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
Multi Family
Built in 1962
-- sqft lot
$402,600 Zestimate®
$136/sqft
$-- HOA
What's special
- 255 days |
- 242 |
- 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: MiRealSourceLoading...
Facts & 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: 88 days
- Listing terms: Cash,Conventional
- Lease term: Long Term
Estimated market value
$402,600
$382,000 - $423,000
$1,064/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 | -- | $61,400 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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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.
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.
- Michigan
- Bay County
- Bay City
- 48708
- 2311 22nd St
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