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.
Active
$875,000
701 Center Ave, Bay City, MI 48708
17beds
16baths
7,428sqft
Est.:
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
- 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#: 25008700

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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