Two-Unit Residential Income
811 N Fayette Street Saginaw, MI 48602
811 N Fayette Street, Saginaw, MI, 48602
$149,900
Pending
For Sale
$149,900
Pending
MULTI_FAMILY - Colonial - Saginaw, MI
Property Size1,822 SF
Lot Size0.14 Acres
Days on Market38
Property Features for 811 N Fayette Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Patio and Porch features
- Porch, Patio
- Exterior features
- Fenced Yard, Patio, Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 15 0127 00000
- Size
- 1,822 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1584
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Colonial
Listing Agency
Berkshire Hathaway HomeServices
(989) 790-9292
2825 Bay Rd Suite 400, Grand Blanc, MI
Listed by
Bob & Janel Scharich · License #SBR-6502413068
(989) 753-4929
Added: Jun 9 Checked: Jul 16 at 11:06 pm
MLS# 50210735
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.
Well-maintained two-unit residential income property in a colonial style, with each unit featuring private washer and dryer hookups and a full basement for additional storage. One unit is vacant and has been refreshed with new flooring and fresh paint, presenting a move-in-ready configuration for a new tenant or owner-occupant.
Outdoor features include patios for both units, a fenced backyard on one side, and an alley providing additional access. The property also includes ample rear parking, with tenants responsible for snow removal and lawn care while the owner pays water.
This is a duplex-style offering presented for sale, positioned for income-focused buyers seeking a two-unit setup with practical in-unit laundry hookups, basements, and defined outdoor space.
Outdoor features include patios for both units, a fenced backyard on one side, and an alley providing additional access. The property also includes ample rear parking, with tenants responsible for snow removal and lawn care while the owner pays water.
This is a duplex-style offering presented for sale, positioned for income-focused buyers seeking a two-unit setup with practical in-unit laundry hookups, basements, and defined outdoor space.
Key Highlights
- Two‑unit property with separate living units, each with private washer and dryer hookup
- Full basements for each unit, offering additional storage space
- Vacant unit has been refreshed with new flooring and fresh paint
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 | $16.6k | $9.12 |
| − Vacancy | −$1.2k | −$0.66 |
| EGI | $15.4k | $8.46 |
| − OpEx | −$4.6k | −$2.54 |
| NOI | $10.8k | $5.92 |
1,822 SF · lease $9.12/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$154.2K
$134.9K – $179.9K
NOI $10,794 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$146.5K
$128.2K – $170.9K
NOI $10,253 @ 7.0% cap · market cap 6.84%
Theoretical Best
Specialty Retail
$336.6K
$294.6K – $392.7K
NOI $23,564 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit colonial property with patios, private washer/dryer hookups, and full basements, plus rear fenced yard and alley access.
Where is this duplex located?
The property is located at 811 N Fayette Street Saginaw, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit property with separate living units, each with private washer and dryer hookup; Full basements for each unit, offering additional storage space; Vacant unit has been refreshed with new flooring and fresh paint
