400 S Kiesel Street Bay City, MI 48706
MULTI_FAMILY - Bay City, MI
Property Features for 400 S Kiesel Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
- 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.
Investment Insights
Based on property information with market context.
The owner pays electric and water, while gas is separated. The property is located at 400 S Kiesel Street in Bay City, Michigan (Bay County).
With two distinct floorplan options and in-place tenants, the duplex presents a straightforward residential income setup within a compact lot size.
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 pays 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 |
