4221 N Grand River Avenue Lansing, MI ^$ 1,050,000

4221 N Grand River Avenue

^$ 1,050,000

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4221 N Grand River Avenue

Lansing, MI, 48906

^$ 1,050,000

Studio Baths12.0 Sq 7,760

Monthly Estimate*

^$ 6,551

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Studio

Multi-Family Home for sale in Lansing, MI

for $1,050,000 with 12 full baths. This 7,760 square foot home was built in 1965 on a lot size of 0.29.

Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing's northwest Grand River corridor. Built in 1965 and renovated in 2023, the property totals 7,760 SF across one two-story building with a garden-level layout. The unit mix consists of eleven 2-bed/1-bath apartments and one 1-bed/1-bath unit, averaging 783 SF. Current occupancy is 100%, generating over $13,000 in monthly rent with additional upside through continued rent growth and operational efficiencies. Priced at $1,100,000 ($91,667/unit), Skyline offers investors a multifamily investment opportunity, supported by Lansing's strong employment base anchored by Michigan State University, Sparrow Health, and General Motors.

Multi-Family Active

Price

^$ 1,050,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 22,241

Style

Lot Size

0.29

Year Built

1965

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

60951878

Features

General

Heating Baseboard

Possession At Close

Status Active Active

Full Baths 12

Half Baths 0

Bathrooms 12

Year Built 1965

Subdivision Northwesternno 3 MI

County Ingham

Class MULTIFAMILY

Type Multi-Family

Net Income 103131

Ownership Private

Municipality Lansing

Zoning Commercial

Sale/Rent For Sale

Status Detail 0

Area Lansing (33021)

Primary City Lansing

Directions South of the entrance to the Capital Region International Airport (LAN)

City Lansing

School District Lansing Public School District

Financial Terms Cash Conventional

Legal Description LOT 98 & LOT 97 EXC W'LY 35 FT NORTHWESTERN SUB NO 3

DOM 26

Postal Code 48906

Price Per Sq Ft Total AG 135.31

Public Remarks Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing's northwest Grand River corridor. Built in 1965 and renovated in 2023 the property totals 7

Interior

Basement Common Poured Partially Finished

Fireplace? No

Total Number of Units 12

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.29

Lot Dimensions Irregular

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Michael McClafferty

Listing Agent

Oakpointe Real Estate Advisors

Broker

michael@oakpointeadvisors.com

Affordability Calculator

$8,404

Per Month

Monthly Principal & Interest: $6,551
Monthly Property Taxes: $1,853
Monthly Home Insurance: --

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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 ^$188,383

Percent of Sale Price 82%

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
11/18/2025	$1,050,000	-4.55%	Price Down
11/8/2025	$1,100,000		Listed Price

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4221 N Grand River Avenue, Lansing, MI, 48906 is a Multi-Family Home for sale at $1,050,000 with 7,760 sqft and a lot size of 0.29. 4221 N Grand River Avenue is a studio with 12.0 baths and was built in 1965. The property's zip code is 48906 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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4221 N Grand River Avenue

Multi-Family Home for sale in Lansing, MI

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