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Remodeled Three-Unit Apartment Building
For Sale
$125,000
Pending

603 N Granger St, Saginaw, MI 48602

Recently remodeled three-unit apartment building with immediate cash flow.

Property Size2,152 SF
Lot Size0.14 Acres
Days on Market152

Property Features for 603 N Granger St

General Information

Standard status Pending
Size 2,152 SF
Lot size 0.14 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $3,851

Building Details

Building Size 2,152 SF
Year Built 1854
Units 3
Listing Agency:
Listed By: Sarah Gilbert
Source: Elliman
Added: Mar 23 Changed: Aug 15 Last Checked: Aug 21 at 8:32AM

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 Sarah Gilbert

Investment Insights

Based on property information with market context.

This recently remodeled three-unit apartment building presents an opportunity for investors or homeowners seeking rental income. Two units are currently rented, providing immediate cash flow, while the third unit is ready for additional income. Unit 1, featuring 2 bedrooms and 1 bathroom, has been remodeled and is currently vacant. Unit 2, also with 2 bedrooms and 1 bathroom, is rented for $725. Unit 3, a 1-bedroom, 1-bathroom unit, is rented for $625. The building features new siding and a new roof. The interiors have been completely remodeled, with updated bathrooms and kitchens featuring modern finishes, new fixtures, and stylish flooring.

Key Highlights

  • Immediate cash flow from two rented units.
  • Recently remodeled interiors**, including bathrooms and kitchens with modern finishes.
  • Three‑unit building provides investment or owner‑occupancy with rental income potential.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Electrical Service Parking Lot & Garage Kitchen & Bath Showroom Accounting Firm Garden Center

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

Location Intelligence

Trade Area within ½ mile

1,226
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

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Recently remodeled three-unit apartment building with immediate cash flow.
Where is this triplex located?
The property is located at 603 N Granger St Saginaw, MI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Immediate cash flow from two rented units.; Recently remodeled interiors**, including bathrooms and kitchens with modern finishes.; Three‑unit building provides investment or owner‑occupancy with rental income potential.
More about this property
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