Riverfront Multi-Family Home in
3115 Isabella, Midland, MI 48640
Multi-Family, 2 Story - Midland, MI
Property size:
10,361 SFLot size:
5.09 AcresPrice / SF:
$81/SF- Added:
- Sep 10, 2025
- Days on Market:
- 249
- Last Refresh:
- May 16 at 10:06 pm
Property Features for 3115 Isabella
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential,Other
- Bedrooms
- 7
- Bathrooms
- 8
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Great Room, Kitchen, Laundry, Living Room, Workshop
- Parking features
- Covered, Driveway, Garage, Garage - Attached, Garage - Detached, Off Street, Paved or Surfaced, Underground/Basement, Workshop
- Security features
- Security
- Interior features
- 9 ft + Ceilings, Cable/Internet Avail., Cathedral/Vaulted Ceiling, Spa/Jetted Tub, Fire Sprinkler, Sump Pump, Walk-In Closet
- Exterior features
- Laundry Facility, Playground, Street Lights, Tennis Courts, Pets-allowed, Private Entry, Dogs Allowed, Cats Allowed, Wi-fi Available
- Fireplace
- 1
- Basement Y/N
- 1
- Appliances
- Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 14-19-80-160
- Size
- 10,361 SF
- Lot size
- 5.09 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 14550
Utilities
- Utilities
- Cable Available
- Heating system
- Fireplace(s), Forced Air
- Cooling system
- Ceiling Fan(s), Central Air
- Water front features
- Lake/River Access, Lake/River Access, River Frontage, Waterfront, Waterfront
- Water front
- 1
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Asphalt, Brick
- Architectural style
- Other
- Additional Structures
- Tennis Court(s)
Listing agent Carolyn Mayne License #6501386291 (989) 798-9008
Listing office Century 21 Signature Realty Midland 409 Ashman Suite #3, Saginaw, MI (989) 837-2100
Listing date Sep 10, 2025
MLS# 50187963
Listing URL
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Five lush RIVERFRONT acres with direct access to the river.
- Over 10,000 square feet of living space.
- Seven bedrooms and two gourmet kitchens, ideal for multi‑generational living or home occupation.
- Vintage colonial architecture combined with modern amenities.
- Prime location, moments from Downtown Midland.
- Historical significance as a well‑preserved landmark originally built in 1937.
Overview
Villa Isabella is a two-story multi-family home situated on 5.09 lush riverfront acres. The property, with vintage colonial architecture, originated as a prominent judge's personal home in 1937 and was later used for philanthropic purposes before returning to a family residence. The home features an expansive annex that offers modern amenities and superior space. The 10,361 square foot property includes seven bedrooms and two separate gourmet kitchens. Located a short distance from Downtown Midland, this property offers potential for various uses, including a town and country family lifestyle, multi-generational living, home occupation, or even a spiritual, non-profit, or support facility. The property is located in Midland, Michigan, and is zoned for residential and other uses.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$727.9K
NOI $65,511 @ 9.00% cap · cautious / downside scenario
Moderate
$935.9K
NOI $65,511 @ 7.00% cap · market / base-case scenario
Aggressive
$1.31M
NOI $65,511 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.3k | $12.00 |
| − Vacancy | −$5.2k | −$0.50 |
| EGI | $119.1k | $11.50 |
| − OpEx | −$53.6k | −$5.17 |
| NOI | $65.5k | $6.32 |
10,361 SF · lease $12.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.87M
$1.64M – $2.18M
NOI $130,905 @ 7.0% cap · market cap 15.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Michigan
- Longitude
- -84.28464
- Latitude
- 43.611496
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Spacious riverfront property with potential for various uses.
Where is this single family property located?
The property is located at 3115 Isabella Midland, MI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Five lush RIVERFRONT acres with direct access to the river.; Over 10,000 square feet of living space.; Seven bedrooms and two gourmet kitchens, ideal for multi‑generational living or home occupation.
