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Three-Unit Multifamily Property
For Sale
$110,000
Pending

302 N FARRAGUT Street, Bay City, MI 48708

Multifamily, 3 Story, Bay City, MI

Property Size2,212 SF
Lot Size0.23 Acres
Days on Market770

Property Features for 302 N FARRAGUT Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bedroom 3, Bedroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Interior features Circuit Breakers
Exterior features Fenced
Fencing Fenced
Subdivision PLAN OF BIRNEYS ADD TO B C
Elementary school district Bay City
Middle school district Bay City
High school district Bay City
Directions East of Washington South of Center Ave On the corner of Farragut and 10th.
Standard status Pending
APN 0916002823800500
Size 2,212 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description LOTS 7 & 8 BLK 2 PLAN OF BIRNEYS ADD TO BC
Tax Annual Amount 2526
Legal Description LOTS 7 & 8 BLK 2 PLAN OF BIRNEYS ADD TO BC

Utilities

Heating system Hot Water(Heating)
Water source Public

Building Details

Year built 1900
Floors in Building 3
Number of units 3
Architectural style Other
Listing Agency: Vylla Home
Listed By: Laura A Kroll
Added: Aug 28, 2024 Changed: Sep 13 Last Checked: Oct 6 at 4:06AM
MLS# 20240064212

Copyright © 2026 Realcomp Limited II. 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 2,212-square-foot triplex contains three residential units: an upper three-bedroom, a lower two-bedroom, and a studio. Each unit includes a refrigerator and stove. Recent improvements include a new roof and fascia, while the exterior has been freshly painted. The property was city certified and inspected.

Set on 0.23 acres, the property includes driveway parking and an additional parking pad on the south side. The grounds are fenced, with public water service and hot water heating. Built in 1900, the building is zoned Multi-Family and is located across from a school, with downtown within walking distance.

Key Highlights

  • Three‑unit mix with an upper 3 bdrm, lower 2 bdrm, and studio
  • 2,212 Square Feet on a 0.23‑acre lot
  • New roof and fascia; exterior freshly painted

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Electrical Service Storage Facility Catering Service

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,288
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Zoned Multi-Family with refreshed exterior finishes, appliance-equipped units, fenced grounds, and off-street parking.
Where is this triplex located?
The property is located at 302 N FARRAGUT Street Bay City, MI.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Three‑unit mix with an upper 3 bdrm, lower 2 bdrm, and studio; 2,212 Square Feet on a 0.23‑acre lot; New roof and fascia; exterior freshly painted
More about this property
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