18391 Masonic
Fraser, MI 48026
Multi Family · MLS # 20261057491 · Listing courtesy of Five Star Real Estate Davison
About this home
Looking for an immediate cash flow property? Or maybe an affordable starter home? Look no further! The possibilities here are endless. Currently this home is being utilized as a 2 unit rental.Unit #1 (2bed 1bath) signed leased began on 8/22/2026 and unit #2 (1bed 1bath) occupied with a long term renter, offering immediate cash flow. With an easy conversion back to a single family residence offering 3 bedrooms and 2 full bathrooms, this property would make an incredible starter home or single family rental. Truly, the possibilities are endless. Completely updated throughout, a common basement with shared laundry, large backyard, and close to school and amenities, 18391 Masonic has it all. Schedule your showing today! BATVAI. Licensed agent to be physically present for all showings and inspections.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Fraser
Over the last 90 days, 38 homes sold in Fraser for a median of $248,950, about $132 per square foot, and the typical one went under contract in 11 days. This home is listed at $199,900, or $168 per square foot, 27% above the city median, and has been on the market 74 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Fraser sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $5,339 a year. A buyer who lives here would pay about $3,885 to $4,853 a year once the taxable value resets after the sale, at the 2025 homestead rate of 48.07 mills for Fraser City and Fraser schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Fraser
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 7:49 PM.