701 N Lincoln St, Bay City, MI, 48708
About This Home
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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1881
Materials
- Foundation: Basement
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Washer,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Block,Full
Bathroom1
- Features: Ceramic
- Level: First
- Area: 35
Bathroom2
- Features: Ceramic
- Level: First
- Area: 60
Bathroom3
- Level: Second
- Area: 70
Bathroom4
- Level: Second
- Area: 42
Bathroom5
- Level: Second
- Area: 81
Bedroom
- Level: Second
- Area: 120
Bedroom1
- Features: Wood
- Level: First
- Area: 375
Bedroom2
- Features: Wood
- Level: First
- Area: 176
Bedroom3
- Level: Second
- Area: 224
Bedroom4
- Level: Second
- Area: 210
Bedroom5
- Level: Second
- Area: 156
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Dining Room
- Features: Wood
- Level: First
- Area: 238
Family Room
- Features: Vinyl
- Level: First
- Area: 180
Features
- High Ceilings
- Flooring: Ceramic Tile,Hardwood,Wood,Vinyl
- Number of fireplaces: 3
- Fireplace features: Living Room,Master Bedroom
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 6,191
Heating & Cooling
- Heating features: Hot Water,Natural Gas
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 8,545
- Total interior livable area: 6,191 sqft
Kitchen
- Level: First
- Area: 132
Living Room
- Features: Wood
- Level: First
- Area: 240
Master Bedroom
- Level: First
Property
Details
- Parcel number: 16002235600500
- Zoning description: Residential
Features
- Levels: More than 2 Stories
- Patio & porch: Porch
- Waterfront features: None
- Frontage type: Road
- Frontage length: 100
Lot
- Lot size: 0.28 Acres
- Features: Large Lot - 65+ Ft.,Corner Lot,City Lot
- Lot size dimensions: 100 x 125
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Winter Weather
- Hail
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Bay County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance * | $354 | $4,248 |
| Property Taxes | $491 | $5,892 |
| Electricity | $675 | $8,103 |
| Total | $3,795 | $45,540 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-04 | Listed for rent | $1,950 |
| 2026-05-26 | Listed for sale | $450,000 |
| 2026-04-05 | Listing removed | $2,100 |
| 2026-02-17 | Listed for rent | $2,100 |
| 2025-05-05 | Listing removed | $2,100 |
| 2025-04-22 | Listed for rent | $2,100 |
| 2022-09-14 | Sold | $300,000 |
| 2022-07-16 | Pending sale | $299,900 |
| 2022-07-06 | Listed for sale | $299,900 |
| 2017-04-07 | Sold | $99,000 |
| 2017-03-15 | Pending sale | $99,000 |
| 2016-11-22 | Price change | $99,000 |
| 2016-05-27 | Price change | $118,000 |
| 2016-05-09 | Listed for sale | $129,900 |
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