For sale

$389,000

1305 Springfield Dr, Midland, MI 48642

8beds

3,268sqft

Est.:

Multi Family

Built in 1984

-- sqft lot

$379,500 Zestimate^®

$119/sqft

$-- HOA

What's special

Private fenced in yardFresh paintNewer roofUpdated countertops

Excellent Investment Opportunity! This profit-making 4-unit all-brick property offers strong rental income and modern updates throughout. Each apartment features newer luxury vinyl flooring or carpet, fresh paint, updated countertops, and vanities. Major improvements include a newer roof, furnaces, and A/C units. Each unit has 2 bedrooms and 1 full bath. Each unit has separate utilities—individual furnaces, central air, water heaters, and electric meters. Apt 1 and Apt 2 have private fenced in yard. Apt 3 and Apt 4 have balconies. Tenants pay their own utilities; landlord covers lawn care and snow removal. Total monthly rent is approximately $3,300, plus an additional ~$700/year from the shared coin-operated laundry. Apt 2 is currently vacant for easy showings; the remaining units are fully occupied with tenants. A turnkey, income-producing property ready for your portfolio! Don't wait, call for your private tour TODAY!

34 days

614

52

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer, Gas Water Heater

Features

Basement: Finished,Full
Has fireplace: No

Interior area

Total structure area: 3,268
Total interior livable area: 3,268 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Carport, Electric in Garage, Garage Door Opener, Off Street, 3 or More Spaces, Covered, Garage, Lighted
Attached garage spaces: 2
Has carport: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Patio
Exterior features: Sidewalks
Frontage length: 64

Lot

Size: 0.25 Acres
Dimensions: 64 x 170
Features: Sidewalks

Details

Parcel number: 141350342
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Basement

Condition

Year built: 1984

Utilities & green energy

Electric: Separate Electric
Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: Lincoln Manor

Location

Region: Midland

Financial & listing details

Price per square foot: $119/sqft
Tax assessed value: $315,400
Annual tax amount: $8,105
Price range: $389K - $389K
Date on market: 11/7/2025
Cumulative days on market: 34 days
Listing terms: Cash,Conventional
Ownership: LLC
Total actual rent: 2500
Road surface type: Paved

Estimated market value

$379,500

$361,000 - $398,000

$1,149/mo

Price history

Date	Event	Price
11/7/2025	Listed for sale	$389,000+17.9%$119/sqft
Source: MIDMLS #50193719 Report a problem
12/11/2023	Sold	$330,000-2.9%$101/sqft
Source: MIDMLS #50127900 Report a problem
11/24/2023	Pending sale	$340,000$104/sqft
Source: MIDMLS #50127900 Report a problem
11/15/2023	Listed for sale	$340,000+47.8%$104/sqft
Source: MIDMLS #50127900 Report a problem
7/28/2020	Sold	$230,000+35.3%$70/sqft
Source: Public Record Report a problem