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3-Unit Triplex
New
For Sale
$114,900

407 S Porter Street, Saginaw, MI 48602

MULTIFAMILY, Saginaw, MI

Property Size2,610 SF
Lot Size0.13 Acres
Price / SF$44.02
Days on Market3

Property Features for 407 S Porter Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 3
Half bathrooms 1
Rooms Bedroom 1, Bathroom 2, Bedroom 4, Basement, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3
Patio and Porch features Porch
Exterior features Porch, Sidewalks
Elementary school district Saginaw City School District
Middle school district Saginaw City School District
High school district Saginaw City School District
Subdivision Saginaw (73039)
Standard status Active
APN 17-0342-00000
Size 2,610 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Annual Amount 2335

Utilities

Heating system Forced Air
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1874
Floors in Building 2
Number of units 3
Listing Agency: Berkshire Hathaway HomeServices
Listed By: Linda Sarmiento · License #SBR-6501278470
Added: Oct 8 Last Checked: Oct 10 at 10:06AM
MLS# 50224272

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.

Investment Insights

Based on property information with market context.

This 2,610-square-foot triplex contains three occupied residences on a 0.13-acre lot. The main-floor apartment has one bedroom, one bathroom, laundry, and basement access. A second first-floor unit offers one bedroom, one bathroom, a kitchen, laundry, and basement access; the layout may allow for a second bedroom. The larger second-floor apartment includes two bedrooms, one bathroom, a kitchen, and laundry. Built in 1874, the property also has a porch.

Gas and electric service are separately metered by unit. Water and sewer are not separately metered; the landlord covers those services, while tenants handle gas, electric, lawn care, and snow removal. Heating is forced air, with window-unit cooling.

Key Highlights

  • Three residences are occupied
  • 2,610 square feet on a 0.13‑acre lot
  • Unit mix: two 1‑bedroom apartments and one 2‑bedroom 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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Each residence has laundry, and all three are currently occupied.
Where is this triplex located?
The property is located at 407 S Porter Street 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 residences are occupied; 2,610 square feet on a 0.13‑acre lot; Unit mix: two 1‑bedroom apartments and one 2‑bedroom apartment
More about this property
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