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7-Unit Apartment Building
For Sale
$399,900

1500 Center Avenue, Bay City, MI 48708

MULTI_FAMILY - Bay City, MI

Property SizeContact for details
Lot Size0.62 Acres
Days on Market52

Property Features for 1500 Center Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Commercial
Bedrooms 7
Full bathrooms 8
Rooms Basement, Bathroom 7, Bathroom 3, Bedroom 3, Bedroom 7, Bathroom 4, Bedroom 1, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 6, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 8
Parking 5
Basement Full
Lot features Level, Sidewalk, Corner Lot
Elementary school district Bay City
Middle school district Bay City
High school district Bay City
Standard status Active
APN 09-160-022-358-001-00
Lot size 0.62 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE
Tax Annual Amount 4225
Legal Description LOTS 10 & 11 & N 35 FT OF LOT 9 BLK 7 JAMES FRASERS 1ST ADD TO BC S OF CENTER AVE

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Steam
Cooling system Wall Unit(s)

Building Details

Year built 1900
Number of units 7
Building materials Vinyl Siding, Wood Siding
Roof type Composition
Listing Agency: Keller Williams GR North · Keller Williams Realty
Listed By: Drew Denham · License #6506047679
Added: Jun 22 Changed: Jul 30 Last Checked: Aug 12 at 2:06AM
MLS# 26031029

Copyright © 2026 Michigan Regional Information Center, LLC. 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.

1500 Center Avenue is a 7-unit apartment building on 0.62 acres, built in 1900. The property is fully occupied and includes a detached garage with off-street parking. Construction features include vinyl siding and wood siding, with a composition roof.

Heating is provided by a steam system, and cooling is through wall unit(s). Utilities include cable availability, and the property is served by public sewer.

Recent improvements include a complete rebuild of the steam boiler system, a new porch roof, and a new garage roof. The combination of long-term family ownership, ongoing updates, and current occupancy supports a straightforward ownership path for an investor looking for an income-producing residential asset in Bay City.

Key Highlights

  • 7‑unit apartment building fully occupied
  • 0.62‑acre lot with detached garage and off‑street parking
  • Steam heating system plus wall unit(s) cooling

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Daycare Center Storage Facility Carpet & Flooring Store Kitchen & Bath Showroom

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

Lease Details

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

394
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied 7-unit apartment building with detached garage, off-street parking, steam heat, and wall A/C units on 0.62 acres.
Where is this apartment building located?
The property is located at 1500 Center Avenue Bay City, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 7‑unit apartment building fully occupied; 0.62‑acre lot with detached garage and off‑street parking; Steam heating system plus wall unit(s) cooling
More about this property
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