$109,000
$6K PRICE DROP

502 E South Union St Bay City, MI 48706

Estimated payment $780/month

Total Views 29,456
3 Beds
2 Baths
1,318 Sq Ft
$83 Price per Sq Ft

About This Home

This well taken care of rental property has 2 units with a full basement. The electric and gas are split. City rental certification expires on 1/26/2026. Numerous updates throughout including many new windows, new siding, exterior paint, both hot water tanks and unit 2 new furnace. The basement has egress windows and laundry hook up. There is a nice size city lot with minimal fencing needed to fully fence in the back yard. The screened in front porch is a great place for fresh air and relaxation. Located near Midland Street Historical District, Riverwalk and Bay City Loop.

Listing Agent

Brittini Rase

All Star Real Estate License #BCRA-6501372313 Listed on: 06/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50x94

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 160-020-254-002-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,192

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Originating MLS: Bay County REALTOR Association
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2191.73
  • Total Tax Year: 2024
  • Year Built: 1920
  • Mail City: Bay City
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1318

Exterior Features

  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Floor Furnace
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 160-020-254-002-00
  • Lot Dimensions: 50x94
  • Acreage: 0.11
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2024, Amount: $1,684.87
  • Winter Tax: Year: 2024, Amount: $506.86
  • Total Tax: Year: 2024, Amount: $2,191.73
  • SEV Year: 2025

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Bay City School District

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,192 $47,600 $0 $0
2024 $1,685 $39,150 $0 $0
2023 $1,604 $36,750 $0 $0
2022 $1,742 $32,900 $0 $0
2021 $1,652 $30,300 $30,300 $0
2020 $1,720 $26,950 $26,950 $0
2019 $1,689 $25,600 $0 $0
2018 $1,666 $24,750 $0 $0
2017 $1,684 $25,050 $0 $0
2016 $2,398 $25,150 $0 $25,150
2015 $1,056 $21,450 $0 $21,450
2014 $1,056 $21,650 $0 $21,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $109,000 -5.2% $83 / Sq Ft
06/21/2025 06/21/25 For Sale $115,000 +447.6% $87 / Sq Ft
08/31/2017 08/31/17 Sold $21,000 -18.9% $16 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $25,900 -0.4% $20 / Sq Ft
09/23/2016 09/23/16 Sold $26,000 0.0% $20 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/25/2016 07/25/16 For Sale $26,000 0.0% $20 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $26,000 -- $20 / Sq Ft
Source: Bay County Realtor® Association MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $21,000 None Available
Deed $26,000 Ata National Title Group Llc
Warranty Deed -- Attorney
Warranty Deed -- Attorney
Quit Claim Deed -- None Available
Sheriffs Deed $27,750 None Available
Warranty Deed $46,500 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $44,550 FHA
Source: Public Records

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Source: Bay County Realtor® Association MLS

MLS Number: 50179248

Bay County Realtor® Association MLS

APN: 09-160-020-254-002-00