Occupied
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 Market78
Property Features for 123 Woodside Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2, Basement
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
Additional Details
Tenant in Place
Yes
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
Buildings
1
Listing Agency:
Keller Williams Preferred · Keller Williams Realty
(989) 792-8200
Listed By:
Monique Gilbert
(989) 475-2958
Added: Aug 13
Changed: Oct 28
Last Checked: Oct 29 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,100-square-foot duplex was built in 1900 and includes four bedrooms, two bathrooms, and a basement. Forced-air heating and public water serve the property. Updates were completed within the past three years.
Both units are occupied, with different lease terms: the lower unit is leased through July 2027, and the upper unit is month-to-month. Residents handle lawn care and snow removal; the landlord pays for gas, water, and electricity. The property occupies a 0.14-acre lot.
Both units are occupied, with different lease terms: the lower unit is leased through July 2027, and the upper unit is month-to-month. Residents handle lawn care and snow removal; the landlord pays for gas, water, and electricity. The property occupies a 0.14-acre lot.
Key Highlights
- 2,100‑square‑foot duplex on a 0.14‑acre lot
- Four bedrooms, two bathrooms, and a basement
- Lower unit leased through July 2027; upper unit is month‑to‑month
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is leased through July 2027, while the other is occupied 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; Lower unit leased through July 2027; upper unit is month‑to‑month
