Brick Garden-Style
2311 22nd Street Bay City, MI 48708
2311 22nd Street, Bay City, MI, 48708
$425,000
For Sale
$425,000
MULTI_FAMILY - Bay City, MI
Property Size3,132 SF
Lot Size0.28 Acres
Price / SF$135.70
Days on Market294
Property Features for 2311 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 6, Basement, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3
- Standard status
- Active
- APN
- 160-027-364-006-00
- Size
- 3,132 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3542
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Number of units
- 4
Listing Agency
HomeCoin.com
(888) 400-2513
N8789 Bush Lake Rd, San Diego, MI
Listed by
Jonathan Minerick · License #2021047910
(888) 400-2513
Added: Sep 30, 2025 Updated: Jun 3 at 5:40 pm Checked: Jul 20 at 5:06 pm
MLS# 50189995
Listing URL
Copyright © 2026 Multiple Listing Service MiRealSource. 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 brick garden-style fourplex offers four spacious two-bedroom, one-bath units. Each unit is described as approximately 783 square feet of living space and includes a full basement with washer/dryer hookups. The property’s utilities are separately metered and tenant-paid, supporting straightforward day-to-day operations for an owner-operator or investor.
The offering is located in Bay City, Michigan at 2311 22nd Street. The provided remarks note convenience to the hospital, schools, shopping, and restaurants.
As a residential income asset, this four-unit layout may be well suited to buyers looking for multiple independent units under one roof. The separately metered, tenant-paid utilities can help simplify expense management, and the basements with washer/dryer hookups add an in-unit amenity that may support tenant appeal. The property is presented as an investor opportunity with immediate income.
The offering is located in Bay City, Michigan at 2311 22nd Street. The provided remarks note convenience to the hospital, schools, shopping, and restaurants.
As a residential income asset, this four-unit layout may be well suited to buyers looking for multiple independent units under one roof. The separately metered, tenant-paid utilities can help simplify expense management, and the basements with washer/dryer hookups add an in-unit amenity that may support tenant appeal. The property is presented as an investor opportunity with immediate income.
Key Highlights
- Purpose‑built brick 4‑unit garden‑style property built in 1962
- About 3,132 SF total with four 2‑bedroom, 1‑bath units
- Each unit includes about 783 SF of living space plus a full basement
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $10.56 |
| − Vacancy | −$1.8k | −$0.57 |
| EGI | $31.3k | $9.99 |
| − OpEx | −$14.1k | −$4.50 |
| NOI | $17.2k | $5.49 |
3,132 SF · lease $10.56/SF/yr · vacancy 5.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$245.8K
$215.1K – $286.8K
NOI $17,208 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.0K
$496.1K – $661.5K
NOI $39,689 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Purpose-built four-unit property with separately metered utilities and full basements with washer/dryer hookups.
Where is this multifamily property located?
The property is located at 2311 22nd Street Bay City, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Purpose‑built brick 4‑unit garden‑style property built in 1962; About 3,132 SF total with four 2‑bedroom, 1‑bath units; Each unit includes about 783 SF of living space plus a full basement
