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5 Baths
3,244 sqft

$375,000

305 W Elm Street, Mason MI, 48854

Price per sqft$115.60
Built in1910
Property size3,244 sqft
Property typeMulti-family

Overview

Active

Listed Jun 19, 2026

Updated 3 days ago

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.

$2,495/mo

Est. mortgage payment based on a $375,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
296902

Interior Features

Bathrooms
5
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.15 Acres
MLS provider logo

Listed by Mykayla Anne Fenska, Home Towne Real Estate, 517-372-2273

Based on information from Greater Lansing Association of REALTORS® (GLAR) as of 10/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2026 Greater Lansing Association of REALTORS® (GLAR). All rights reserved.

Data last updated 6:30 AM UTC, 10/7/2026

     

 

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