305 W Elm Street Mason, MI $ 450,000
305 W Elm Street
$ 450,000
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305 W Elm Street

Mason, MI, 48854
$ 450,000
Bedrooms4 Baths0.0 Sq 3,244

Monthly Estimate*

$ 2,841

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Multi-Family Home for sale in Mason, MI

for $450,000 with 4 bedrooms. This 3,244 square foot 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 aproven 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

4

Property Type

Multi-Family

Taxes

$ 8,931

Style

ResidentialIncome

Lot Size

0.15

Year Built

1910

Town/City

Mason

County/Region

Ingham

MLS | Web ID

630000296902

Features
General
Sewer PublicSewer
Heating RadiantFloor
Cooling WindowUnits
Construction Materials VinylSiding
Year Built 1910
Levels Two
Tax Year 2025
County Ingham
New Construction N
Property Type ResidentialIncome
HOA N
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 MasonCity_Ingham
Disclosures LeadBasedPaint
Senior Community Y/N N
High School District Mason
Zoning Description Residential
Number Of Units Total 4
MLS Area Area11102Mason
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 8931.0
Electric Expense 236.0
Home Warranty Y/N N
Water Sewer Expense 185.0
Lease Renewal Y/N N
Additional Parcels 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
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Interior
Basement Full WalkOutAccess WalkUpAccess
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3244.0
Laundry Features CommonArea InBasement
Above Grade Finished Area Unit Type SquareFeet
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Exterior
Exterior Amenities PrivateEntrance PrivateYard
Parking Features OffStreet
Water Source Public
Total Parking 8.0
Foundation Details Basement Block
Spa N
Lot Dimensions undefined
Lot Size Acres 0.15
Waterfront Y/N N
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

(517) 574-2922

Phone

Affordability Calculator

$3,586
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,841
Monthly Property Taxes
$744
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
848039 Elementary School
848441 Middle School
Unknown High School High School
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 3,244 sqft and a lot size of 0.15. 305 W Elm Street has 4 bedrooms, 0.0 baths, and was built in 1910. The property's zip code is 48854 which is in Mason, MI