602 N Pennsylvania Avenue Lansing, MI ^$ 165,000

602 N Pennsylvania Avenue

^$ 165,000

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602 N Pennsylvania Avenue

Lansing, MI, 48912

^$ 165,000

Studio Baths0.0

Monthly Estimate*

^$ 1,029

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Studio

Multi-Family Home for sale in Lansing, MI

for $165,000. This home was built in 1872 on a lot size of 0.15.

Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.

Multi-Family Active

Price

^$ 165,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

1872

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

290983

Features

General

Sewer Public Sewer

Heating Hot Water Radiant

Cooling None

Roof Flat Shingle

Appliances Gas Water Heater

Garage Spaces 2.0

Security Features Smoke Detector(s)

Construction Materials Vinyl Siding

Year Built 1872

Township Lansing City

Levels Two

Tax Year 2025

County Ingham

Property Type Resid/Multi-Family

Attached Garage N

Subdivision Name None

Garage Y/N N

Status Active

Directions from Michigan Ave. North on Pennsylvania to Orchard East - parking on Orchard - home on corner of Orchard and Pennsylvania

City Lansing

Senior Community Y/N N

High School District Lansing

Zoning Description Zoning

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 6534.0

Carport Y/N N

Land Lease Y/N N

Current Financing None

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 48823

Legal Description COM AT NE COR INTERSECTION N PENNSYLVANIA AVE & ORCHARD ST TH E 9 R N 43 FT W 9 R S 43 FT TO BEG; SEC 15 T4N R2W

New Construction None

Interior

Basement Crawl Space Full Michigan

Flooring Carpet Vinyl Wood

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Above Grade Finished Area 2932.0

Laundry Features None

Total Baths 0

Exterior

Parking Features Detached Garage On Street Storage

Lot Features Corner Lot

Water Source Public

Total Parking 3.0

Lot Size Area 0.15

Spa N

Lot Dimensions 43x148.5

Lot Size Acres 0.15

Road Surface Type Asphalt Paved

Waterfront Y/N N

Road Frontage Type City Street

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 602

* Excluded Features

List By

Thomas Barrett

Listing Agent

Keller Williams Realty Lansing

Broker

tombarrett@kw.com

Affordability Calculator

$1,029

Per Month

Monthly Principal & Interest: $1,029
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$186,298

Percent of Sale Price 13%

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.

2075809 Elementary School

2075905 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/4/2025	$165,000		Listed Price

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602 N Pennsylvania Avenue, Lansing, MI, 48912 is a Multi-Family Home for sale at $165,000 with a lot size of 0.15. 602 N Pennsylvania Avenue is a studio with 0.0 baths and was built in 1872. The property's zip code is 48912 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.

Listing data provided courtesy of the IDX Program of The Greater Lansing Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

Information is deemed reliable but is not guaranteed accurate by the MLS.

The information being provided is 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.

Data is updated as of 12/10/2025.

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602 N Pennsylvania Avenue

Multi-Family Home for sale in Lansing, MI

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