3115 Isabella Street Midland, MI 48640
MULTI_FAMILY - Colonial - Midland, MI
- Added:
- Sep 10, 2025
- Days on Market:
- 306
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 3115 Isabella Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 8
- Rooms
- Den, Bathroom 5, Laundry Room, Bedroom 7, Bedroom 6, Bathroom 3, Game Room, Bathroom 1, Bathroom 2, Bathroom 8, Bathroom 6, Bedroom 5, Bathroom 7, Family Room, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 2, Basement, Bedroom 1
- Parking features
- Garage, Driveway, Covered
- Interior features
- 9 ft + Ceilings, Cable/Internet Avail., Cathedral/Vaulted Ceiling, Spa/Jetted Tub, Fire Sprinkler, Sump Pump, Walk-In Closet
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Microwave, Range/Oven, Refrigerator
- 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
- Heating system
- Forced Air
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Colonial
- Additional Structures
- Second Garage
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
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Investment Insights
Based on property information with market context.
The site is located at 3115 Isabella Street in Midland, Michigan (48640) in Midland County. Public remarks note the property’s proximity to Downtown Midland, with access described as only a moment away by bike or vehicle.
The combination of a substantial footprint, seven-bedroom layout, and two independent kitchen setups makes this property a practical fit for buyers seeking multi-generational living or a home-based arrangement that benefits from separation of space. It is also well-suited for use as a single-family estate or a residential income-style property, depending on how the buyer plans to operate the annex and main residence. The current offering is presented as a historic, riverfront property with preserved character and room for tailored use.
Key Highlights
- Historic colonial home built in 1937, offering over 10,000 SF on five riverfront acres
- 7‑bedroom layout with multiple bathrooms plus den, family room, and game room
- Two separate kitchens and a range of included appliances: dishwasher, disposal, microwave, range/oven, and refrigerator
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| 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 |
