For Sale
305 W ELM Street, Mason, MI 48854
$425,000
MLS # 296902 (Greater Lansing Association of REALTORS®)
Built 19100.15 acres
1 / 67
Listing 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
Source: SparkMLS
About this home
5-bath home in Mason in Mason built in 1910.
Listed at $425,000.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms5
Lot Size0.15 acres
Year Built1910
Location
CityMason
MunicipalityMason City
Zip Code48854
CountyIngham
Construction & Systems
ConstructionVinyl Siding
Sale & Financing
Listed6/18/2026
Original Price$450,000
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Mykayla Anne Fenska
Home Towne Real Estate
Frequently Asked Questions about 305 W ELM Street, Mason, MI 48854
Is 305 W ELM Street, Mason, MI 48854 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 305 W ELM Street, Mason, MI 48854 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Mason City police department or the Ingham County sheriff's office.
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Monthly payment$2,757
Principal & interest$2,757
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
305 W ELM Street, Mason, MI 48854
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Municipality
Mason
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