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$250,000
1 Day On Site

398 N Saginaw Street
Pontiac City, MI 48342

For Sale|Multi Family|Active
4
Beds
2
Total Baths
2
Full Baths
1,620
SqFt
$154
/SqFt
1910
Built
Subdivision:
POUND ADD
County:
Oakland
Call Now: (248) 788-6318
Is this the listing for you? We can help make it yours.
(248) 788-6318
398 N Saginaw Street398 N Saginaw Street398 N Saginaw Street398 N Saginaw Street
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Monthly Payment (Est.)

$1,141
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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. 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

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Listing Snapshot
Price 
$250,000
Days On Site 
1 Day
Bedrooms 
4
Inside Area (SqFt) 
1,620 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.16 Acres
Year Built 
1910
MLS® Number 
20261009177
Status 
Active
Property Tax 
$2,648
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
16 hours agoStatus changed to Active
16 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.16
Cross Street 
howard and chamberlain
Disclosures 
Conformsto Zoning, Legal Rental Certified, No Restrictions, Projected Income, Taxes Not Homestead Exempt
Foundation 
Stone
Garage 
Yes
Levels 
Two
Parking 
GarageLightedOn StreetOversizedPaved
Parking Spaces 
6
Pets 
Yes
Property Sub Type 
Multi Family
Security 
Smoke Detector(s)Building SecurityCarbon Monoxide Detector(s)Closed Circuit Camera(s)Fire Alarm24 Hour Security
Sewer 
Public Sewer
SqFt Above 
1620
Style 
ColonialEarlyAmerican
Utilities 
Cable AvailableUnderground Utilities
Water Source 
Other
Zoning 
MultiFamily, Residential
Interior Features
Appliances 
Gas Water Heater
Basement 
FullUnfinished
Electric 
Circuit Breakers
Heating 
Forced AirNatural GasSeparate Meters
Interior 
Entrance Foyer
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Exterior Features
Construction Details 
Other
Exterior 
LightingPrivate Entrance
Fencing 
Back YardFenced
Patio And Porch 
Porch
Pool Features 
None
Roof 
Asphalt
Community Features
Community Features 
Sidewalks
Financing Terms Available 
CashContractConventionalFHAVA Loan1031 ExchangeTrade
MLS Area 
Area02142Pontiac
Roads 
Paved
School District 
Pontiac
Schools
School District
Pontiac
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Brookstone, Realtors LLC: jamesjtoma@gmail.com



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Neighborhood & Commute
Source: Walkscore
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