1500 Center Avenue, Bay City, MI 48708 (MLS # 50212388)
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Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay City's historic Center Avenue corridor. Owned by the same family for the past 30 years, this property offers stable rental income and significant upside potential. Recent improvements include a complete rebuild of the steam boiler system, a new porch roof, and a new garage roof, helping reduce future capital expenditure needs. Located on one of Bay City's most iconic streets, the property benefits from strong rental demand and features a detached garage along with off-street parking"”amenities that are increasingly difficult to find in historic multifamily properties. With below-market rents and long-term ownership, investors will appreciate the opportunity to increase income over time while acquiring a well-maintained asset in a highly desirable location. Whether you're looking for a long-term hold or a value-add investment, 1500 Center Ave presents a compelling opportunity to grow your portfolio. Don't miss your chance to own a classic Bay City investment property with substantial upside potential!
| DAYS ON MARKET | 0 | LAST UPDATED | 7/26/2026 |
|---|---|---|---|
| YEAR BUILT | 1876 | COMMUNITY | Bay City (09016) |
| COUNTY | Bay | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 26, '26 | $425,000 |
|---|---|
| Jul 26, '26 - Today | $399,900 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | Bay City (09016) |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| HEAT | Natural Gas, Steam |
| LOT | 0.62 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 100X135 |
| PARKING | Off Street, Parking Lot |
| SEWER | Public Sewer |
| UTILITIES | Natural Gas Available |
| WATER | Public |
| ZONING | Multi-Family |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Source MLS: MiRealSource
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