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7-Unit Apartment Building with Garage
For Sale
$380,000

1500 Center Avenue, Bay City, MI 48708

Multi Family, Bay City, MI

Property SizeContact for details
Lot Size0.62 Acres
Days on Market97

Property Features for 1500 Center Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Commercial
Bedrooms 7
Full bathrooms 8
Rooms Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 6, Bathroom 8, Bathroom 1, Bedroom 2, Bathroom 6, Bedroom 3, Basement, Bathroom 7, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 3, Bathroom 2
Parking 5
Basement Full
Lot features Level, Sidewalk, Corner Lot
Elementary school district Bay City
Middle school district Bay City
High school district Bay City
Standard status Active
APN 09-160-022-358-001-00
Lot size 0.62 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE
Tax Annual Amount 4225
Legal Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Steam
Cooling system Wall Unit(s)

Building Details

Year built 1900
Number of units 7
Building materials Vinyl Siding, Wood Siding
Roof type Composition
Listing Agency: Keller Williams GR North · Keller Williams Realty
Listed By: Drew Denham · License #6506047679
Added: Jun 22 Changed: Sep 15 Last Checked: Sep 26 at 12:06AM
MLS# 26031029

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 7-unit apartment building at 1500 Center Avenue was built in 1900 and occupies 0.62 acres. The property is fully occupied and includes a detached garage with off-street parking. Recent capital work includes reconstruction of the steam boiler system along with replacement of the porch and garage roofs.

The building uses steam heat, wall-unit cooling, composition roofing, vinyl and wood siding, and public sewer service. Cable is available. Its location in Bay City’s Center Avenue corridor and established multifamily configuration provide a straightforward apartment-building profile for an investor seeking an occupied residential income property.

Key Highlights

  • 7‑unit apartment building built in 1900
  • Fully occupied residential income property
  • 0.62‑acre site in Bay City’s Center Avenue corridor

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Daycare Center Storage Facility Carpet & Flooring Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

946
Businesses Nearby

Demographics for 48708, MI

25,860
Population
12,625
Households
2
Avg Household Size
41
Median Age
17%
College-Educated
89%
High-School Grad
29.1 sq mi
ZIP Area
889
Density / Sq Mi
$50,216
Median Household Income
$31,978
Median Earnings
$703
Median Rent
$98,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied multifamily property with a detached garage, off-street parking, and updated building systems.
Where is this apartment building located?
The property is located at 1500 Center Avenue Bay City, MI.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 7‑unit apartment building built in 1900; Fully occupied residential income property; 0.62‑acre site in Bay City’s Center Avenue corridor
More about this property
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