Bay County, MI Real Estate | Bay County, MI Multi-Family Homes for Sale

Investment Opportunity on Bay City's East Side! Expand your portfolio with this exceptionally well maintained, fully occupied four unit rental property on Bay City's East Side. Opportunities like this don't come around often, especially one that's been cared for with this level of pride and attention to detail. Whether you're a seasoned investor or looking to purchase your first income producing property, this turnkey investment is ready to generate cash flow from day one. The current owner has made significant improvements throughout the property, including a completely refinished foundation and a new roof in 2022. In 2025, the exterior was professionally scraped and painted, with damaged boards replaced as needed. Additional updates include a rebuilt front porch with repaired pillars and steps completed in 2024, plus extensive landscaping enhancements and a durable stone-crete driveway. Apartment #2 has also been beautifully remodeled with a new kitchen, updated bathroom, new windows, flooring, and more. Inside, a grand common staircase welcomes tenants and adds to the property's historic charm. The building offers a strong unit mix: Unit 1: Studio apartment with private kitchen and bathroom. Unit 2: Fully remodeled one-bedroom featuring a spacious living room, updated kitchen, and full four-piece bathroom. Unit 3: One-bedroom apartment with living area, kitchen, and private bath. Unit 4: Studio apartment with kitchen and bathroom. All kitchen appliances are included with the sale, along with the coin-operated washer and dryer located in the basement, providing additional income potential. Best of all, all four units are currently occupied, with the tenants in Units 1, 3, and 4 being long-term residents who have expressed their desire to remain after the sale offering immediate, stable rental income for the next owner. If you're looking for a quality investment with strong rental history, extensive recent improvements, and reliable cash flow, this East Side four-unit is one you won't want to miss. Schedule your private showing today!

502 Wilson Street, Bay City

$110,000

5 Beds ⋅ 3 Baths ⋅ 50215024 MLS

Endless Possibilities in Bay City’s South End! Discover this spacious 5-bedroom, 3-bathroom property offering incredible flexibility for investors and homeowners alike! Currently operating as a multi-family income property, this home can easily be converted back into a large single-family residence, making it a fantastic opportunity for a variety of buyers. Inside, you’ll find generous living space with plenty of room for a growing family or continued rental income. Additional features include central air conditioning, a full basement providing ample storage or future finishing potential, and a one-car attached garage for added convenience. Situated in Bay City’s desirable South End, this property offers easy access to schools, parks, shopping, restaurants, and major roadways. Whether you’re looking to expand your investment portfolio, create your dream family home, or enjoy the flexibility of both, this unique property is full of potential. Don’t miss your chance to own this versatile Bay City gem—schedule your private showing today!

717 15th Street, Bay City

$625,000

11 Beds ⋅ 9 Baths ⋅ 50214774 MLS

Unique opportunity to become a part of Bay City’s history: for your consideration is a 8622 Sq.Ft. Tudor-style mansion built in 1900, converted into spacious,comfortable apartments in the 20s. With this purchase, you are not only buying into Center Ave lore, you are purchasing a highly successful rental and Airbnb business. The owner has carefully and meticulously upgraded the units with modern appliances, appealing design and luxury finishes to highlight the features that you only see in historic mansions. The tenants and guests enjoy the tall ceilings, hardwood floors and sprawling spaces these units provide.The AirBNB vacation rental business has been successfully in place since 2018 and has a loyal following of repeat guests. There's really no other place in the Tri Cities that offers this

1213 Center Avenue, Bay City

$128,000

3 Beds ⋅ 2 Baths ⋅ 50214619 MLS

Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this well-maintained and nicely updated duplex is a fantastic opportunity! The lower unit is occupied and offers a spacious 2-bedroom, 1-bath layout with updated flooring, fresh paint, and a newer bathroom. The upper unit is vacant and move-in ready, featuring its own updates including fresh paint, new flooring, updated bathroom, and generous walk-in closets for plenty of storage. Newer windows, a full basement with abundant storage, a beautifully landscaped yard, and a newer front porch complete the package adding curb appeal. With one unit already generating income and the other ready to rent, this property is ready for its next owner.

1401 Garfield Avenue, Bay City

$349,900

4 Beds ⋅ 3 Baths ⋅ 50213449 MLS

Newly renovated historic Bay City duplex with updated modern appliances, granite countertops, LVP+ flooring, freshly painted interior and exterior with two laundry rooms, new concrete double car driveway with a block wall around the corner lot with flagstone, stamped concrete, and koi pond. Outdoor kitchen with propane grill and natural stone fireplace. Two newly renovated porches and a fully finished basement with built-in hot tub integrated into a bamboo spa area. Updated electric, instant water heater (tank-less) supplies entire home. Updated furnaces in the last 4 years. Two AC systems (last 3 years). Two laundry rooms. Finished basement and first floor have integrated in-wall multi-zone audio speakers for music / TV (Connect via Blue-Tooth). Walking distance from downtown and to school system. Just off Center St. Can easily function like a single family home, the first and second story are separated by an interior door. 3D tour and blueprint layout: https://www.zillow.com/view-imx/d5ffa9cb-dd22-48ae-903c-2220cfabe691?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard Seller to remove dining room chandelier, living room chandelier and matching pendant light from property prior to closing. Zoned R2 but functions great as a single family home with an extra kitchen and laundry! Link to other listing with Single Family option: https://zsvc.paragon.ice.com/s/goto/iriC7l94XS

1010 6th Street, Bay City

$39,900

3 Beds ⋅ 1 Baths ⋅ 50213091 MLS

Opportunity on Columbus! This 3 bedroom, 1 bathroom home has been taken down to the studs and is ready for its next chapter. Featuring a spacious first floor primary bedroom, bathroom, and practical layout, this home offers a strong foundation for a DIY project or professional renovation. The interior has been cleaned out and brought to a solid starting point, with no smoke or fire odors and some original character still intact. While utilities are currently disconnected, the major mechanical components remain in place, including a gas forced-air furnace (2022), gas water heater (2011), central A/C unit (disconnected; age unknown), copper and PVC plumbing, grounded wiring on the first floor, and quality windows throughout. The exterior will require some TLC, but the interior has been professionally torn out, allowing the next owner to focus on bringing their vision and get right to work. Available for immediate Go and Show Showings - Contact an agent to schedule.

1711 Columbus Avenue, Bay City

$119,000

4 Beds ⋅ 2 Baths ⋅ 50212507 MLS

Money Maker. Ideal owner occupied 2-unit. Excellent move-in Condition. Seperate Utilities except water. Awesome location with easy access to the Midland st business district. New roof in 2024. Lots of new windows. Nicely updated baths. All applainces and most furniture can remain. Would make a nice VRBO rental for River lovers. Awesome Party Patio for relaxing and watching the fireworks. Washers and dryers remain. Newer sewer lines. Privacy Fence. Nice screened porch. Must see to believe. Contact the agent today.

213 S Henry Street, Bay City

$399,900

70540723 MLS

Welcome to 1500 Center Ave! A rare opportunity to acquire a 7-unit apartment building in the heart of Bay City's historic Center Avenue corridor. Owned by the same family for the past 30 years, this property offers stable occupancy and significant upside potential. Recent improvements include a complete rebuild of the steam boiler system, a new porch roof, and a new garage roof, helping reduce future capital expenditure needs. Located on one of Bay City's most iconic streets, the property is fully occupied and benefits from strong rental demand in the area. The property also features a detached garage and off-street parking, amenities that are increasingly difficult to find in historic multifamily properties. With below-market rents and long-term ownership, investors will appreciate the opportunity to increase income over time while acquiring a well-maintained asset in a highly desirable location. Whether you're looking for a long-term hold or a value-add investment,

1500 Center Avenue, Bay City

$120,000

80069999 MLS

MOTIVATED SELLER MAKE OFFER now $120k Income-producing multi-family property! This 3-bedroom, 1,100 sq. ft. investment duplex offers excellent rental income potential with a full basement, fenced backyard, and 2-car garage. The furnished 650 sq. ft. studio apartment creates an additional income stream, making this a standout cash-flow opportunity for investors or owner-occupants. Affordable, income-generating real estate with value-add potential and long-term wealth-building opportunities.

310 N Mountain Street Lot: 9, Bay City

$165,000

80069348 MLS

Looking for a property that can help build your future? This duplex in the heart of Pinconning offers the flexibility to generate rental income from day one while creating even more opportunity for tomorrow. The upper unit is already tenant occupied, providing immediate rental income, while the recently updated lower unit is vacant and ready for a new tenant or owner occupant. Situated on a spacious corner lot, the property features generous room sizes, separate living spaces, a welcoming front porch, an upper level deck, and a detached two car garage offering valuable storage and tenant convenience. The lower unit offers approximately 1,085 square feet with two bedrooms, one bath, a spacious living room, dining area, updated kitchen cabinetry, and fresh neutral finishes, creating a comfortable move in ready space. Whether you choose to rent both units, live in one while generating income from the other, or continue making improvements to build additional equity, this property offers the flexibility to fit your goals. Conveniently located near downtown Pinconning, schools, parks, shopping, and everyday amenities, this is an excellent opportunity for both first time investors and experienced buyers looking to grow their portfolio. Whether you're investing in your future or creating another stream of income, this duplex offers the opportunity to earn today while building equity for tomorrow.

214 W 2nd Street, Pinconning

$159,900

4 Beds ⋅ 2 Baths ⋅ 50209773 MLS

This two-story historic home on McKinley Avenue has been thoughtfully converted into a fully occupied duplex — and it's already doing the work for you. Unit 2 upstairs has been fully renovated and is currently leased. Unit 1 on the main floor is occupied and is ready for a cosmetic refresh when the time is right — a straightforward opportunity to add value. Combined, the property brings in strong gross rents with a solid Net Operating Income — full details available in supplements. Each unit offers two bedrooms and one full bath, with a layout that gives both tenants a full floor to themselves. Shared access to the basement means laundry is covered, and the garage rounds out the amenities nicely. In back, there is room for 4 or more vehicles in the driveway, plus a fenced pet run, which is one of those little details that keeps good tenants around.

1706 Mckinley Avenue, Bay City

$129,900

4 Beds ⋅ 2 Baths ⋅ 50209362 MLS

Essexville 2 Unit property. Lower Unit includes 3 bedrooms and 1 bath. Upper Unit includes 1 bed and 1 bath with a spacious living room/dining room area. Both units share additional basement storage plus there are 2 washer/dryer hookups available so each unit can have its own laundry. Appliances on site are available with the sale. Both units are currently on month to month leases. Tenants pay all utilities. Spacious driveway provides plenty of parking space.

1006 Main Street, Essexville

$94,900

4 Beds ⋅ 2 Baths ⋅ 50209318 MLS

Bay City duplex offering great flexibility for investors or owner occupants alike. The lower unit features 3 bedrooms and 1 full bathroom, while the upper unit offers 1 bedroom and 1 full bathroom. Property includes separate utilities, a full basement, and approximately 1,498 square feet of living space. Conveniently located just minutes from Euclid Avenue and Wilder Road with quick access to shopping, dining, restaurants, and everyday amenities. Great opportunity for rental income or multi-unit living.

106 S Chilson Street, Bay City

$450,000

8 Beds ⋅ 6 Baths ⋅ 50208832 MLS

Renovated historic charm. New roof. Prime location. Maximize your portfolio with this historic five-unit mansion conversion, perfectly positioned near Bay City’s Center Avenue Historic District and vibrant downtown entertainment. All the heavy lifting has already been done for you, highlighted by a new roof. Recent interior renovations meticulously enhance the property’s vintage architectural charm while introducing premium modern comforts. This turnkey asset offers exceptional revenue flexibility with multiple income streams, anchored by an upscale, 2,000-square-foot first-floor unit that is optimized for high-margin short-term rental use (Airbnb/VRBO) or owner-occupancy. Balanced by steady rental income from the remaining units, the property effortlessly capitalizes on year-round local demand driven by riverfront festivals, summer tourism, and traveling professionals. Character-rich, updated, and highly adaptable, this unique investment is completely ready for its next chapter.

701 N Lincoln Street, Bay City

$450,000

8 Beds ⋅ 6 Baths ⋅ 50208833 MLS

Renovated historic charm. New roof. Prime location. Maximize your portfolio with this historic five-unit mansion conversion, perfectly positioned near Bay City’s Center Avenue Historic District and vibrant downtown entertainment. All the heavy lifting has already been done for you, highlighted by a new roof. Recent interior renovations meticulously enhance the property’s vintage architectural charm while introducing premium modern comforts. This turnkey asset offers exceptional revenue flexibility with multiple income streams, anchored by an upscale, 2,000-square-foot first-floor unit that is optimized for high-margin short-term rental use (Airbnb/VRBO) or owner-occupancy. Balanced by steady rental income from the remaining units, the property effortlessly capitalizes on year-round local demand driven by riverfront festivals, summer tourism, and traveling professionals. Character-rich, updated, and highly adaptable, this unique investment is completely ready for its next chapter.

701 N Lincoln Street, Bay City

$116,000

3 Beds ⋅ 2 Baths ⋅ 50207370 MLS

2 unit - multifamily, both units currently rented. Two bed / 1 bath unit, one bed / 1 bath unit. Owner pays electric and water, gas separated.

400 S Kiesel Street, Bay City

$125,000

5 Beds ⋅ 3 Baths ⋅ 50207242 MLS

Strong investment opportunity in Bay City with this fully occupied 3-unit building in a high-demand rental area. Generating $2,175/mo gross rent, this property offers immediate cash flow & solid upside potential. Ideal for investors looking to scale quickly at an affordable entry point. Located near downtown, shopping, dining & major routes for tenant convenience. A turn-key, income-producing asset with consistent occupancy—add to your portfolio or start building one today!

415 N Birney Street, Bay City

$189,900

2 Beds ⋅ 1 Baths ⋅ 50206926 MLS

What a great place to watch ships come in as you enjoy the summer breezes and cook outs on the wrap around deck. Around the corner from dockage, public boat launch and yacht club. Low traffic, large corner lot with a car and 1/2 garage. Ideal low traffic area for those who enjoy fishing, bike riding, strolls or running. Could be a lucrative investment property. Easy to see.

200 Sunrise, Bay City

$196,900

3 Beds ⋅ 2 Baths ⋅ 50204407 MLS

Turnkey, fully renovated duplex offering immediate cash flow and long-term investment potential just minutes from Downtown Bay City. Professionally renovated by a licensed builder, this income-producing property combines quality craftsmanship with low-maintenance ownership. Both units have been extensively updated with new flooring and windows, creating clean, modern living spaces that continue to attract quality tenants. Separate electrical systems and two brand-new furnaces simplify property management while helping reduce future maintenance concerns. The lower unit is currently occupied by a long-term tenant paying $900 per month, while the upper unit has a rental potential of approximately $650 per month, providing an excellent opportunity to increase your portfolio or offset your mortgage as an owner-occupant. Whether you're a seasoned investor seeking a turnkey addition to your portfolio or a first-time buyer looking to build wealth through real estate, this well-maintained duplex offers dependable income potential in a convenient location near Downtown Bay City, shopping, restaurants, parks, and major employers.

110 N Madison Avenue, Bay City

$144,900

4 Beds ⋅ 2 Baths ⋅ 50198673 MLS

Whether you're looking to expand your rental portfolio or purchase your first income-producing property, this Certified Rental duplex offers a compelling investment opportunity in one of Bay City's established rental markets. Conveniently located just minutes from Downtown Bay City, near Carol Park and the Johnson Street Business District, this property provides strong rental appeal with easy access to shopping, dining, parks, and major employers. Designed for efficient property management, the duplex features separate heating systems and separate hot water tanks for each unit, helping simplify utility responsibilities. Recent capital improvements include a new Concord 95 furnace (2022) serving the larger unit and new baseboard heating in the smaller unit, reducing near-term maintenance concerns. Both units are clean, well maintained, and move-in ready. The property is currently vacant, giving investors the flexibility to establish market-rate rents or allowing an owner-occupant to offset their mortgage through rental income. The smaller unit has historically rented for approximately $720 per month, while the larger unit has rented for approximately $950 per month, offering an attractive opportunity for immediate cash flow. With rental certification already in place and recently renewed, key mechanical updates completed, and a location that continues to attract tenants, this duplex is well suited for investors seeking a straightforward, income-producing asset or buyers interested in building long-term wealth through real estate.

1813 3rd Street, Bay City

$425,000

8 Beds ⋅ 4 Baths ⋅ 50189995 MLS

Investor Opportunity with Immediate Income Purpose-built brick garden-style 4-unit offering stable cash flow and long-term investment potential. Approximately 3,132 sq. ft. with four spacious 2-bedroom, 1-bath units. Each unit offers approximately 783 sq. ft. of living space plus a full basement with washer/dryer hookups. Utilities are separately metered and tenant-paid. Taxes and insurance are approximately $5,500/year. Gross rental income is approximately $48,000/year. Convenient Bay City location near hospital, schools, shopping and restaurants. Rare opportunity for investors seeking stable cash flow, low operating expenses, and long-term upside.

2311 22nd Street, Bay City

$195,000

1 Beds ⋅ 3 Baths ⋅ 50186870 MLS

Charming RM-1 zoned residential property with versatile home occupation use, perfect for live-work lifestyles! This unique home features 1 bedroom, a modern kitchen, 1 full bath, 2 half baths, a cozy living room, and a spacious recreational room. The property includes a studio currently setup as a barbershop, ideal for entrepreneurs. Enjoy ample parking and a large pole barn for additional storage or workspace. With city approval, the property could be converted to M-1 light industrial use, offering endless possibilities for commercial ventures. Conveniently located with easy access to local amenities, this property is a rare find for those seeking a blend of residential comfort and business potential. This property may qualify for Michigan OPRA tax abatement program to assist with redevelopment if you choose. Don’t miss this opportunity to own a multi-functional space tailored to your vision! Schedule a showing today.

512 Germania Avenue, Bay City

$165,000

4 Baths ⋅ 60362578 MLS

Commercial Multi family on Center! Four unit mixed use building. 3 1BR/1BA currently netting 2350 monthly. Vacant hair saloon needing light rehab. Other attractive uses include tattoo parlor, medical office space, used car sales, laundromat or whatever else you have up your sleeve. Black top parking and existing signage.

568 W Center Road, Essexville

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