Side-by-Side
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 Market45
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 1, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
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
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 backyard
fire pit
Building Details
Year built
1913
Floors in Building
2
Number of units
2
Listing Agency:
EXP Realty
(888) 501-7085
Listed By:
Brooklynn Luckhurst
(989) 534-6118
Added: Aug 31
Changed: Oct 14
Last Checked: Oct 14 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Built in 1913, this side-by-side duplex contains two 2-bedroom, 1-bath residences and 1,786 square feet of finished above-grade space. Each unit has its own porch, gas meter, hot water heater, and dryer outlet; water and sewer are shared. The basement provides 1,600 sf of storage, laundry, and an additional toilet. Both residences are vacant. Exterior features include a front porch, a mostly fenced backyard, and a detached two-car garage, with a paved three-car driveway.
The property sits 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 parcel is located at 504 N Monroe Street.
The property sits 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 parcel is located at 504 N Monroe Street.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- 1,786 square feet of finished space above grade, plus 1,600 sf of basement storage
- Detached 22x24 two‑car garage and paved 3 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.
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Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences include private porches, individual gas meters, and dedicated hot water heaters.
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 2‑bedroom, 1‑bath units; 1,786 square feet of finished space above grade, plus 1,600 sf of basement storage; Detached 22x24 two‑car garage and paved 3 car driveway
