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305 W Elm Street Mason, MI $ 450,000
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$ 450,000 Get more info
305 W Elm Street
$ 450,000
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305 W Elm Street

Mason, MI, 48854
$ 450,000
Baths5.0

Monthly Estimate*

$ 2,841

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Studio

Multi-Family Home for sale in Mason, MI

for $450,000 with 5 full baths. This home was built in 1910 on a lot size of 0.15.

Exceptional investment opportunity in the heart of Mason! 305 W Elm Street is a stabilized four-unit multifamily property offering immediate cash flow and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, providing a highly desirable layout for tenants. Currently generating approximately $4,500 per month in rental income, this property presents a rare value-add opportunity with rents significantly below current market rates, allowing investors the potential to increase revenue over time. Located in the highly sought-after Mason community, tenants enjoy convenient access to downtown Mason, local shopping, dining, parks, and major commuter routes. Whether you're looking to expand your portfolio, complete a 1031 exchange, or enter the multifamily market with a proven performer, this well-maintained asset offers stable occupancy, consistent income, and substantial future growth potential. Don't miss the chance to own a cash-flowing investment in one of Mid-Michigan's most desirable rental markets.

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Multi-Family Active

Price

$ 450,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.15

Year Built

1910

Town/City

Mason

County/Region

Ingham

MLS | Web ID

296902
Features
General
Sewer Public Sewer
Heating Radiant Floor
Cooling Window Unit(s) None
Appliances Gas Water Heater
Construction Materials Vinyl Siding
Year Built 1910
Township Mason City
Levels Two
Property Subtype Quadruplex
Tax Year 2025
County Ingham
Property Type Resid/Multi-Family
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
Directions W MI 36 to S lansing St to W Lyn St to Elm
City Mason
Senior Community Y/N N
High School District Mason
Zoning Description Zoning
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 6534.0
Carport Y/N N
Land Lease Y/N N
Electric Expense 236.0
Water Sewer Expense 185.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 112628
Taxes 745.0
Legal Description LOT 6 BLOCK 36 SEC 8 T2N R1W CITY OF MASON INGHAM CO
New Construction None
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Interior
Basement Full Walk-Out Access Walk-Up Access
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Above Grade Finished Area 3244.0
Laundry Features Common Area In Basement
Total Baths 5
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Exterior
Exterior Amenities Private Entrance Private Yard
Parking Features Off Street
Lot Features City Lot Corner Lot
Water Source Public
Total Parking 8.0
Lot Size Area 0.15
Foundation Details Block
Spa N
Lot Dimensions undefined
Lot Size Acres 0.15
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 305
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* Excluded Features
List By
Mykayla Anne Fenska

Listing Agent

Home Towne Real Estate

Broker

mykayla.hometowne@gmail.com

Email

Affordability Calculator

$2,841
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,841
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2075852 Elementary School
2075947 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/19/2026$450,000 Listed Price

Map

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305 W Elm Street, Mason, MI, 48854 is a Multi-Family Home for sale at $450,000 with a lot size of 0.15. 305 W Elm Street is a studio with 5.0 baths and was built in 1910. The property's zip code is 48854 which is in Mason, MI

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