403 N Fayette Street Saginaw, MI 48602
MULTI_FAMILY - Victorian - Saginaw, MI
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 12:06 am
Property Features for 403 N Fayette Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Basement
- Parking features
- Assigned
- Patio and Porch features
- Porch
- Interior features
- Bay Window, Cable/Internet Avail., Hardwood Floors, Window Treatment(s)
- Exterior features
- Porch, Sidewalks, Street Lights
- Standard status
- Active
- APN
- 16 0202 00000
- Size
- 3,044 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3440
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1884
- Floors in Building
- 2
- Number of units
- 4
- Architectural style
- Victorian
Listing agent Angie Muehlfeld License #6506047050 (989) 239-7486
Listing office Century 21 Signature - Frankenmuth 160 S Main Street Suite #1, Saginaw, MI (989) 652-6080
Listing date Jul 10, 2026
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.
The property is located at 403 N Fayette Street in Saginaw, Michigan, and is described as being close to Michigan and Court St, with downtown Saginaw nearby.
The offering is listed as a for-sale multi-family property.
Key Highlights
- Four‑unit multifamily rental: three 2‑bedroom/1‑bath units are rented; one 1‑bedroom/1‑bath unit is vacant
- Built in 1884 with Victorian architectural style
- Hardwood floors and bay window interior features
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.8k | $9.12 |
| − Vacancy | −$2.0k | −$0.66 |
| EGI | $25.8k | $8.46 |
| − OpEx | −$7.7k | −$2.54 |
| NOI | $18.0k | $5.92 |
