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Four-Unit Multifamily Property
For Sale
$400,000

305 W Elm Street, Mason, MI 48854

Resid/Multi-Family, Mason, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market98

Property Features for 305 W Elm Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description Zoning
Bedrooms 8
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 7, Bathroom 5, Bedroom 8, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 5
Parking 8
Parking features Off Street
Exterior features Private Entrance, Private Yard
Basement Walk-Out Access, Full, Walk-Up Access
Appliances Gas Water Heater
Lot features City Lot, Corner Lot
Elementary school district Mason
Middle school district Mason
High school district Mason
Directions W MI 36 to S lansing St to W Lyn St to Elm
Standard status Active
APN 33-19-10-08-281-006
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 6, BLOCK 36, SEC 8 T2N R1W, CITY OF MASON, INGHAM CO
Legal Description LOT 6, BLOCK 36, SEC 8 T2N R1W, CITY OF MASON, INGHAM CO

Utilities

Sewer type Public Sewer
Heating system Radiant, Radiant Floor
Cooling system Window Unit(s)
Water source Public

Building Details

Year built 1910
Floors in Building 2
Number of units 4
Building materials Vinyl Siding
Listing Agency: Home Towne Real Estate
Listed By: Mykayla Anne Fenska · License #6506047653
Added: Jun 19 Changed: Sep 14 Last Checked: Sep 24 at 3:06PM
MLS# 296902

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.

Investment Insights

Based on property information with market context.

Built in 1910, this four-unit multifamily property includes four residences, each configured with two bedrooms and one bathroom. The 0.15-acre parcel provides private entrances, a private yard, and off-street parking. Exterior construction features vinyl siding, while radiant and radiant-floor heating support the building’s mechanical systems. Window unit cooling is also present.

The property is located at 305 W Elm Street in Mason, Michigan, within ZIP code 48854. Public water and public sewer serve the asset. Additional property features include a gas water heater and a residential layout suitable for continued multifamily use.

Key Highlights

  • Four residential units, each with 2 bedrooms and 1 bathroom
  • 0.15‑acre parcel at 305 W Elm Street, Mason, MI 48854
  • Built in 1910 with vinyl siding exterior

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Garden Center Furniture & Home Goods Computer & Electronic Repair Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

484
Businesses Nearby

Demographics for 48854, MI

19,804
Population
7,853
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
95%
High-School Grad
113.3 sq mi
ZIP Area
175
Density / Sq Mi
$91,956
Median Household Income
$46,992
Median Earnings
$1,136
Median Rent
$240,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Well-maintained multifamily asset with private entrances, off-street parking, and individual two-bedroom layouts.
Where is this quadplex located?
The property is located at 305 W Elm Street Mason, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; 0.15‑acre parcel at 305 W Elm Street, Mason, MI 48854; Built in 1910 with vinyl siding exterior
More about this property
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