$819,900
$55K PRICE DROP

701 Center Ave Bay City, MI 48708

Estimated payment $5,395/month

Total Views 42,297
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Corner Lot: Yes
  • Hot Water Heating System
  • Laundry Facilities
  • Forced Air Heating System

About This Home

Welcome to 701 Center Ave, a beautifully restored Second Empire home built in 1876 by James and Margaret Shearer. This historic gem features 16 units—5 one-bedrooms, 1 two-bedroom, and 10 studios—blending timeless elegance with modern upgrades. Inside, you'll find preserved architectural details including a grand staircase, ornate plasterwork, and fireplaces, along with recent improvements such as a new roof, refinished windows, new gutters, off-street parking, on-site laundry, and efficient boiler heat (with gas, water, and sewer covered by the owner). Currently, 10 units are operating as Airbnbs with high upside, while the remaining units are leased to long-term tenants, offering steady income and room for future growth. Located just steps from downtown Bay City, the property offers walkable access to dining, shopping, and entertainment. This is a rare opportunity to own a historically significant property with strong potential in a prime location.

Listing Agent

Drew Denham

Keller Williams GR North (Main) License #6506047679 Listed on: 03/10/2025

Keller Williams GR North (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,930

Year Built

  • Built in 1870

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 105x100
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 17 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Phone Available
  • Cable TV Available

Community Details

  • 16 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,930

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 110.38
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 105x100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: Unknown
  • General Property Info:Total _pound_ Units: 16
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Unpaved: Yes
  • Heat Type:Hot Water: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Common Area: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Welcome to 701 Center Ave, a beautifully restored Second Empire home built in 1876 by James and Margaret Shearer. This historic gem features 16 units—5 one-bedrooms, 1 two-bedroom, and 10 studios—blending timeless elegance with modern upgrades. Inside, you'll find preserved architectural details including a grand staircase, ornate plasterwork, and fireplaces, along with recent improvements such as a new roof, refinished windows, new gutters, off-street parking, on-site laundry, and efficient boiler heat (with gas, water, and sewer covered by the owner). Currently, 10 units are operating as Airbnbs with high upside, while the remaining units are leased to long-term tenants, offering steady income and room for future growth.
  • Remarks Misc: Agent Only Remarks: 5 units are occupied with long-term tenants, 10 units are Airbnb's, 1 unit is vacant. The listing agent will try to accommodate showings for as many units as possible. Please allow 24-48 hour notice for showings. See the attached list of repairs made in the last year. 2024 Financials are available upon request. Pre-approval/proof of funds to be emailed to the LA prior to showing - drewdenham@kw.com. BATVAI.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 819900.0
  • Lot Features: Level, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 17.0
  • General Property Info:Total Parking Spaces: 17.0

Utilities

  • Heating: Forced Air, Hot Water
  • Heating: Yes
  • Laundry Features: Common Area, In Basement
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Dimensions: 105x100
  • Lot Size Sq Ft: 14505.0
  • Zoning Description: Unknown

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 16

Tax Info

  • Tax Annual Amount: 12930.27
  • Tax Year: 2023

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2025 10/28/25 Price Changed $819,900 -4.7% --
09/17/2025 09/17/25 Price Changed $859,900 0.0% --
08/01/2025 08/01/25 Rented $800 0.0% --
07/29/2025 07/29/25 Under Contract -- -- --
06/26/2025 06/26/25 For Rent $800 0.0% --
03/10/2025 03/10/25 For Sale $875,000 +56.3% --
11/10/2021 11/10/21 Sold $560,000 -4.3% $75 / Sq Ft View Prior Sale
11/09/2021 11/09/21 Pending -- -- --
06/11/2021 06/11/21 For Sale $585,000 -- $79 / Sq Ft
Source: MichRIC

Source: MichRIC

MLS Number: 25008700

MichRIC
Michigan Bay County Bay City 48708

701 Center Ave, Bay City, MI

For Sale

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Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes
Drew Denham
Listing Agent
Drew Denham
Section Image
Keller Williams GR North (Main)
(989) 559-7155