721 Lyon St, Saginaw, MI, 48602
About This Home
Turnkey investment opportunity in the heart of Saginaw! This beautifully updated income-producing duplex at 721 Lyon Street is ready for its next owner. Featuring a brand-new roof and complete renovations on both sides, this property offers modern updates with strong rental potential. Each unit has been fully remodeled with fresh finishes, updated interiors, and move-in-ready appeal that tenants will love. Whether you’re looking to expand your investment portfolio or live in one unit while generating income from the other, this property checks all the boxes. Conveniently located near local shopping, dining, schools, and major roadways, this duplex combines cash flow potential with peace of mind thanks to the recent improvements. Don’t miss your chance to own a fully renovated, income-producing property in a growing rental market!
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Foundation: Basement
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Range/Oven,Refrigerator,Washer,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Block
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating & Cooling
- Heating features: Forced Air
- Cooling features: None
Interior Area
- Total structure area: 1,802
- Total interior livable area: 1,802 sqft
Property
Details
- Parcel number: 17 0257 00000
Features
- Levels: Two
- Stories: 2
- Frontage length: 55
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: 55 x 99
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Inland Flooding
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Saginaw County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $530 | $6,360 |
| Home Insurance * | $164 | $1,968 |
| Property Taxes | $117 | $1,404 |
| Electricity | $196 | $2,358 |
| Total | $1,007 | $12,084 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Price change | $99,000 |
| 2026-07-08 | Price change | $105,000 |
| 2026-06-06 | Listed for sale | $109,900 |
| 2025-01-08 | Sold | $58,000 |
| 2024-12-04 | Pending sale | $64,990 |
| 2024-11-26 | Listed for sale | $64,990 |
| 2020-08-19 | Sold | $21,000 |
| 2020-08-11 | Pending sale | $35,000 |
| 2019-09-21 | Listed for sale | $35,000 |
| 2019-04-12 | Listing removed | $36,000 |
| 2018-09-18 | Listed for sale | $36,000 |
| 2018-03-15 | Listing removed | $34,900 |
| 2018-02-27 | Listed for sale | $34,900 |
| 2017-01-24 | Sold | $19,000 |
| 2002-06-17 | Sold | $49,000 |
| 1999-09-17 | Sold | $46,000 |
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