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
$345,000
305 W Elm St, Mason, MI 48854
8beds
4baths
--sqft
Quadruplex
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 17 hours
- 66
- 7
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#: 300320
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: $115,668
- Annual tax amount: $8,598
- Date on market: 11/2/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$1,770/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/2/2026 | Listed for sale | $345,000-1.4% |
Source: | ||
| 11/1/2026 | Listing removed | $350,000 |
Source: | ||
| 10/29/2026 | Price change | $350,000-2.8% |
Source: | ||
| 10/15/2026 | Price change | $360,000-4% |
Source: | ||
| 10/2/2026 | Price change | $375,000-6.3% |
Source: | ||
| 7/15/2026 | Price change | $400,000-5.9% |
Source: | ||
| 7/1/2026 | Price change | $425,000-5.6% |
Source: | ||
| 6/19/2026 | Listed for sale | $450,000+143.2% |
Source: | ||
| 7/6/2022 | Sold | $185,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,598 +6.3% | $130,090 +17.5% |
| 2024 | $8,092 | $110,700 +6.4% |
| 2023 | -- | $104,040 +21% |
| 2022 | -- | $86,010 +10.6% |
| 2021 | -- | $77,740 +2.2% |
| 2020 | -- | $76,040 -0.9% |
| 2019 | $4,326 | $76,750 +28.9% |
| 2018 | $4,326 | $59,560 |
| 2017 | -- | $59,560 -6.1% |
| 2016 | -- | $63,400 +6.4% |
| 2015 | -- | $59,600 +11% |
| 2014 | -- | $53,680 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 48854
Nearby schools
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.








