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For sale
  • Price cut: $25K (7/1)
    $425,000

    305 W Elm St, Mason, MI 48854

    8beds
    4baths
    --sqft
    : 
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    Quadruplex
    Built in 1910
    -- sqft lot
    $408,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    20 days
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    808
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    24
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    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#: 296902MLS Logo

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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

        DateEventPrice
        7/1/2026Price change$425,000-5.6%
        Source: Greater Lansing AOR #296902 Report a problem
        6/19/2026Listed for sale$450,000
        Source: Greater Lansing AOR #296902 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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

        Getting around

        65 / 100
        Somewhat Walkable
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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