Angela Thomas
BEDS0
BATHS
MLS#26031029
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBay City
Property Description
Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay Citys 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 Citys 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 youre looking for a long-term hold or a value-add investment, 1500 Center Ave presents a compelling opportunity to grow your portfolio.Dont miss your chance to own a classic Bay City investment property!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Wall Unit(s)
Heating: Steam
Lot Size: 0.62 Acres
Roof Type: Composition
Taxes: $4,224
Year Built: 1900
Feature Descriptions
Exterior: Vinyl Siding, Wood Siding, Other
Lot: Level, Sidewalk, Corner Lot
Lot Dimensions: 100x135
Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
Parcel Number: 09-160-022-358-001-00
Parking: Paved
Parking Total: 5
Road Surface: Paved
Sewer: Public Sewer
Sub Type: 5+ Units
Tenant Pays: None
Units: 7
Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Local Schools
School District: Bay City
Listed By / Shown By
Listed By
Agency Name: Keller Williams GR North
Agent Name: Drew Denham
Agency Phone: 616-447-9100
Shown By
Agent Name: Angela Thomas
Agent Phone: (734) 985-1818
Agency Title: Key Realty
 | The property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 06/22/2026. |
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Estimated Payment
$ 2,853.29 per month $2,377.33 Principal & Interest $352.00 Property Tax $123.96 Homeowner's InsuranceChange Payment Information
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Agent License Information: Brokerage/Company License Number: MI-65-05366134
1500 Center Avenue | MLS# 26031029
This multi-family property located at 1500 Center Avenue, Bay City, MI 48708 is currently listed for sale with an asking price of $425,000. Center Avenue is located within the Bay City school district. Search Bay City real estate on angelathomas.ikeyrealty.com today.