1500 Center Avenue, Bay City, MI 48708 (MLS# 26031029)

1500 Center Avenue, Bay City, MI 48708

New Listing

$425,000

Property Type: Multi Family Lot Size (sq. ft.): 27,007 Status: Active

Current Price: $425,000 List Date: 6/22/2026 Last Modified: 6/29/2026

Overview

Description

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,

Supplements: 1500 Center Ave presents a compelling opportunity to grow your portfolio. Don't miss your chance to own a classic Bay City investment property!

Listing Details MLS# 26031029

Location Property Info

County: Bay
Street #: 1500
Street Name: Center
Suffix: Avenue
State: MI
Zip Code: 48708
Zip (4): 5101

General Property Info

Lot Measurement: Acres
Lot Square Footage: 27007
Lot Acres: 0.62
Lot Dimensions: 100x135
Year Built: 1900
New Construction: No
Cert of Compliance: No
Road Frontage: 100
Total # Units: 7
# of Diff Unit Floor Plans: 7
Total # Bldgs: 2
Total Parking Spaces: 5
Waterfront: No
School District: Bay City
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 09-160-022-358-001-00
Taxable Value: 67031
SEV: 125050
For Tax Year: 2025
Seller's Annual Property Tax: 4224.63
Tax Year: 2025
Spec Assessment & Ty: none known
Zoning: Commercial
Homestead %: 0

Access Feat

Accessibility Features: No

Unit 1

Unit Description: Yes
SqFt: 675
Occupied: Yes
Monthly Rent: 700
Bathrooms: 2
Full Baths: 2

More Information

Unit 2

Unit Description: 2
SqFt: 675
Occupied: Yes
Monthly Rent: 595
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: 3
SqFt: 675
Occupied: Yes
Monthly Rent: 460
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit Description: 4
SqFt: 675
Occupied: Yes
Monthly Rent: 525
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit Description: 5
SqFt: 675
Occupied: Yes
Monthly Rent: 695
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit Description: 6
SqFt: 675
Occupied: Yes
Monthly Rent: 595
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit Description: 7
SqFt: 675
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 395

Location & Property Info

Cross Streets: Birney
Property Sub-Type: 5+ Units
Municipality: Bay City

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

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, 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,
Legal: LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE

Lot Description

Corner Lot: Yes
Level: Yes
Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Other: Yes

Exterior Material

Vinyl Siding: Yes
Wood Siding: Yes
Other: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Steam: Yes

Air Conditioning

Wall Unit(s): Yes

Tenant Pays

None: Yes

Driveway

Paved: Yes

Substructure

Full: Yes

Extras

Laundry Facility: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes
Subject To Tenant Rights: Yes

Property Features

Exterior Material: Vinyl Siding; Wood Siding; Other Roofing: Composition Substructure: Full Lot Description: Corner Lot; Level; Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water Extras: Laundry Facility Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Steam Air Conditioning: Wall Unit(s) Driveway: Paved Street Type: Paved; Public Terms Available: Cash; Other Possession: Close Of Escrow; Subject To Tenant Rights Sale Conditions: None

Listing Office: Keller Williams GR North

Listing Agent: Drew Denham

Last Updated: June - 29 - 2026

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