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 Market60
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 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement, 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
Exhaust Fan (Cooling), Wall/Window Unit(s)
Water source
Public
Amenities
on-site laundry
porch
fenced backyard
fire pit
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: Oct 28
Last Checked: Oct 29 at 3:06AM
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-bathroom residences, with approximately 1,786 square feet of finished space above grade. Unit features include hardwood flooring, bay windows, porches, and separate gas meters, electrical subpanels, dryer outlets, and hot water heaters. Water and sewer are shared. The basement provides approximately 1,600 square feet of additional storage and includes laundry facilities and an extra toilet. A 22-by-24-foot garage, paved driveway, and mostly fenced backyard are also on the property. The house roof was replaced three years ago; the garage has a metal roof.
The 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. Both residences are currently vacant, allowing access to each unit without coordinating with tenants.
The 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. Both residences are currently vacant, allowing access to each unit without coordinating with tenants.
Key Highlights
- Side‑by‑side duplex with two 2‑bedroom, 1‑bathroom units
- Approximately 1,786 square feet of finished space above grade
- Approximately 1,600 square feet of basement storage, plus on‑site laundry and an additional toilet
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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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
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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 vacant residences offer separate gas meters, individual water heaters, and access to shared laundry and basement storage.
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: Side‑by‑side duplex with two 2‑bedroom, 1‑bathroom units; Approximately 1,786 square feet of finished space above grade; Approximately 1,600 square feet of basement storage, plus on‑site laundry and an additional toilet
