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2 Baths
1,620 sqft

$250,000

398 N Saginaw Street, Pontiac MI, 48342 1455

Price per sqft$154.32
Built in1910
Property size1,620 sqft
Property typeResidential

Overview

Active

Listed Mar 18, 2026

Updated 13h ago

Turnkey 2-unit income property capable of producing a 10% + cap rate in the heart of Pontiac! The return on investment (ROI) makes this building profitable. This well-laid-out up and down flat features two separate units furnished, each offering 2 bedrooms and 1 full bath, providing excellent rental potential and strong cash-flow opportunity. Ideal for buy-and-hold investors or owner-occupy whole property or house hack by living in one unit and leasing out the other to offset their mortgage. Possible Airbnb and or VRBO venture for income versatility. Each unit includes its own kitchen and living space, creating functional, desirable layouts for tenants. A full basement adds additional storage potential, and the 2.5-car detached garage provides valuable parking and utility a major tenant bonus. This property presents an attractive entry point pricing for investors looking to expand their portfolio in a high-demand rental area. Conveniently located near Downtown Pontiac, I-75, M-59, Great Lakes Mall, local amenities and restaurants. Secure a multi-unit property with built-in income potential. DSCR loans, Creative financing. Land contract terms are available with $75,000 down payment at 7% interest with a monthly payment of $1904.72 over the course of 11 years with no pre-payment penalty. One year home warranty included for maintenance free living. This property qualifies for all of these incentives 0-3% Down Payment - Making homeownership more accessible. No PMI (Private Mortgage Insurance) = Lower monthly payments. $3,500-$10,500 in Down Payment Grants that are fully forgiven after 5 total but 20% after each year. NOTE: PLEASE SEE CAP CALCULATOR IN THE LAST 4 PHOTOS THAT SHOWS THE POTENTIAL

$1,663/mo

Est. mortgage payment based on a $250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
60976670

Interior Features

Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$2,648
Tax Frequency
Annually
MLS provider logo

Listed by James Toma with Brookstone, Realtors LLC
Listing Contact: 248-249-4999 

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 10/12/2026 at 10:17 PM UTC

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