4-Unit Residential Income
For Sale
$174,900
710 Chesaning Street, Saint Charles, MI 48655
MULTIFAMILY, Saint Charles, MI
Property Size2,716 SF
Lot Size0.61 Acres
Price / SF$64.40
Days on Market367
Property Features for 710 Chesaning Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 2
Subdivision
St Charles Township
Elementary school district
St Charles Community Schools
Middle school district
St Charles Community Schools
High school district
St Charles Community Schools
Standard status
Active
APN
24-10-3-05-0934-000
Size
2,716 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5929
Utilities
Heating system
Forced Air, Oil
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Listing Agency:
Century 21 Signature Realty · Century 21 Real Estate
(989) 921-7000
Listed By:
Mark Greskowiak · License #6506036834
(989) 781-6979
Added: Oct 5, 2025
Changed: Sep 28
Last Checked: Oct 6 at 6:06AM
MLS# 50190549
Copyright © 2026 Multiple Listing Service MiRealSource. 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 four-unit residential property contains 2,716 square feet across two levels. The first floor has two apartments, each with two bedrooms and one bathroom; upstairs are two one-bedroom, one-bathroom apartments. Three of the four units are occupied. The building dates to 1900 and uses forced-air, oil-fired heat.
The property occupies a 0.61-acre lot at 710 Chesaning Street in Saint Charles, Michigan. Public water serves the property.
The property occupies a 0.61-acre lot at 710 Chesaning Street in Saint Charles, Michigan. Public water serves the property.
Key Highlights
- Four apartments: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units
- Three of four units are occupied
- 2,716 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,091
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,820
$321.8K
Cap Rate 7%
$229,871
$229.9K
Cap Rate 9%
$178,789
$178.8K
Market Conditions
NOI Build-Up for 2,716 SF
Gross rent
$24.8K $9.12/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$23.0K $8.46/SF
− OpEx
−$6.9K −$2.54/SF
NOI
$16.1K $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%
$321,820
Cap Rate 7%
$229,871
Cap Rate 9%
$178,789
Alternative Uses
Best Use
Multifamily LT 5
$229.9K
$201.1K – $268.2K
NOI $16,091 @ 7.0% cap · market cap 9.20%
Second Best
Apartment 5plus
$218.3K
$191.1K – $254.7K
NOI $15,284 @ 7.0% cap · market cap 8.74%
Theoretical Best
Specialty Retail
$501.8K
$439.1K – $585.4K
NOI $35,126 @ 7.0% cap · market cap 20.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 48655, MI
6,033
Population
2,469
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
94%
High-School Grad
93.9 sq mi
ZIP Area
64
Density / Sq Mi
$64,615
Median Household Income
$43,918
Median Earnings
$633
Median Rent
$157,100
Median Home Value
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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?
Quadplex - Four apartments offer a mix of two- and one-bedroom layouts, with three units occupied.
Where is this quadplex located?
The property is located at 710 Chesaning Street Saint Charles, MI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom, 1‑bath units and two 1‑bedroom, 1‑bath units; Three of four units are occupied; 2,716 square feet of building area
