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602 N Pennsylvania Avenue Lansing, MI $ 165,000
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$ 165,000 Get more info
602 N Pennsylvania Avenue
$ 165,000
Back to search
Share Save

602 N Pennsylvania Avenue

Lansing, MI, 48912
$ 165,000
Baths0.0 Sq 2,932

Monthly Estimate*

$ 1,029

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Studio

Multi-Family Home for sale in Lansing, MI

for $165,000. This 2,932 square foot 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''.

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Multi-Family Active

Price

$ 165,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,438

Style

ResidentialIncome

Lot Size

0.15

Year Built

1872

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

630000290983
Features
General
Sewer PublicSewer
Heating HotWater Radiant
Roof Flat Shingle
Garage Spaces 2.0
Construction Materials VinylSiding
Year Built 1872
Levels Two
Tax Year 2025
County Ingham
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name NONE
Garage Y/N Y
Other Structures Garages
Status Active
Directions from Michigan Ave. North on Pennsylvania to Orchard East - parking on Orchard - home on corner of Orchard and Pennsylvania
City LansingCity_Ingham
Disclosures LeadBasedPaint
Senior Community Y/N N
High School District Lansing
Zoning Description Residential
Number Of Units Total 4
MLS Area Area11012Lansing
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4438.0
Home Warranty Y/N N
Current Financing None
Lease Renewal Y/N N
Additional Parcels 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
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Interior
Basement CrawlSpace Full
Flooring Carpet Vinyl Wood
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2932.0
Laundry Features None
Above Grade Finished Area Unit Type SquareFeet
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Exterior
Parking Features Detached Garage OnStreet Storage
Water Source Public
Foundation Details Basement MichiganBasement
Spa N
Lot Dimensions 43x148.5
Lot Size Acres 0.15
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 602
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* Excluded Features
List By
Thomas Barrett

Listing Agent

Keller Williams Realty Lansing

Broker

(517) 449-2930

Phone

Affordability Calculator

$1,399
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,029
Monthly Property Taxes
$370
Monthly 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
848538 Elementary School
848373 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
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 2,932 sqft and 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

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