Two-Unit Duplex with Private
For Sale
$90,000
402 S Andre Street, Saginaw, MI 48602
MULTIFAMILY, Saginaw, MI
Property Size1,118 SF
Lot Size0.13 Acres
Price / SF$80.50
Days on Market11
Property Features for 402 S Andre Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Living Room, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Porch
Exterior features
Porch, Sidewalks, Street Lights
Subdivision
HITCHCOCKS ADDITION
Lot features
Corner Lot
Elementary school district
Saginaw City School District
Middle school district
Saginaw City School District
High school district
Saginaw City School District
Standard status
Active
APN
20 2521 00000
Size
1,118 SF
Lot size
0.13 Acres
Additional Details
Individually Metered Utilities
electric, gas, water
Taxes and HOA fees
Tax Annual Amount
2100
Utilities
Heating system
Floor Furnace, Forced Air
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Architectural style
Bungalow
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Kristine Jamino
(989) 964-9237
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 29 at 12:06AM
MLS# 50225319
Copyright © 2026 Saginaw Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,118-square-foot duplex contains two one-bedroom apartments, each with a bathroom, living room, and private driveway. Updates include a new roof, a furnace in each apartment, a new hot water tank, fresh paint, carpeting, and linoleum flooring. The property also includes a porch and sits on a 0.13-acre corner lot.
Built in 1880, the bungalow-style property has public water and separate electric, gas, and water utilities for the apartments. Sidewalks and street lights are among the listed exterior features.
Built in 1880, the bungalow-style property has public water and separate electric, gas, and water utilities for the apartments. Sidewalks and street lights are among the listed exterior features.
Key Highlights
- Two one‑bedroom apartments in a 1,118‑square‑foot duplex
- Separate electric, gas, and water utilities
- Each apartment has its own private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,623
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,460
$132.5K
Cap Rate 7%
$94,614
$94.6K
Cap Rate 9%
$73,589
$73.6K
Market Conditions
NOI Build-Up for 1,118 SF
Gross rent
$10.2K $9.12/SF
− Vacancy
−$734 −$0.66/SF
EGI
$9.5K $8.46/SF
− OpEx
−$2.8K −$2.54/SF
NOI
$6.6K $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%
$132,460
Cap Rate 7%
$94,614
Cap Rate 9%
$73,589
Alternative Uses
Best Use
Multifamily LT 5
$94.6K
$82.8K – $110.4K
NOI $6,623 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$89.9K
$78.6K – $104.9K
NOI $6,291 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$206.6K
$180.7K – $241.0K
NOI $14,459 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 48602, MI
27,613
Population
12,286
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
7.8 sq mi
ZIP Area
3,540
Density / Sq Mi
$46,068
Median Household Income
$29,611
Median Earnings
$902
Median Rent
$70,200
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 - Separate electric, gas, and water service supports independent utility management for the two apartments.
Where is this duplex located?
The property is located at 402 S Andre Street Saginaw, MI.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Two one‑bedroom apartments in a 1,118‑square‑foot duplex; Separate electric, gas, and water utilities; Each apartment has its own private driveway
