1500 Center Avenue Bay City, MI $ 425,000
1500 Center Avenue
$ 425,000
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1500 Center Avenue

Bay City, MI, 48708
$ 425,000
Baths0.0

Monthly Estimate*

$ 2,683

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Studio

Multi-Family Home for sale in Bay City, MI

for $425,000. This home was built in 1900 on a lot size of 0.62.

Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay City's historic Center Avenue corridor. Owned by the same family for the past 30 years, this property offers stable occupancy and significant upside potential. Recent improvements include a complete rebuild of the steam boiler system, a new porch roof, and a new garage roof, helping reduce future capital expenditure needs. Located on one of Bay City's most iconic streets, the property is fully occupied and benefits from strong rental demand in the area. The property also features a detached garage and off-street parking, amenities that are increasingly difficult to find in historic multifamily properties. With below-market rents and long-term ownership, investors will appreciate the opportunity to increase income over time while acquiring a well-maintained asset in a highly desirable location. Whether you're looking for a long-term hold or a value-add investment, 1500 Center Ave presents a compelling opportunity to grow your portfolio. Don't miss your chance to own a classic Bay City investment property!

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Multi-Family Active

Price

$ 425,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,224

Style

5+ Units

Lot Size

0.62

Year Built

1900

Town/City

Bay City

County/Region

Bay

MLS | Web ID

26031029

Features
General
Sewer Public Sewer
Heating Steam
Cooling Wall Unit(s)
Utilities Phone Available Natural Gas Available Electricity Available Cable Available Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding Wood Siding Other
Year Built 1900
Tenant Pays None
Township Bay City
Property Subtype 5+ Units
Tax Year 2025
County Bay
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Bay City
High School District Bay City
Zoning Description Commercial
Number Of Units Total 7
Lot Size Units Acres
Lot Size Square Feet 27007.0
Listing Terms Cash
Land Lease Y/N N
Tax Annual Amount 4224.63
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 67031
Legal Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features Paved
Lot Features Level Sidewalk Corner Lot
Total Parking 5.0
Lot Size Area 0.62
Number of Buildings 2
Spa N
Lot Dimensions 100x135
Lot Size Acres 0.62
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1500
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* Excluded Features
List By
Keller Williams Gr North

Broker

drewsellsgr@gmail.com

Email

Affordability Calculator

$3,035
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,683
Monthly Property Taxes
$352
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4110002 Elementary School
4110006 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$425,000 Listed Price

Map


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1500 Center Avenue, Bay City, MI, 48708 is a Multi-Family Home for sale at $425,000 with a lot size of 0.62. 1500 Center Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 48708 which is in Bay City, MI