Flexible Colonial
For Sale
$269,900
800 S Center Road, Saginaw, MI 48638
MULTIFAMILY, Saginaw, MI
Property Size2,746 SF
Lot Size0.38 Acres
Price / SF$98.29
Days on Market14
Property Features for 800 S Center Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bathroom 1
Patio and Porch features
Porch, Deck
Interior features
9 ft + Ceilings, Interior Balcony, Ceramic Floors, Hardwood Floors, Walk-In Closet
Exterior features
Deck, Porch, Exterior Balcony
Appliances
Range/Oven, Refrigerator
Lot features
Main Street, Deep Lot - 150+ Ft., Treed
Elementary school district
Saginaw Twp Community School
Middle school district
Saginaw Twp Community School
High school district
Saginaw Twp Community School
Subdivision
Saginaw Twp (73020)
Standard status
Active
APN
23-12-4-29-4015-000
Size
2,746 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
4519
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
wraparound deck
upper balcony
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Architectural style
Colonial
Listing Agency:
Berkshire Hathaway HomeServices
(989) 790-9292
Listed By:
Josh Moore · License #SBR-6501411187
(989) 714-9732
Added: Aug 21
Changed: Sep 2
Last Checked: Sep 3 at 11:06AM
MLS# 50219382
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 Colonial duplex property, built in 1910, provides 2,746 square feet with 4 bedrooms, 3 full baths, and a full basement. The addition includes a private bedroom and full bath, creating a distinct living area within the overall layout. Interior features include spacious rooms, larger closets, hardwood and ceramic flooring, a walk-in closet, and 9 ft + ceilings. Updated electrical, a furnace approximately 4 years old, a water heater approximately 5 years old, and recently installed central air add to the property’s functionality.
Outdoor improvements include a wraparound deck, upper balcony, porch, U-shaped driveway, and 1.5-car garage. The property occupies 0.38 acres at 800 S Center Road in Saginaw, MI, within Saginaw Township. The majority of the roof is approximately 9 years old, while the addition roof and section to the peak are approximately 2 years old; some windows are newer.
Outdoor improvements include a wraparound deck, upper balcony, porch, U-shaped driveway, and 1.5-car garage. The property occupies 0.38 acres at 800 S Center Road in Saginaw, MI, within Saginaw Township. The majority of the roof is approximately 9 years old, while the addition roof and section to the peak are approximately 2 years old; some windows are newer.
Key Highlights
- 2,746 square feet with 4 bedrooms and 3 full baths
- Addition includes 1 bedroom and 1 full bath
- Full basement and 1.5‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,268
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$325,360
$325.4K
Cap Rate 7%
$232,400
$232.4K
Cap Rate 9%
$180,756
$180.8K
Market Conditions
NOI Build-Up for 2,746 SF
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.
Gross rent
$25.0K $9.12/SF
− Vacancy
−$1.8K −$0.66/SF
EGI
$23.2K $8.46/SF
− OpEx
−$7.0K −$2.54/SF
NOI
$16.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$325,360
Cap Rate 7%
$232,400
Cap Rate 9%
$180,756
Alternative Uses
Best Use
Multifamily LT 5
$232.4K
$203.4K – $271.1K
NOI $16,268 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$220.8K
$193.2K – $257.6K
NOI $15,453 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Separate living area, full basement, wraparound deck, and updated major systems support varied occupancy arrangements.
Where is this duplex located?
The property is located at 800 S Center Road Saginaw, MI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,746 square feet with 4 bedrooms and 3 full baths; Addition includes 1 bedroom and 1 full bath; Full basement and 1.5‑car garage
