Remodeled Two-Unit
For Sale
$289,900
5019 Glenfield Drive, Saginaw, MI 48638
MULTIFAMILY, Saginaw, MI
Property Size2,128 SF
Lot Size0.31 Acres
Price / SF$136.23
Days on Market18
Property Features for 5019 Glenfield Drive
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning description
Residential
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 4, Bathroom 5, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 1
Parking features
Garage
Patio and Porch features
Deck, Porch
Exterior features
Deck, Fenced Yard, Porch
Fencing
Fenced
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
Centerview Estates
Lot features
Subdivision
Elementary school district
Saginaw Twp Community School
Middle school district
Saginaw Twp Community School
High school district
Saginaw Twp Community School
Standard status
Active
APN
23-12-4-20-4638-000
Size
2,128 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
4896
Utilities
Heating system
Oil
Cooling system
Wall/Window Unit(s), Ceiling Fan(s)
Water source
Public
Amenities
gas fireplace
Florida room
Building Details
Year built
1970
Floors in Building
1
Number of units
2
Architectural style
Ranch
Listing Agency:
RE/MAX New Image · RE/MAX International
(989) 790-0890
Listed By:
Joe Karpuk · License #6501317644
(989) 928-5882
Added: Sep 28
Changed: Oct 14
Last Checked: Oct 15 at 2:06AM
MLS# 50223190
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 ranch-style duplex contains 2,128 square feet across two two-bedroom residences on a 0.31-acre parcel. The larger unit has 2.5 bathrooms, a basement, living room with a gas fireplace, a 2.5-car garage, and a Florida room with a gas heater. Its reported renovations include flooring, paint, trim, blinds, lighting, fencing, and vinyl windows. The second residence has two bathrooms, including one in the basement, and a one-car garage; it has also been remodeled.
The property is located in Saginaw Township. Built in 1970, it has a deck, porch, and fenced yard.
The property is located in Saginaw Township. Built in 1970, it has a deck, porch, and fenced yard.
Key Highlights
- Two dwelling units, each with two bedrooms
- 2,128 square feet on a 0.31‑acre lot
- Larger unit includes a 2.5‑car garage, basement, gas fireplace, and heated Florida room
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
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer two-bedroom 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: Two dwelling units, each with two bedrooms; 2,128 square feet on a 0.31‑acre lot; Larger unit includes a 2.5‑car garage, basement, gas fireplace, and heated Florida room
