Colonial Multifamily Residence with
3115 Isabella Street Midland, MI 48640
For Sale
$849,000
MULTI_FAMILY - Colonial - Midland, MI
Property Size10,361 SF
Lot Size5.09 Acres
Price / SF$81.94
Days on Market323
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 Agency:
Century 21 Signature Realty Midland
(989) 837-2100
Listed By:
Carolyn Mayne · License #6501386291
(989) 798-9008
Added: Sep 10, 2025
Changed: Jul 9
Last Checked: Jul 29 at 8:06PM
MLS# 50187963
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.
Investment Insights
Based on property information with market context.
Villa Isabella is a colonial-style multifamily residence with an expansive annex offering additional space. The property totals 10,361 square feet and includes seven bedrooms, along with two totally separate kitchens to support independent living, hosting, or separate use areas.
Located at 3115 Isabella Street in Midland, Michigan, the site is described as riverfront and sits on 5.09 acres. Public remarks indicate the home is a short ride from Downtown Midland by bike or vehicle.
The home was originally established as a judge’s personal residence in 1937 and later donated for philanthropic use before being returned to family residence. Private tours are currently being scheduled.
Located at 3115 Isabella Street in Midland, Michigan, the site is described as riverfront and sits on 5.09 acres. Public remarks indicate the home is a short ride from Downtown Midland by bike or vehicle.
The home was originally established as a judge’s personal residence in 1937 and later donated for philanthropic use before being returned to family residence. Private tours are currently being scheduled.
Key Highlights
- 5 acres of riverfront property with a vintage Colonial‑style home originally built in 1937
- Over 10,000 sq ft residence with 7 bedrooms and multiple living spaces including a family room, den, and game room
- Expansive annex with two totally separate gourmet kitchens for flexible living or work setups
Financial Insights For Multifamily LT 5
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 | $105.7k | $10.20 |
| − Vacancy | −$7.6k | −$0.73 |
| EGI | $98.1k | $9.47 |
| − OpEx | −$29.4k | −$2.84 |
| NOI | $68.7k | $6.63 |
10,361 SF · lease $10.20/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$980.7K
$858.1K – $1.14M
NOI $68,651 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 7.72%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Colonial multifamily residence on riverfront acres with seven bedrooms and two separate kitchens.
Where is this duplex located?
The property is located at 3115 Isabella Street 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: 5 acres of riverfront property with a vintage Colonial‑style home originally built in 1937; Over 10,000 sq ft residence with 7 bedrooms and multiple living spaces including a family room, den, and game room; Expansive annex with two totally separate gourmet kitchens for flexible living or work setups
