5019 Glenfield Drive Saginaw, MI 48638
MULTI_FAMILY - Ranch - Saginaw, MI
Property Features for 5019 Glenfield Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Basement, Bedroom 2, Bathroom 5, Bedroom 4, Bedroom 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
- 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
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 2
- Architectural style
- Ranch
Listing agent Joe Karpuk License #6501317644 (989) 928-5882
Listing office RE/MAX New Image 1668 Midland Rd, Saginaw, MI (989) 790-0890
Listing date Jun 30, 2026
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.
The second unit is rented at $1,000 per month and the tenant is month to month. It offers two bedrooms, two bathrooms including one in the basement, and a one-car garage, and it could use a refresh, according to the remarks.
The property is located in Saginaw Township. The larger remodeled unit has an estimated rental potential of approximately $1,600 per month, providing income possibilities for future ownership.
Key Highlights
- Duplex built in 1970 with ranch architectural style
- Owner‑occupied larger remodeled unit includes 2 bedrooms, 2.5 bathrooms, basement, and large living room with gas fireplace
- Florida room with gas heater and deck/porch with fenced yard
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 | $19.4k | $9.12 |
| − Vacancy | −$1.4k | −$0.66 |
| EGI | $18.0k | $8.46 |
| − OpEx | −$5.4k | −$2.54 |
| NOI | $12.6k | $5.92 |
