Updated 2-Unit
For Sale
$160,000
123 Woodside Lane, Bay City, MI 48708
MULTIFAMILY, Bay City, MI
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$76.19
Days on Market63
Property Features for 123 Woodside Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
Subdivision
Woodside
Elementary school district
Bay City School District
Middle school district
Bay City School District
High school district
Bay City School District
Standard status
Active
APN
160-022-203-006-00
Size
2,100 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4095
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Preferred · Keller Williams Realty
(989) 792-8200
Listed By:
Monique Gilbert · License #SBR-6506048015
(989) 475-2958
Added: Aug 13
Changed: Oct 14
Last Checked: Oct 14 at 9:06PM
MLS# 50218453
Copyright © 2026 Saginaw Board of Realtors MLS. 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 2,100-square-foot duplex was built in 1900 and sits on a 0.14-acre lot. Updates have been completed within the past three years. The property includes four bedrooms, two bathrooms and a basement.
The lower residence is leased through July 2027; the upper residence is occupied on a month-to-month arrangement. Tenants handle lawn and snow care, while the landlord covers gas, water and electric service.
The lower residence is leased through July 2027; the upper residence is occupied on a month-to-month arrangement. Tenants handle lawn and snow care, while the landlord covers gas, water and electric service.
Key Highlights
- 2,100‑square‑foot duplex on a 0.14‑acre lot
- Four bedrooms, two bathrooms and a basement
- Updates completed within the past three years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,277
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,540
$245.5K
Cap Rate 7%
$175,386
$175.4K
Cap Rate 9%
$136,411
$136.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$18.9K $9.00/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$17.5K $8.35/SF
− OpEx
−$5.3K −$2.51/SF
NOI
$12.3K $5.85/SF
Area
Bay County, MI
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,540
Cap Rate 7%
$175,386
Cap Rate 9%
$136,411
Alternative Uses
Best Use
Multifamily LT 5
$175.4K
$153.5K – $204.6K
NOI $12,277 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$164.8K
$144.2K – $192.3K
NOI $11,538 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with one lease extending through July 2027 and the other on a month-to-month basis.
Where is this duplex located?
The property is located at 123 Woodside Lane Bay City, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2,100‑square‑foot duplex on a 0.14‑acre lot; Four bedrooms, two bathrooms and a basement; Updates completed within the past three years
