For sale

$399,900

Est. $2,570/mo

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sq ft

1500 Center Ave, Bay City, MI 48708-5101

About this home

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,

Multi-familyProperty Type

1900Year Built

0.62 acresLot Size

Listed by Drew Denham • Keller Williams GR North

•616-447-9100 (broker)

Listing updated: Jul 30, 2026 at 04:06pm

Redfin checked: 2 minutes ago

•Source:MiRealSource-MiMLS #70540723

Payment calculator

$2,570 per month

Principal and interest$2,075

Property taxes

$352

HOA dues

Home insurance

$143

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

Washington Elementary School

Public PreK-5 • Assigned • 0.3mi

6/10

Handy Middle School

Public 6-8 • Assigned • 1.9mi

4/10

Bay City Central High School

Public 9-12 • Assigned • 0.6mi

6/10

Provided by GreatSchools

About Johnson

Street

Johnson Street, located between Center Avenue and the Saginaw River, is a residential and river-adjacent Bay City neighborhood with a grid of walkable blocks and a working-waterfront backdrop. The neighborhood’s character concentrates around the Center Ave & Johnson St corner, where corner storefronts, service counters, and porch-lit sidewalks set a steady, lived-in rhythm. Nearby, the Bay City State Park Visitor Center and Tobico Marsh trails add a nature-forward counterpoint to the streetscape. Housing reads as practical Midwestern stock—compact bungalows, two-story frame homes, and tidy lots with alley access. River views and passing freighters shape the daily atmosphere. Downtown’s historic blocks sit close enough to frame the skyline without overtaking the neighborhood’s quieter cadence.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Steam heat system

Laundry & utility
On-site laundry facility

Heating & cooling
Natural gas fuel for heating

Sale and tax history for 1500 Center Ave

Sale History
Tax History

Date

Event

Price

REALCOMP #65026031029

Jul 24, 2026

Price Changed

$399,900

Jun 22, 2026

Listed

$425,000

+43

MiRealSource-MiMLS #70540723

Jul 24, 2026

Price Changed

$399,900

Jun 22, 2026

Listed

$425,000

Public record

Beds

—

Baths

Stories

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Lot width

100 ft.

Lot depth

135 ft.

Lot size

0.31 Acres

Year renovated

—

Finished Sq. Ft.

4,731

Unfinished Sq. Ft.

2,416

Total Sq. Ft.

7,147

Year built

1900

Style

Single Family Residential

County

Bay County

APN

0916002235800100

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

Historical weather

Bay City, MI • 48708-5101

Average low and high temperatures (°F)

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Sun exposure

92/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.4 hrs

5.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 1500 Center Ave

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