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.
For sale
Price cut: $25K (7/1)
$425,000
305 W Elm St, Mason, MI 48854
8beds
4baths
--sqft
Quadruplex
Built in 1910
-- sqft lot
$408,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 20 days |
- 808 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Mykayla Anne Fenska 517-574-2922,
Home Towne Real Estate 517-372-2273
Source: Greater Lansing AOR,MLS#: 296902
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Radiant Floor
Cooling
- Window Unit(s), None
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, In Basement
Features
- Basement: Full,Walk-Out Access,Walk-Up Access
Interior area
- Finished area above ground: 3,244
Property
Parking
- Total spaces: 8
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
- Exterior features: Private Entrance, Private Yard
Lot
- Size: 6,534 Square Feet
- Features: City Lot, Corner Lot
Details
- Parcel number: 33191008281006
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Mason
Financial & listing details
- Tax assessed value: $112,628
- Date on market: 6/19/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$408,900
$388,000 - $429,000
$1,377/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2026 | Price change | $425,000-5.6% |
Source: | ||
| 6/19/2026 | Listed for sale | $450,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 48854
Nearby schools
GreatSchools rating
- 7/10Steele Street Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 7/10Mason Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Mason High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- High: Mason
Source: Greater Lansing AOR. 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.
- Michigan
- Ingham County
- Mason
- 48854
- 305 W Elm St









