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Certified Rental Duplex Opportunity
For Sale
$144,900

1813 3rd St, Bay City, MI 48706

Well-located duplex with income potential near Carol Park.

Days on Market99

Property Features for 1813 3rd St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1880
Listing Agency:
Listed By: Chance Owen
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 30 at 1:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chance Owen

Investment Insights

Based on property information with market context.

This certified rental duplex presents an opportunity for investors and first-time buyers. Located near Carol Park, steps from the Johnson St. Business District, and a short drive to Downtown Bay City, the property offers convenience, walkability, and income potential. Major mechanical updates include a new Concord 95 furnace installed in 2022, along with new baseboard heat in the smaller unit. The two units have separated heat and hot water tanks. Both units are move-in ready and currently vacant, offering flexibility for owner-occupants or investors. The smaller unit rents for $720 per month, while the larger unit rents for $950 per month. The bike score is 54, indicating it is bikeable, and the walk score is 81, indicating it is very walkable.

Key Highlights

  • Prime location: Steps from Johnson St. Business District, near Carol Park, and a short drive to Downtown Bay City.
  • Built‑in income potential: Two units with current rental values of $720 and $950 per month.
  • Major mechanical updates: New Concord 95 furnace (2022) and new baseboard heat in smaller unit.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Daycare Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,113
Businesses Nearby

Demographics for 48706, MI

39,381
Population
18,163
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
66.3 sq mi
ZIP Area
594
Density / Sq Mi
$61,908
Median Household Income
$40,151
Median Earnings
$887
Median Rent
$142,300
Median Home Value

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?
Duplex - Well-located duplex with income potential near Carol Park.
Where is this duplex located?
The property is located at 1813 3rd St Bay City, MI.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Prime location: Steps from Johnson St. Business District, near Carol Park, and a short drive to Downtown Bay City.; Built‑in income potential: Two units with current rental values of $720 and $950 per month.; Major mechanical updates: New Concord 95 furnace (2022) and new baseboard heat in smaller unit.
More about this property
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