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Jackson 49202
305 N Elm Avenue
$60,000
● House - Off Market

305 N Elm Avenue

Jackson, MI 49202
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,756 Ft²
$416
Est. Monthly
17.84%
Cap Rate

About This Property

Charming city home.  2- possible 3 bedroom home featuring a spacious living room with high ceilings, main floor laundry room, nice size kitchen with appliances, enclosed front porch for relaxing, upper level bonus room/ play room, home office space, conveniently located near hospital, shopping, schools, parks, major freeway for easy commuting, this home offers plenty of potential to make it your own, don't miss the opportunity.
Unit Size
1,756 Ft²
Days on Market
59 days
Land Size
0.10 acres
Price per sqft
$40
Property Type
House
Property Taxes
$72
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #25044766)

Price History

Date / Event Date Event Price
Oct 31, 2025 Sold
Premium
Sold
Oct 22, 2025 In contract -
In contract
Sep 26, 2025 Price Decreased $69,900
↓ $10K (12.5%)
Price Decreased
Sep 2, 2025 Listed by ERA REARDON REALTY, L.L.C. $79,900
Listed by ERA REARDON REALTY, L.L.C.
Mar 2, 2016 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,312
  • Lot Size Depth Feet: 1,310
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST ADD
  • Land Acres: 0000000099
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: S 1/2 OF LOT 5 BLK 4 EAST ADD

Neighborhood

  • School District Name: Jackson Public Schools
  • School Tax School District: 38170
  • Census Tract: 000400

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: MAPS 7-33
  • District: 50
  • Parcel: 7-103700000
  • Block: 4
  • Lot: 5
  • Municipality: JACKSON CITY
  • Latitude: 42.2542
  • Longitude: -84.3841

    Address

  • Full Address: 305 N Elm Ave
  • Legal Unit: 5
  • Address - House Number: 305
  • Street Direction: N
  • Address - Street Name: Elm
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C003
  • 4-Digit Zip Code: 3500
  • Zip Code: 49202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $68,065
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.2514
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 64
  • Final Value: 96,759
  • High Value: 121,093
  • Low Value: 72,424

    Market Valuation

  • Market Total Value: $64,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 02, 2016
  • Current Sale Recording Date: Mar 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 44
  • Current Sale Input Document Number: 2732507
  • Previous Sale Recording Date: Sep 19, 2001
  • Previous Sale Contract Date: Sep 14, 2001
  • Previous Sale Amount: $18,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jackson

Stats & Trends

Median Asking:

$148,900

Sale Price/ft²

$113

Below Asking

0.03%

Average Days on Market

57

Average Home Size

1484 ft²

Average Home Age

98.2 years

Currently For Sale

117 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1511 S Martin Luther King Jr Drive, Jackson, MI, 49203

$1,400 /mo

  • 3 Beds
  • 1 Bath
  • 1,134 ft²
1511 S Martin Luther King Jr Drive, Jackson, MI, 49203 Listing by Stephanie Bosanac-Mortimer

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: TRACEY J CONNORS, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25044766
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 305 North Elm Avenue built and last sold?
The property at 305 North Elm Avenue was built in 1920 and last sold on Mar 2, 2016 for $32,500.
How much is this home worth?
The estimated value of the home located at 305 North Elm Avenue is $0.
What are some comparable homes to 305 North Elm Avenue?
There are currently no comparable homes to 305 North Elm Avenue.
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