About This Home

This 8-bedroom, 5-bathroom multi-family at 305 W Elm Street in Mason, MI is listed for $360,000. Built in 1910, on a 0.15 acres lot.

Key Features

  • Built in 1910
  • 0.15 acre lot
  • 2 stories
  • 8 parking spaces

Property Details

2 stories
5 full
8 spaces
1910

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$1,925/mo

20% down · 6.5% · 30 years

Principal$260
Interest$1,560
Insurance$105

Estimates only. Actual payments may vary.

Location

305 W Elm Street

Mason, MI 48854

Features & Amenities

Exterior Features

Private EntrancePrivate Yard

Property Details

Construction

Vinyl Siding

Parking

Off Street

Heating

Radiant FloorRadiant

Cooling

Window Unit(s)

Appliances

Gas Water Heater

Questions & Answers

This 8-bedroom, 5-bathroom multi-family at 305 W Elm Street is listed at $360,000. The estimated monthly payment is $1,925 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.15 acre lot, 2 stories, 8 parking spaces. Exterior Features: Private Entrance, Private Yard.

This property is listed by Mykayla Anne Fenska.

MF

Mykayla Anne Fenska

License 6506047653

Agent at Home Towne Realty Group

Listed by Home Towne Realty Group · Broker phone: (517) 372-2273 · View on Broker Site · Broker website

MLS# 296902· Source: Greater Lansing Association of Realtors· 130 days on PropertySimple

Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

305 W Elm Street, Mason, MI 48854

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