Side-by-Side Duplex with
504 N Monroe Street, Bay City, MI 48708
For Sale
$149,000
MULTIFAMILY, Bay City, MI
Property Size1,786 SF
Lot Size0.16 Acres
Price / SF$83.43
Days on Market75
Property Features for 504 N Monroe Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
on-site laundry
fire pit
front porch
side porch
back porch
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
EXP Realty
(888) 501-7085
Listed By:
Brooklynn Luckhurst
(989) 534-6118
Added: Aug 31
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 1913 side-by-side duplex contains two 2-bedroom, 1-bath units, with approximately 1,786 square feet of finished space above grade and an additional 1,600 square feet of basement storage. Each residence has its own porch. Interior features include hardwood floors, bay windows, and a skylight; the property also has a high-efficiency furnace, on-site laundry, and a basement toilet. Separate gas meters, hot water heaters, dryer outlets, and updated electrical subpanels serve the units, while water and sewer are shared. Ranges and refrigerators remain in both kitchens.
The 0.16-acre property is in Bay City’s historic district, within walking distance of downtown, the Historic Masonic Temple, Center Street, and the Uptown and riverfront districts. Exterior features include a paved three-car driveway, a 22-by-24-foot garage, a large front porch, and a mostly fenced backyard with a small fire pit.
The 0.16-acre property is in Bay City’s historic district, within walking distance of downtown, the Historic Masonic Temple, Center Street, and the Uptown and riverfront districts. Exterior features include a paved three-car driveway, a 22-by-24-foot garage, a large front porch, and a mostly fenced backyard with a small fire pit.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a side‑by‑side layout
- Approximately 1,786 square feet finished above grade, plus 1,600 square feet of storage
- 0.16‑acre property in Bay City’s historic district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,442
Cap Rate
7.01%
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 7.01%
Second Best
Apartment 5plus
$140.2K
$122.7K – $163.6K
NOI $9,813 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$323.3K
$282.9K – $377.2K
NOI $22,632 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer independent utility meters, private porches, and a shared fenced backyard.
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 $149,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a side‑by‑side layout; Approximately 1,786 square feet finished above grade, plus 1,600 square feet of storage; 0.16‑acre property in Bay City’s historic district
