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.
For sale
$425,000
2311 22nd St, Bay City, MI 48708
8beds
3,132sqft
:
Get pre-qualified$3,239/mo
Multi Family
Built in 1962
-- sqft lot
$416,700 Zestimate®
$136/sqft
$-- HOA
What's special
- 301 days |
- 210 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Jonathan Minerick 888-400-2513,
HomeCoin.com 888-400-2513
Source: MiRealSource,MLS#: 50189995
Originating MLS: MiRealSource
Originating MLS: MiRealSourceFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other-See Remarks
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 3,132
- Total interior livable area: 3,132 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.28 Acres
- Dimensions: 0.28
Details
- Parcel number: 16002736400600
- Special conditions: Other/See Remarks
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Basement
Condition
- Year built: 1962
Utilities & green energy
- Sewer: Other-See Remarks
- Water: Other-See Remarks
Community & HOA
Community
- Subdivision: None
Location
- Region: Bay City
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $171,300
- Annual tax amount: $3,542
- Date on market: 9/30/2025
- Cumulative days on market: 134 days
- Listing terms: Cash,Conventional
- Lease term: Long Term
Estimated market value
$416,700
$396,000 - $438,000
$1,036/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Listed for sale | $425,000-3.2%$136/sqft |
Source:  MiRealSource #50189995 Report a problem | ||
| 12/12/2025 | Listing removed | $439,000$140/sqft |
Source: MiRealSource #50189995 Report a problem | ||
| 11/28/2025 | Price change | $439,000-2.4%$140/sqft |
Source: MiRealSource #50189995 Report a problem | ||
| 10/23/2025 | Price change | $450,000-5.3%$144/sqft |
Source: MiRealSource #50189995 Report a problem | ||
| 10/8/2025 | Price change | $475,000-4.8%$152/sqft |
Source: MiRealSource #50189995 Report a problem | ||
| 9/30/2025 | Listed for sale | $499,000+121.8%$159/sqft |
Source: MiRealSource #50189995 Report a problem | ||
| 7/14/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/19/2025 | Listed for sale | $225,000+97.4%$72/sqft |
Source: Owner Report a problem | ||
| 9/23/2013 | Sold | $114,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,451 +5.6% | $85,650 +23.6% |
| 2024 | $3,268 | $69,300 +6.5% |
| 2023 | -- | $65,100 +12.7% |
| 2022 | -- | $57,750 +8% |
| 2021 | -- | $53,450 +13.7% |
| 2020 | $2,911 | $47,000 +5.1% |
| 2019 | -- | $44,700 +3.4% |
| 2018 | $2,911 -13.3% | $43,250 +1.1% |
| 2017 | $3,356 | $42,800 -9.7% |
| 2016 | $3,356 | $47,400 -10.5% |
| 2015 | $3,356 -15.4% | $52,950 -10.9% |
| 2014 | $3,969 | $59,450 -6.1% |
| 2013 | -- | $63,300 +1% |
| 2012 | -- | $62,700 -22.5% |
| 2011 | -- | $80,950 +18% |
| 2010 | -- | $68,600 -15.2% |
| 2009 | -- | $80,850 -8.1% |
| 2008 | -- | $88,000 +9.7% |
| 2007 | -- | $80,250 +5% |
| 2006 | -- | $76,450 |
| 2005 | -- | $76,450 +10.3% |
| 2004 | -- | $69,300 +4.4% |
| 2003 | -- | $66,400 |
| 2002 | $3,281 | $66,400 +8.1% |
| 2000 | -- | $61,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 48708
Nearby schools
GreatSchools rating
- 6/10Washington Elementary SchoolGrades: PK-5Distance: 1 mi
- 4/10Handy Middle SchoolGrades: 6-8Distance: 2.6 mi
- 6/10Bay City Central High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Bay City School District
Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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