701 Center Avenue

$819,900
Price
17
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Drew Denham • Brokerage DRE #6505374302 • Keller Williams GR North (Main)
    P: (616)-920-1953 C: (616)-920-1953 drewsellsgr@gmail.com

Property Details for 701 Center Avenue

Zoning
Unknown
ZoningDescription
Unknown
LISTING UPDATED: 10/28/2025 06:00 PM

Property Details for 701 Center Avenue

StatusActive
MLS #25008700
Days on Market2712
Taxes$12,930 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1870
Lot Size0.33 AC / 14,505 SF
CountyBay County

Location

Listing Courtesy of Keller Williams GR North (Main)
Add your commute

Building Information for 701 Center Avenue

Stories-Residences16Year Built1870Building Size-Lot Size0.33 AC / 14,505 SF

Payment Calculator

$5,129 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,051

Property Taxes

$1,078

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 Center Avenue

Summary
Location and General Information
  • Cross Streets: Monroe St
  • Municipality: Bay City
  • Directions: East off of N Madison, North on Center, the building is on the north side of Center.
  • Area - Major: Outside MichRIC Area - Z
  • Street #: 701
  • Street Name: Center
  • Suffix: Avenue
  • City: Bay City
  • State: MI
  • Zip Code: 48708
  • County: Bay
  • Latitude: 43.597979
  • Longitude: -83.883085
  • Area - Minor: Outside MichRIC Area - Z
Taxes and HOA
  • Taxable Value: 190102.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 160-021-454-003-00
Parking
  • Parking Features: Unpaved
  • Parking Total: 17.0
  • Attached Garage: No
  • Driveway: Unpaved
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Level, Corner Lot
  • Lot Dimensions: 105x100
  • Lot Measurement: Acres
  • Lot Acres: 0.33
  • Lot Square Footage: 14505.0
  • Lot Size Area: 0.33
Property and Assessments
  • Tax Year: 2023
  • Road Surface Type: Paved
  • Legal: LOTS 7 & 8 & S 32 FT OF LOT 9 BLK 58 & W 10 FT OF VAC ALLEY ADJ LOWER SAGINAW
  • Property Sub-Type: 5+ Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1870
  • Video Groups: 0
Utilities
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer
  • Electric: True
  • Sewer: Public Sewer, True
  • Util Avail at Street: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Public Sewer, Public Water, Storm Sewer
  • Utilities Attached: Electricity Connected, Natural Gas Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Street Type: Paved, Public
  • Exterior Material: Brick
  • Substructure: Full
Interior Features
  • Heating: Forced Air, Hot Water
  • Laundry Features: Common Area, In Basement
  • Basement: Yes
  • Basement Yes/No: Yes
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air, Hot Water
Multi Family
Multi Family Information
  • Number of Units: 16
Unit Information
Unit 1
  • BathsTotal: 10
  • BedsTotal: 10
  • FullBaths: 10
  • HalfBaths: 0
  • ActualRent: $750.00
  • Occupied: Yes
  • SqFt: 3900.0
  • Description: Occupied Studio
Unit 2
  • BathsTotal: 5
  • BedsTotal: 5
  • FullBaths: 5
  • HalfBaths: 0
  • ActualRent: $.00
  • Occupied: No
  • SqFt: 2850.0
  • Description: 1 Bedroom
Unit 3
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $.00
  • Occupied: Yes
  • SqFt: 678.0
  • Description: 2 Bedroom
Unit 4
  • BathsTotal: 0
Unit 5
  • BathsTotal: 0
Unit 6
  • BathsTotal: 0
Unit 7
  • BathsTotal: 0
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Tenant Pays: Electric
  • Owner Pays: Gas, Sewer, Water
  • Terms Available: Cash, Other

Property History for 701 Center Avenue

DateEvent & SourcePriceAppreciation
Oct 28, 2025

Price Change

Michigan Regional Information Center #25008700

$819,900
Mar 10, 2025

Listed (Active)

Michigan Regional Information Center #25008700

$875,000
Nov 10, 2021

Sold (Public Record)

Public Record #1480526380

$560,000

+17.3% / yr

Sep 14, 2015

Sold (Public Record)

Public Record #556716945

$210,000
DateEvent & SourcePrice
10/28/2025

Price Change

Michigan Regional Information Center #25008700

$819,900
03/10/2025

Listed (Active)

Michigan Regional Information Center #25008700

$875,000
11/10/2021

Sold (Public Record)

Public Record #1480526380

$560,000

+17.3% / yr

09/14/2015

Sold (Public Record)

Public Record #556716945

$210,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 Center Avenue

Taxable ValueLand-Additions-Total-
Home Facts
Baths16Total Finished SqFt7,428 SqFtAbove Grade Finished SqFt7,428 SqFtUnfinished Basement SqFt3,248 SqFtStories3Lot Size14,375 SqFtStyleMulti-Family Res (5+ Units)CountyBAYAPN160-021-454-003-00

Schools near 701 Center Avenue

This home is within Bay City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Handy Middle School
Public6 to 8

Bay City Central High School
Public9 to 12

Bay City Virtual School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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701 Center Avenue is a multi-family home for sale in Bay City, MI 48708. This property was listed for sale on March 10, 2025 by Keller Williams GR North (Main), it's currently listed at $819,900. It has been on the market for a total of 2712 days and was last sold on November 10, 2021. This listing's school district is Bay City School District. Nearby schools include Washington Elementary School, Handy Middle School and Bay City Central High School. 701 Center Avenue is a 17-bed, 16-bath, multi-family home built in 1870.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams GR North (Main)

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