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  • $875,000

    701 Center Ave, Bay City, MI 48708

    17beds
    16baths
    7,428sqft
    : 
    5+ Units
    Built in 1870
    -- sqft lot
    $-- Zestimate®
    $118/sqft
    $-- HOA

    What's special

    Preserved architectural detailsEfficient boiler heatGrand staircaseOff-street parkingNew roofOn-site laundryRestored second empire 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.
    165 days
    on Zillow
    |
    973
    |
    44
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 23, 2025 at 08:12am

    Listed by:

    Drew Denham 616-920-1953,

    Keller Williams GR North (Main) 616-447-9100

    Source: MichRIC,MLS#: 25008700MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 701 Center Ave.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 17
    • Bathrooms: 16
    Heating
    • Forced Air, Hot Water
    Appliances
    • Laundry: Common Area, In Basement
    Features
    • Basement: Full
    • Number of fireplaces: 1
    Interior area
    • Total interior livable area: 7,428 sqft

    Property

    Parking
    • Total spaces: 17
    • Parking features: Unpaved
    Lot
    • Size: 0.33 Acres
    • Dimensions: 105 x 100
    • Features: Level, Corner Lot
    Details
    • Parcel number: 16002145400300
    • Zoning description: Unknown

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 5+ Units
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1870

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

    Community & HOA

    Location
    • Region: Bay City

    Financial & listing details

    • Price per square foot: $118/sqft
    • Tax assessed value: $190,102
    • Annual tax amount: $12,930
    • Date on market: 3/10/2025
    • Listing terms: Cash
    • Tenant pays: Electricity
    • Electric utility on property: Yes
    • Road surface type: Paved
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