509 N Walnut Street Lansing, MI ^$ 85,000

509 N Walnut Street

^$ 85,000

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509 N Walnut Street

Lansing, MI, 48933

^$ 85,000

Studio Baths0.0

Monthly Estimate*

^$ 530

509 N Walnut Street, Lansing, MI 48933 - Image 1

509 N Walnut Street, Lansing, MI 48933 - Image 2

509 N Walnut Street, Lansing, MI 48933 - Image 3

509 N Walnut Street, Lansing, MI 48933 - Image 4

509 N Walnut Street, Lansing, MI 48933 - Image 5

Studio

Multi-Family Home for sale in Lansing, MI

for $85,000. This home was built in 1903 on a lot size of 0.12.

For sale ''As is'' knob and tube wiring needs to be replaced and price is a reflection of that needed upgrade. Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family

Multi-Family Active

Price

^$ 85,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,027

Style

Lot Size

0.12

Year Built

1903

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

70479222

Features

General

Heating Forced Air

Cooling None

Status Active Active

Year Built 1903

County Ingham

Class MULTIFAMILY

Type Multi-Family

Municipality Lansing

Zoning Residential

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Lansing (33021)

Primary City Lansing

Directions I-496 E. take Exit 6 towards Walnut St. merge onto W. Malcolm X St. Left on S. Walnut St. home is on the right.

City Lansing

School District Lansing Public School District

Financial Terms Cash Conventional FHA

Legal Description N 38 FT OF E 4 R LOT 5 BLOCK 72 ORIG PLAT

DOM 151

Postal Code 48933

Public Remarks For sale ''As is'' knob and tube wiring needs to be replaced and price is a reflection of that needed upgrade. Discover a fantastic investment opportunity in Lansing Michigan

Exterior

Exterior Vinyl Siding

Frontage 38

Lot Size Area 0.12

Lot Dimensions 38x66

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Ricardo Cottengim

Listing Agent

Cody & Co.

Broker

ric@cody-company.com

Affordability Calculator

$949

Per Month

Monthly Principal & Interest: $530
Monthly Property Taxes: $419
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lansing, MI

Average List Price ^$184,399

Percent of Sale Price 117%

About Lansing, MI

115,311 Population

-2% Since 2002

^$37,738 Median Income

35.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1302915 Elementary School

1302913 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/31/2025	$85,000	-22.66%	Price Down
7/3/2025	$109,900		Listed Price

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509 N Walnut Street, Lansing, MI, 48933 is a Multi-Family Home for sale at $85,000 with a lot size of 0.12. 509 N Walnut Street is a studio with 0.0 baths and was built in 1903. The property's zip code is 48933 which is in Lansing, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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509 N Walnut Street

Multi-Family Home for sale in Lansing, MI

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