Duplex with Remodeled
For Sale
$289,900
5019 Glenfield Drive, Saginaw, MI 48638
Two residences provide distinct layouts, with garages serving both units.
Property Size2,128 SF
Price / SF$136.23
Days on Market34
Property Features for 5019 Glenfield Drive
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Multifamily
Building Details
Year Built
1970
Listing Agency:
RE/MAX New Image
(989) 790-0890
Listed By:
Joe Karpuk · License #6501317644
(989) 928-5882
Source:
Goodhomemi
Added: Sep 28
Changed: Oct 28
Last Checked: Oct 28 at 3:48PM
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 RE/MAX New Image
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Investment Insights
Based on property information with market context.
This 2,128-square-foot duplex, built in 1970, contains two two-bedroom units. The larger residence has 2.5 bathrooms, a basement, a living room with a gas fireplace, a Florida room with a gas heater, and a 2.5-car garage. Recent work in this unit includes flooring, paint, trim, blinds, lighting, fencing, and newer vinyl windows. The second residence has two bathrooms, including one in the basement, and a one-car garage. Both units have been remodeled.
The property is at 5019 Glenfield Drive in Saginaw Township. The current owner occupies the larger unit; the property also includes a separate second residence.
The property is at 5019 Glenfield Drive in Saginaw Township. The current owner occupies the larger unit; the property also includes a separate second residence.
Key Highlights
- 2,128‑square‑foot duplex built in 1970
- Two units, each with two bedrooms
- Larger unit has 2.5 bathrooms, a basement, and a 2.5‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,607
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,140
$252.1K
Cap Rate 7%
$180,100
$180.1K
Cap Rate 9%
$140,078
$140.1K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$19.4K $9.12/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$18.0K $8.46/SF
− OpEx
−$5.4K −$2.54/SF
NOI
$12.6K $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%
$252,140
Cap Rate 7%
$180,100
Cap Rate 9%
$140,078
Alternative Uses
Best Use
Multifamily LT 5
$180.1K
$157.6K – $210.1K
NOI $12,607 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 4.13%
Theoretical Best
Specialty Retail
$393.2K
$344.0K – $458.7K
NOI $27,521 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
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Business Placement
Demographics for 48638, MI
13,199
Population
6,479
Households
2
Avg Household Size
42
Median Age
36%
College-Educated
95%
High-School Grad
6.5 sq mi
ZIP Area
2,031
Density / Sq Mi
$63,444
Median Household Income
$44,281
Median Earnings
$948
Median Rent
$161,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide distinct layouts, with garages serving both units.
Where is this duplex located?
The property is located at 5019 Glenfield Drive Saginaw, MI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,128‑square‑foot duplex built in 1970; Two units, each with two bedrooms; Larger unit has 2.5 bathrooms, a basement, and a 2.5‑car garage
