This home's estimate is 50.8% lower than the average sale price ($269K) of 6 comparable homes.
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497 OTT Rd, Bay City, MI 48706
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About this home
Excellent investment opportunity in desirable Monitor Township! This fully vacant 3-unit multi-family property sits on approximately one acre in the county and offers tremendous potential for an investor or renovator looking to add value and generate future rental income. Unit 1 features a one bedroom, one bath layout with a kitchen/living room combination and separate private entrance. Unit 2 offers one bedroom, one bath, an eat-in kitchen, and living room. The upper Unit 3 includes 2 bedrooms, a full bath, eat-in kitchen, and spacious living room. Property is fully electric with separate electric service for each unit. City water is shared and not separately metered. Two large septic tanks are located in the backyard. Additional exterior features include a very large shed, wrap-around porch, fire pit area, and plenty of outdoor space on the expansive one-acre lot. Michigan basement access is located under the porch near Unit 1 entrance. Property is being sold as-is and is ready for an investor to renovate and prepare for new tenants. Great opportunity with country-style living while still being conveniently located near town amenities.

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Last updated August 2026
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Sale and tax history for 497 OTT Rd
- Sale History
- Tax History
$40/sq ft
$45/sq ft
Public record
Property details
Parking
- Parking/Garage Information
- Parking: 3 Or More Spaces
Interior
- Interior Features
- Appliances: Microwave, Range/Oven, Refrigerator
- Has Basement
- Bathroom Information
- # of Bathrooms (Full): 3
- # of Baths/Lavatories (Total): 3
- Laundry/Basement Information
- Basement Type: Mi Basement, Outside Entrance
Exterior
- Exterior Features
- Exterior Construction: Aluminum, Vinyl Siding, Wood
- Exterior Features: Porch
- Foundation Type: Basement
- Property Information
- Property Type: Multi-Family
- Sub Structure Types: Shed
- Structure Style: 2 Story
- Styles: Farm House
- Year Built: 1890
- Lot Information
- Lot Size: 1
- Zoning: Multi-Family
- Land Information
- Acreage: 1
- Roads: Paved Street, Country
Financial
- Tax/Assessments Information
- Taxable Value Year: 2025
- Taxable Value: $49,362
- Total Tax Year: 2025
- Total Tax Amount: $2,533
- Summer Tax Year: 2025
- Summer Tax Amount: $1,581
- Winter Tax Year: 2025
- Winter Tax Amount: $952
Utilities
- Utility Information
- UTILITIES: Electricity Connected, Water Connected
- Separate Heat: Yes
- Water Heater: Electric
- Water: Public Water
- Separate Electric
- Separate Gas
- Fuel Type: Electric
- Separate Heat
- Heating System: Electric Heat
- Sewer Septic: Septic
Location
- Mult-Unit Information
- Total Expenses: $8,069
- # of Units (Total): 3
- Total Expenses: $8,069
- Net Operating Income: 0
- Unit 1 Information
- Unit 1 Occupied Y/N: No
- Bedroom 1 Level: Main
- Bedroom 1 Dimensions:
- Dining Room Level: Main
- Kitchen Level: Main
- Living Room Level: Main
- Living Room Dimensions:
- Unit 2 Information
- Bedroom 1 Level: Main
- Bedroom 1 Dimensions: 13 x 11
- Kitchen Level: Main
- Kitchen Dimensions: 12 x 11
- Living Room Level: Main
- Living Room Dimensions: 15 x 13
- Unit 3 Information
- Bedroom 1 Dimensions:
- Bedroom 2 Dimensions:
- Bedroom 1 Level: Upper
- Bedroom 2 Level: Upper
- Kitchen Level: Upper
- Kitchen Dimensions: 15 x 11
- Living Room Level: Upper
- Living Room Dimensions: 16 x 13
- Homeowners Association Information
- ASSOCIATION FEE INCLUDES: Water
- Association/Landlord Pays: Lawn Maintenance, Snow Removal, Trash Removal, Water/Sewer
- School Information
- School District: Bay City School District
- School District: Bay City School District
- Address Information
- Street Designation: Road
- Location Details
- Directions: ON THE CORNER OF 7 MILE AND OTT RD BETWEEN NORTH UNION AND WHEELER RD
- Municipality Type: Township
- Municipality: Monitor Twp
- Mail City: Bay City
- Location: Corner Lot, Rural
- Subdivision: NONE
- Municipality: Monitor Twp
- Area (Municipality): Monitor Twp (09010)
Public facts
- Beds: 4
- Baths: 3.0
- Sq. Ft.: 2,006
- Stories: —
- Lot Size: 1 acres
- Style: Single Family Residential
- Year Built: 1890
- Year Renovated: —
- County: Bay County
- APN: 100-007-200-090-00
Other
- Listing Information
- Originating MLS: Bay County REALTOR Association
Around this home
Schools
Public K-5 • Assigned • 2.6mi
Public 6-8 • Assigned • 3.0mi
Public 9-12 • Assigned • 3.0mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 96° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
Exceptional sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Sell confidently with a local market expert in Bay City.
Nearby similar homes
New listings for sale in 48706
Home values near 497 OTT Rd
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | - Sq. Ft. | $27,404 |
2 Beds | 1 Baths | 960 Sq. Ft. | $156,764 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2.5 Baths | 1296 Sq. Ft. | $269,787 |
- Beds | 1.5 Baths | 1550 Sq. Ft. | $239,931 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 1954 Sq. Ft. | $414,434 |
- Beds | 2 Baths | 1944 Sq. Ft. | $247,852 |
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