400 S Kiesel Street, Bay City, MI 48706
MULTI_FAMILY - Bay City, MI
- Added:
- May 13, 2026
- Days on Market:
- 30
- Last Refresh:
- Jun 11 at 2:06 am
Property Features for 400 S Kiesel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Interior features
- Cable/Internet Avail.
- Exterior features
- Sidewalks, Street Lights
- Appliances
- Range/Oven, Refrigerator
- Standard status
- Active
- APN
- 160-020-354-009-00
- Size
- 1,629 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2647
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1919
- Floors in Building
- 2
- Number of units
- 2
Listing agent Nathon Wilson License #6506042802 (989) 737-3411
Listing office Wilson Realty 4344 State, Saginaw, MI (989) 793-5650
Listing date May 13, 2026
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.
HighLights
- 2‑unit multifamily; both units currently rented
- Unit mix: one 2‑bed/1‑bath unit and one 1‑bed/1‑bath unit
- Owner pays electric and water; gas is separated
- Public water supply and forced‑air heating
- Kitchen appliances include range/oven and refrigerator
- Sidewalks and street lights nearby
Overview
The property is located at 400 S Kiesel Street in Bay City, Michigan (Bay County). The lot size is 0.14 acres, and the total building size is 1,629 square feet.
For buyers seeking an income-producing residential asset, the existing rental status and unit mix can support a straightforward operating approach with both tenants in place. With the utility split in place, the owner’s responsibility is limited to electric and water, while gas is handled separately.
Local Financial Insights For Multifamily LT 5
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 | $14.7k | $9.00 |
| − Vacancy | −$1.1k | −$0.65 |
| EGI | $13.6k | $8.35 |
| − OpEx | −$4.1k | −$2.51 |
| NOI | $9.5k | $5.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bay City
- County
- Bay
- State
- Michigan
- Longitude
- -83.911377
- Latitude
- 43.598549
