Two-Unit Duplex with Private
New
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 Market1
Property Features for 402 S Andre Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
2
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 1, Living Room
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
Taxes and HOA fees
Tax Annual Amount
2100
Utilities
Heating system
Forced Air, Floor Furnace
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Architectural style
Bungalow
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Kristine Jamino
(989) 964-9237
Added: Oct 19
Last Checked: Oct 19 at 4:06PM
MLS# 50225319
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.
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Investment Insights
Based on property information with market context.
This 1,118-square-foot duplex at 402 S Andre Street in Saginaw contains two one-bedroom apartments. Updates include fresh paint, new carpeting, and new linoleum flooring. Each apartment has a private driveway, and the property sits on a 0.13-acre corner lot.
Built in 1880, the bungalow-style property also has a porch. Electric, gas, and water utilities are separate between the apartments.
Built in 1880, the bungalow-style property also has a porch. Electric, gas, and water utilities are separate between the apartments.
Key Highlights
- Two one‑bedroom apartments
- 1,118 square feet on a 0.13‑acre corner lot
- Private driveway for each apartment
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.
How Realmo checks its estimates
Property Analytics
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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 serves each apartment.
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; 1,118 square feet on a 0.13‑acre corner lot; Private driveway for each apartment
