Two-Unit Residential Income
400 S Kiesel Street Bay City, MI 48706
400 S Kiesel Street, Bay City, MI, 48706
$116,000
For Sale
$116,000
MULTI_FAMILY - Bay City, MI
Property Size1,629 SF
Lot Size0.14 Acres
Price / SF$71.21
Days on Market70
Property Features for 400 S Kiesel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3
- 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 agency
Wilson Realty
(989) 793-5650
Listed by
Nathon Wilson · License #6506042802
(989) 737-3411
Added: May 13 Updated: Jul 21 at 8:28AM Checked: Jul 21 at 7:06PM
MLS# 50207370
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.
Investment Insights
Based on property information with market context.
This two-unit residential income duplex features two-bedroom/one-bath and one-bedroom/one-bath layouts. Both units are currently rented. The owner pays electric and water, while gas service is separated.
The property is located at 400 S Kiesel Street in Bay City, MI 48706, within Bay County.
With a total building size of 1,629 square feet, the duplex provides a straightforward two-tenant configuration for an investor looking for currently occupied units.
The property is located at 400 S Kiesel Street in Bay City, MI 48706, within Bay County.
With a total building size of 1,629 square feet, the duplex provides a straightforward two-tenant configuration for an investor looking for currently occupied units.
Key Highlights
- 2‑unit multifamily with both units currently rented
- Unit mix: two 2 bed/1 bath units and one 1 bed/1 bath unit
- Owner‑paid utilities include electric and water; gas is separated
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 |
1,629 SF · lease $9.00/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$136.1K
$119.1K – $158.7K
NOI $9,524 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$127.9K
$111.9K – $149.2K
NOI $8,950 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$294.9K
$258.0K – $344.1K
NOI $20,643 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two residential units are currently rented, with owner-paid electric and water and separate gas service.
Where is this duplex located?
The property is located at 400 S Kiesel Street Bay City, MI.
What is the asking price?
The asking price for this property is $116,000.
What are key features of this property?
This property features: 2‑unit multifamily with both units currently rented; Unit mix: two 2 bed/1 bath units and one 1 bed/1 bath unit; Owner‑paid utilities include electric and water; gas is separated
