305 W Elm Street, Mason, MI 48854

• 5 baths

Property Description

Exceptional investment opportunity in the heart of Mason! 305 W Elm Street is a stabilized four-unit multifamily property offering immediate cash flow and long-term upside. Each of the four units features 2 bedrooms and 1 bathroom, providing a highly desirable layout for tenants. Currently generating approximately $4,500 per month in rental income, this property presents a rare value-add opportunity with rents significantly below current market rates, allowing investors the potential to increase revenue over time. Located in the highly sought-after Mason community, tenants enjoy convenient access to downtown Mason, local shopping, dining, parks, and major commuter routes. Whether you're looking to expand your portfolio, complete a 1031 exchange, or enter the multifamily market with a proven performer, this well-maintained asset offers stable occupancy, consistent income, and substantial future growth potential. Don't miss the chance to own a cash-flowing investment in one of Mid-Michigan's most desirable rental markets.

Listing Status:

Active

Date Added:

June 19, 2026

Data Last Updated:

July 5, 2026 at 4:39AM

Listing Office:

Home Towne Real Estate : 517-372-2273

Listing Agent:

Mykayla Anne Fenska : 517-574-2922

MLS ID:

296902

Interior

• Appliances: Gas Water Heater
• Laundry: Common AreaIn Basement
• Basement: FullWalk-Out AccessWalk-Up Access
• A/C: Window Unit(s)None
• Heating: Radiant Floor

Exterior

• General: Private EntrancePrivate Yard

Construction

• General: Vinyl SidingTwoBlock

Location

• Road/Access: City Street
• Originating MLS: Greater Lansing Association of REALTORS®
• School District: Mason
• County: Ingham

Lot

• Zoning: LOT 6BLOCK 36SEC 8 T2N R1WCITY OF MASONINGHAM CO33-19-10-08-281-006

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Greater Lansing Association of REALTORS®