Contemporary Ranch
New
For Sale
$299,900
5601 Spring Knoll Drive, Bay City, MI 48706
RESIDENTIAL, Duplex, Bay City, MI
Property Size1,660 SF
Price / SF$180.66
Days on Market3
Property Features for 5601 Spring Knoll Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 2, Bathroom 2, Laundry Room, Bedroom 1
Patio and Porch features
Deck, Patio
Interior features
Cathedral/Vaulted Ceiling, Ceramic Floors, Walk-In Closet, Window Treatment(s)
Exterior features
Deck, Patio, Street Lights
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Subdivision
Cortland Farms
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
100-C15-000-069-00
Size
1,660 SF
Taxes and HOA fees
HOA Fee
$380 Monthly
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
ceramic tile floors with in-floor heat
vaulted ceilings
private deck/patio
finished/heated garage
partially finished basement
first floor laundry
Building Details
Year built
1996
Architectural style
Ranch, Contemporary
Buildings
1
Listing Agency:
EXP Realty
(888) 501-7085
Listed By:
Joe Harris · License #6501247820
(989) 284-3375
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 8:06PM
MLS# 50226339
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 1,660-square-foot duplex property was built in 1996 and features a contemporary ranch design. Interior details include ceramic tile flooring with in-floor heat, vaulted ceilings, and a walk-in closet. The partially finished basement is plumbed for an additional bathroom, while first-floor laundry adds utility to the layout.
A deck and patio provide private outdoor space. The finished, heated garage, central air, and forced-air heating are additional building features. Public water serves the property.
A deck and patio provide private outdoor space. The finished, heated garage, central air, and forced-air heating are additional building features. Public water serves the property.
Key Highlights
- 1,660 square feet
- Contemporary ranch design, built in 1996
- Ceramic tile flooring with in‑floor heat and vaulted ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,705
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,100
$194.1K
Cap Rate 7%
$138,643
$138.6K
Cap Rate 9%
$107,833
$107.8K
Market Conditions
NOI Build-Up for 1,660 SF
Gross rent
$14.9K $9.00/SF
− Vacancy
−$1.1K −$0.65/SF
EGI
$13.9K $8.35/SF
− OpEx
−$4.2K −$2.51/SF
NOI
$9.7K $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%
$194,100
Cap Rate 7%
$138,643
Cap Rate 9%
$107,833
Alternative Uses
Best Use
Multifamily LT 5
$138.6K
$121.3K – $161.8K
NOI $9,705 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$130.3K
$114.0K – $152.0K
NOI $9,121 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$300.5K
$263.0K – $350.6K
NOI $21,036 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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Business Placement
Demographics for 48706, MI
39,381
Population
18,163
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
93%
High-School Grad
66.3 sq mi
ZIP Area
594
Density / Sq Mi
$61,908
Median Household Income
$40,151
Median Earnings
$887
Median Rent
$142,300
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 - The home combines vaulted ceilings, a private outdoor area, and a finished heated garage.
Where is this duplex located?
The property is located at 5601 Spring Knoll Drive Bay City, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,660 square feet; Contemporary ranch design, built in 1996; Ceramic tile flooring with in‑floor heat and vaulted ceilings
