Land Contract Opportunity – 3-Unit Apartment Building! This 3-unit apartment building is available for land contract, offering a more borrower-friendly approval process than traditional banks. It includes a 3-bedroom, 1-bath unit and two 1-bedroom, 1-bath units, ideal for investors or buyers looking for rental income. The 3-bedroom unit and one 1-bedroom unit are currently occupied by tenants, providing immediate cash flow. This property is a solid investment with potential for updates and increased income. Land contract terms: 20% down, 10% interest, 30 year term. Tenant rent: $775/$600/$625 All month to month contract
For sale
$135,000
300 S Farragut St, Bay City, MI 48708
5beds
2,831sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$-- Zestimate®
$48/sqft
$-- HOA
What's special
- 116 days |
- 296 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: April 02, 2026 at 12:11pm
Listed by:
Thomas Webb 989-492-0650,
Century 21 Signature Realty Midland 989-837-2100,
Karah Ralph 989-252-7811,
Century 21 Signature Realty Midland
Source: MiRealSource,MLS#: 50196142
Originating MLS: Saginaw Board of REALTORS
Originating MLS: Saginaw Board of REALTORSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bedroom, Living Room, Laundry
Bedroom 1
- Features: No
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Range/Oven, Refrigerator
- Laundry: Lower Level Laundry, Second Floor Laundry
Features
- Basement: Block,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,831
- Total interior livable area: 2,831 sqft
Property
Parking
- Total spaces: 2
- Parking features: 2 Spaces, Unassigned, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Sidewalks
- Frontage length: 50
Lot
- Size: 0.8 Acres
- Dimensions: 50 x 70
- Features: Platted, Sidewalks, Corner Lot, Subdivision
Details
- Parcel number: 16002829101000
- Zoning description: Multi-Family,Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional Frame
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- Year built: 1880
Utilities & green energy
- Gas: Natural Gas
- Sewer: Public Sanitary
- Water: Public
Community & HOA
Community
- Subdivision: Jennisons
Location
- Region: Bay City
Financial & listing details
- Price per square foot: $48/sqft
- Tax assessed value: $92,600
- Annual tax amount: $2,834
- Date on market: 12/15/2025
- Cumulative days on market: 88 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Land Contract
- Ownership type: LLC
- Lease term: Month To Month
- Total actual rent: 2000
Estimated market value
Not available
Estimated sales range
Not available
$1,067/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Listed for sale | $135,000$48/sqft |
Source:  MiRealSource #50196142 Report a problem | ||
| 3/10/2026 | Pending sale | $135,000$48/sqft |
Source: MiRealSource #50196142 Report a problem | ||
| 1/17/2026 | Listed for sale | $135,000$48/sqft |
Source: MiRealSource #50196142 Report a problem | ||
| 1/12/2026 | Pending sale | $135,000$48/sqft |
Source: MiRealSource #50196142 Report a problem | ||
| 12/15/2025 | Listed for sale | $135,000+922.7%$48/sqft |
Source:  MIDMLS #50196140 Report a problem | ||
| 2/9/2019 | Listing removed | $13,200$5/sqft |
Source: Owners.com #219000649 Report a problem | ||
| 2/1/2019 | Listed for sale | $13,200$5/sqft |
Source: REALHome Services and Solutions #219000649 Report a problem | ||
| 2/1/2019 | Pending sale | $13,200$5/sqft |
Source: REALHome Services and Solutions #219000649 Report a problem | ||
| 1/3/2019 | Listed for sale | $13,200-72.4%$5/sqft |
Source: Owners.com #219000649 Report a problem | ||
| 11/7/2018 | Listing removed | $47,900$17/sqft |
Source: REALHome Services and Solutions Report a problem | ||
| 10/25/2018 | Price change | $47,900-14%$17/sqft |
Source: REALHome Services and Solutions Report a problem | ||
| 10/10/2018 | Price change | $55,700-13.9%$20/sqft |
Source: REALHome Services and Solutions Report a problem | ||
| 9/25/2018 | Listed for sale | $64,660-34.2%$23/sqft |
Source: REALHome Services and Solutions Report a problem | ||
| 3/19/2018 | Sold | $98,321$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,099 | $46,300 +6.7% |
| 2023 | -- | $43,400 +9.9% |
| 2022 | -- | $39,500 +8.1% |
| 2021 | -- | $36,550 +13.2% |
| 2020 | $2,057 | $32,300 +11.8% |
| 2019 | -- | $28,900 +2.8% |
| 2018 | $2,057 +7% | $28,100 +1.1% |
| 2017 | $1,922 | $27,800 -5.3% |
| 2016 | $1,922 | $29,350 -2% |
| 2015 | $1,922 -10% | $29,950 -29.4% |
| 2014 | $2,136 | $42,450 +6.7% |
| 2013 | -- | $39,800 -2.7% |
| 2012 | -- | $40,900 -6% |
| 2011 | -- | $43,500 -4.3% |
| 2010 | -- | $45,450 -0.9% |
| 2009 | -- | $45,850 +48.4% |
| 2008 | -- | $30,900 -3.4% |
| 2007 | -- | $32,000 -0.9% |
| 2006 | -- | $32,300 |
| 2005 | -- | $32,300 +11.4% |
| 2004 | -- | $29,000 +9% |
| 2003 | -- | $26,600 +5.1% |
| 2002 | $1,252 | $25,300 +9.5% |
| 2000 | -- | $23,100 |
Find assessor info on the county website
Monthly payment
Est. payment
$866/mo
Principal & interest
$707
Property taxes
$159
More affordability tools
Climate risks
Neighborhood: 48708
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Handy Middle SchoolGrades: 6-8Distance: 2 mi
- 5/10Bay City Central High SchoolGrades: 9-12Distance: 0.3 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.
Local experts in 48708
- Michigan
- Bay County
- Bay City
- 48708
- 300 S Farragut St
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