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Three-Unit Residential Triplex
For Sale
$114,900

407 S Porter St, Saginaw, MI 48602

All residences are occupied, with separate utility meters for gas and electric service.

Property Size2,610 SF
Price / SF$44.02
Days on Market11

Property Features for 407 S Porter St

General Information

Standard status Active
Size 2,610 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 3

Building Details

Year Built 1874
Listing Agency: Berkshire Hathaway HomeServices
Listed By: Linda Sarmiento · License #SBR-6501278470
Source: Metrodetroithomeguide
Added: Oct 6 Changed: Oct 11 Last Checked: Oct 16 at 9:36AM

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 Berkshire Hathaway HomeServices

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Investment Insights

Based on property information with market context.

This 2,610-square-foot triplex, built in 1874, contains three occupied apartments. Two are one-bedroom, one-bath units; each has a kitchen, laundry, and basement access. The remaining apartment offers two bedrooms, one bath, a kitchen, and laundry. One of the one-bedroom layouts has potential to be reconfigured as a two-bedroom unit.

Gas and electric service are separately metered, while water and sewer are not. Residents handle lawn care, snow removal, and gas and electric costs; the owner pays water and sewer charges. The property is located at 407 S Porter St in Saginaw, Michigan.

Key Highlights

  • Three occupied residential units
  • 2,610 square feet; built in 1874
  • Two one‑bedroom, one‑bath apartments and one two‑bedroom, one‑bath apartment

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage HVAC Service Big Box & Wholesale Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

710
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - All residences are occupied, with separate utility meters for gas and electric service.
Where is this triplex located?
The property is located at 407 S Porter St Saginaw, MI.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: Three occupied residential units; 2,610 square feet; built in 1874; Two one‑bedroom, one‑bath apartments and one two‑bedroom, one‑bath apartment
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