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    701 Center Ave Bay City, MI 48708

    For Sale
    $819,900

    MULTI_FAMILY - Bay City, MI

    Lot size:
    0.33 Acres
    Days on Market:
    41
    Last Refresh:
    Dec 7 at 4:06 pm

    Property Features for 701 Center Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 7, Bathroom 14, Bedroom 11, Bedroom 16, Bedroom 7, Basement, Bedroom 9, Bathroom 8, Bedroom 15, Bathroom 11, Bedroom 13, Bathroom 9, Bedroom 1, Bedroom 8, Bathroom 12, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 13, Bathroom 4, Bedroom 5, Bedroom 17, Bathroom 3, Bathroom 6, Bathroom 10, Bedroom 6, Bathroom 2, Bathroom 5, Bedroom 14, Bathroom 16, Bathroom 15, Bedroom 10, Bedroom 12
    Bedrooms
    17
    APN
    160-021-454-003-00
    Parking
    17
    Parking features
    Paved or Surfaced
    Basement
    Full
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Forced Air

    Building Details

    Year built
    1870
    Number of units
    16
    Building materials
    Brick

    Grand Rapids North Market Center, LLC (616) 447-9100 [email protected]

    Listing agent Drew Denham (616) 232-0853

    Listing date Oct 28, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Bay City Multifamily Property

    Located in Bay City, this restored Second Empire home, constructed in 1876, features 16 units, including 5 one-bedroom units, 1 two-bedroom unit, and 10 studio apartments. The property blends historic architectural details, such as a grand staircase, ornate plasterwork, and fireplaces, with modern upgrades. Recent improvements include a new roof, refinished windows, and new gutters. The property also offers off-street parking and on-site laundry facilities. The boiler heat system is efficient, with gas, water, and sewer expenses covered by the owner. Currently, 10 units operate as Airbnbs, presenting high upside potential, while the remaining units are leased to long-term tenants, providing a steady income stream and opportunities for future growth. Situated steps from downtown Bay City, the property provides walkable access to dining, shopping, and entertainment. The lot size is 0.33 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay City
    County
    Bay
    State
    Michigan
    Longitude
    -83.883085
    Latitude
    43.597979

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    FAQs

    What type of property is this?
    Apartment building - Restored 16-unit property near downtown with Airbnb potential.
    Where is this apartment building located?
    The property is located at 701 Center Ave Bay City, MI.
    What is the asking price?
    The asking price for this property is $819,900.
    What are key features of this property?
    This property features: - Prime location in downtown Bay City, offering walkable access to dining, shopping, and entertainment.; - Significant income potential with 10 units operating as high-performing Airbnbs and additional long-term rental units.; - Historically significant Second Empire home built in 1876, featuring preserved architectural details.
    (616) 232-0853
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    701 Center Ave Bay City, MI 48708
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    701 Center Ave Bay City, MI 48708
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