartments arranged in an upper-and-lower configuration. Each unit includes 2 bedrooms, 1 full bathroom, a kitchen, and a dedicated living area. A full basement provides storage space, while the detached 2.5-car garage adds covered parking and utility for the property.
The property is located at 398 N Saginaw St near Downtown Pontiac, with access to I-75 and M-59. Great Lakes Mall, restaurants, and local amenities are also nearby. The separate unit layouts and existing furnishings provide a defined configuration for an income-property owner or an occupant using one apartment while leasing the other.
The property is located at 398 N Saginaw St near Downtown Pontiac, with access to I-75 and M-59. Great Lakes Mall, restaurants, and local amenities are also nearby. The separate unit layouts and existing furnishings provide a defined configuration for an income-property owner or an occupant using one apartment while leasing the other.
Key Highlights
- Two‑unit duplex with an upper‑and‑lower apartment layout
- Each unit includes 2 bedrooms and 1 full bathroom
- Both apartments are furnished and have separate kitchens and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,443
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,860
$428.9K
Cap Rate 7%
$306,329
$306.3K
Cap Rate 9%
$238,256
$238.3K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$32.1K $19.80/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$30.6K $18.91/SF
− OpEx
−$9.2K −$5.67/SF
NOI
$21.4K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,860
Cap Rate 7%
$306,329
Cap Rate 9%
$238,256
Alternative Uses
Best Use
Multifamily LT 5
$306.3K
$268.0K – $357.4K
NOI $21,443 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$283.9K
$248.4K – $331.2K
NOI $19,871 @ 7.0% cap · market cap 7.95%
Theoretical Best
Specialty Retail
$349.4K
$305.7K – $407.7K
NOI $24,459 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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Business Placement
Demographics for 48342, MI
18,685
Population
7,559
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
76%
High-School Grad
5.2 sq mi
ZIP Area
3,593
Density / Sq Mi
$33,750
Median Household Income
$29,970
Median Earnings
$851
Median Rent
$90,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two furnished apartments offer separate kitchens, living areas, bedrooms, and full bathrooms in an up-and-down layout.
Where is this duplex located?
The property is located at 398 N Saginaw St Pontiac, MI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex with an upper‑and‑lower apartment layout; Each unit includes 2 bedrooms and 1 full bathroom; Both apartments are furnished and have separate kitchens and living areas
