Side-by-Side Duplex with
For Sale
$169,900
504 N Monroe Street, Bay City, MI 48708
MULTIFAMILY, Bay City, MI
Property Size1,786 SF
Lot Size0.16 Acres
Price / SF$95.13
Days on Market66
Property Features for 504 N Monroe Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Basement, Bathroom 1, Bathroom 3
Patio and Porch features
Porch
Interior features
Bay Window, Hardwood Floors
Exterior features
Porch
Appliances
Dryer, Range/Oven, Refrigerator, Washer
Subdivision
Center Ave Historic District
Elementary school district
Bay City School District
Middle school district
Bay City School District
High school district
Bay City School District
Standard status
Active
APN
160-021-469-003-00
Size
1,786 SF
Lot size
0.16 Acres
Additional Details
Individually Metered Utilities
gas
Taxes and HOA fees
Tax Annual Amount
1382
Utilities
Heating system
Forced Air
Cooling system
Wall/Window Unit(s), Exhaust Fan (Cooling)
Water source
Public
Amenities
on site laundry
fenced in private backyard
fire pit
front porch
side porch
back porch
Building Details
Year built
1913
Floors in Building
2
Number of units
2
Buildings
1
Listing Agency:
EXP Realty
(888) 501-7085
Listed By:
Brooklynn Luckhurst
(989) 534-6118
Added: Aug 31
Changed: Nov 4
Last Checked: Nov 4 at 1:06PM
MLS# 50220347
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1913, this side-by-side duplex contains two apartments, each with two bedrooms and one bathroom. The property has 1,786 square feet of finished area above grade, plus 1,600 square feet of storage. Hardwood floors, bay windows, porches, and a large front porch are among its features. Each unit has its own gas meter, hot water heater, dryer outlet, and electrical subpanel; water and sewer are shared. A 22-by-24-foot garage and paved three-car driveway provide on-site parking. The house has an asphalt roof installed three years ago, while the garage has a metal roof.
The property is in Bay City’s historical district, within walking distance of downtown, the Historic Masonic Temple, Center Street, and the Uptown and riverfront districts. The 0.16-acre lot includes a mostly fenced backyard.
The property is in Bay City’s historical district, within walking distance of downtown, the Historic Masonic Temple, Center Street, and the Uptown and riverfront districts. The 0.16-acre lot includes a mostly fenced backyard.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,786 square feet of finished area above grade and 1,600 square feet of additional storage
- 22‑by‑24‑foot, two‑car garage and paved three‑car driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,442
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,840
$208.8K
Cap Rate 7%
$149,171
$149.2K
Cap Rate 9%
$116,022
$116.0K
Market Conditions
NOI Build-Up for 1,786 SF
Gross rent
$16.1K $9.00/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$14.9K $8.35/SF
− OpEx
−$4.5K −$2.51/SF
NOI
$10.4K $5.85/SF
Area
Bay County, MI
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,840
Cap Rate 7%
$149,171
Cap Rate 9%
$116,022
Alternative Uses
Best Use
Multifamily LT 5
$149.2K
$130.5K – $174.0K
NOI $10,442 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$140.2K
$122.7K – $163.6K
NOI $9,813 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$323.3K
$282.9K – $377.2K
NOI $22,632 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant two-bedroom apartments have separate gas meters, hot water heaters, and electrical subpanels.
Where is this duplex located?
The property is located at 504 N Monroe Street Bay City, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,786 square feet of finished area above grade and 1,600 square feet of additional storage; 22‑by‑24‑foot, two‑car garage and paved three‑car driveway
