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Four-Unit Residential Income Property
New
For Sale
$345,000

305 W Elm Street, Mason, MI 48854

Resid/Multi-Family, Mason, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market3

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 4, Bedroom 1, Bedroom 8, Bathroom 2, Bedroom 5, Bedroom 7, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 6, Bedroom 3, Bathroom 3
Parking 8
Parking features Off Street
Exterior features Private Entrance, Private Yard
Basement Full, Walk-Out Access, 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 S. Lansing to Elm
Standard status Active
APN 33-19-10-08-281-006
Lot size 0.15 Acres

Additional Details

Tenant in Place Yes

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 Floor, Radiant
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: Nov 2 Changed: Nov 3 Last Checked: Nov 4 at 7:06AM
MLS# 300320

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.

Rey
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Investment Insights

Based on property information with market context.

This four-unit residential property sits on a 0.15-acre lot and was built in 1910. Each apartment has two bedrooms and one bathroom, with a private entrance and access to a private yard. Exterior construction is vinyl siding, and the property has radiant floor heating, window-unit cooling, and a gas water heater.

Public water and sewer serve the property, with off-street parking available. The building is in Mason, Michigan, at 305 W Elm Street.

Key Highlights

  • Four units, each configured with 2 bedrooms and 1 bathroom
  • 0.15‑acre lot in Mason, Michigan
  • Built in 1910 with vinyl siding

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Each residence has a private entrance and a two-bedroom, one-bathroom layout.
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 $345,000.
What are key features of this property?
This property features: Four units, each configured with 2 bedrooms and 1 bathroom; 0.15‑acre lot in Mason, Michigan; Built in 1910 with vinyl siding
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