Colonial Residence with
3115 Isabella Street, Midland, MI 48640
MULTI_FAMILY - Colonial - Midland, MI
Property size:
10,361 SFLot size:
5.09 AcresPrice / SF:
$81/SF- Added:
- Sep 10, 2025
- Days on Market:
- 268
- Last Refresh:
- Jun 4 at 11:06 am
Property Features for 3115 Isabella Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 8
- Rooms
- Basement, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 4, Bathroom 8, Bedroom 6, Game Room, Den, Bathroom 3, Bathroom 7, Bedroom 5, Family Room, Bathroom 1, Bedroom 2, Laundry Room
- 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
- Ceiling Fan(s), Central Air
- 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
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.
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
- Comfort features include forced‑air heating, central air, ceiling fans, and 9 ft+ ceilings with cathedral/vaulted ceilings
- Living and spa features include a fireplace and a spa/jetted tub
- Fire safety and utility features include fire sprinkler system and a sump pump, with garage/driveway/covered parking
Overview
This for-sale colonial-style residence is built on 5.09 riverfront acres and includes a main home plus an expansive annex. The property is described as a well-preserved Midland landmark with vintage colonial architecture and an annex designed to add modern amenities and extra space. The annex supports seven bedrooms and includes two totally separate gourmet kitchens, offering distinct areas for daily routines, hosting, or accommodating separate households within the same property. The home totals 10,361 square feet and is offered with private tours currently being scheduled.
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.
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.
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 |
10,361 SF · lease $12.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
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
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Michigan
- Longitude
- -84.285661
- Latitude
- 43.611189
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Riverfront colonial residence with a large annex, seven bedrooms, and two separate kitchens for flexible living or hosting.
Where is this single family property 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: 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
