About This Home

This 7-bedroom, 0-bathroom residential multi family at 1500 Center Avenue in Bay City, MI is listed for $380,000. Built in 1900, on a 0.62 acres lot.

Key Features

  • Built in 1900
  • 0.62 acre lot
  • 5 parking spaces

Property Details

8 full
5 spaces
1900

Amenities

A/C
Listing Description

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 occupancy 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 is fully occupied and benefits from strong rental demand in the area.

The property also features a detached garage and 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!

Monthly Cost Estimate

$2,032/mo

20% down · 6.5% · 30 years

Principal$275
Interest$1,647
Insurance$111

Estimates only. Actual payments may vary.

Location

1500 Center Avenue

Bay City, MI 48708

Property Details

Construction

Vinyl Siding Wood Siding

Heating

Steam

Cooling

Wall Unit(s)

Questions & Answers

This 7-bedroom, 0-bathroom residential multi family at 1500 Center Avenue is listed at $380,000. The estimated monthly payment is $2,032 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.62 acre lot, 5 parking spaces.

This property is listed by Drew Denham.

DD

Drew Denham

Agent at Grand Rapids North Market Center, LLC

Listed by Grand Rapids North Market Center, LLC · Broker phone: (616) 447-9100 · View on Broker Site · Broker website

MLS# 26031029· Source: Michigan Regional Information Center, LLC.· 131 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1500 Center Avenue, Bay City, MI 48708

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