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*

$ 2,617

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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,

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Multi-Family Active

Price

$ 425,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,224

Style

Lot Size

0.62

Year Built

1900

Town/City

Bay City

County/Region

Bay

MLS | Web ID

70540723

Features
General
Heating Steam
Status Active Active
Year Built 1900
County Bay
Class MULTIFAMILY
Type Multi-Family
Municipality Bay City
Zoning Commercial
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Bay City (09016)
Primary City Bay City
City Bay City
Financial Terms Cash
Legal Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE
DOM 1
Postal Code 48708
Public Remarks 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
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Exterior
Exterior Other Vinyl Siding Wood
Frontage 100
Lot Size Area 0.62
Lot Dimensions 100x135
Lot Description Sidewalks
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Total Number of Units 7
Fuel Type Natural Gas
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* Excluded Features
List By
Drew Denham

Listing Agent

Keller Williams Gr North

Broker

drewsellsgr@gmail.com

Email

Affordability Calculator

$2,969
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$352
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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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THE TIME TO SELL IS NOW! What's my home worth?
Nearby
760529 Elementary School
760235 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