Duplex with Updated
123 Woodside Lane, Bay City, MI 48708
For Sale
$160,000
MULTIFAMILY, Bay City, MI
Property Size2,100 SF
Lot Size0.14 Acres
Price / SF$76.19
Days on Market92
Property Features for 123 Woodside Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Keller Williams Preferred · Keller Williams Realty
(989) 792-8200
Listed By:
Monique Gilbert · License MI #6506048015
(989) 475-2958
Added: Aug 13
Changed: Nov 11
Last Checked: Nov 12 at 10:06AM
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 contains two units and was built in 1900. Updates have been completed within the past three years. The property sits on a 0.14-acre lot and has forced-air heating and public water.
Both units are currently occupied. The lower unit is leased through July 2027, while the upper unit is rented month-to-month. Tenants handle lawn care and snow removal; the landlord pays gas, water, and electricity.
Both units are currently occupied. The lower unit is leased through July 2027, while the upper unit is rented month-to-month. Tenants handle lawn care and snow removal; the landlord pays gas, water, and electricity.
Key Highlights
- Two‑unit property with 2,100 square feet of building area
- 0.14‑acre lot
- 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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, with separate lease arrangements and landlord-paid gas, water, and electricity.
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: Two‑unit property with 2,100 square feet of building area; 0.14‑acre lot; Updates completed within the past three years
