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
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.

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Multi-Family Active

Price

$ 1,050,000

Bedrooms

Studio

Full Bath

12

Property Type

Multi-Family

Taxes

$ 22,241

Style

Lot Size

0.29

Year Built

1965

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

20251052605

Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Other
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1965
Levels Three
Property Subtype MultiFamily
County Ingham
Net Operating Income 103131.0
Operating Expense 57554.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name NORTHWESTERNNO 3
Garage Y/N N
Rent Includes Heat MaintenanceOffSite Sewer SnowRemoval TrashCollection Water YardMaintenance
Full Baths 12
Status Active
Directions South of the entrance to the Capital Region International Airport (LAN)
City LansingCity_Ingham
Disclosures AnnualPropertyOperatingDataAvailable LegalRentalCertified ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Lansing
Zoning Description Commercial
Number Of Units Total 12
MLS Area Area11012Lansing
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 12
Land Lease Y/N N
Tax Annual Amount 22241.44
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 275483
Expected Active Date 2025-11-07
Legal Description LOT 98 & LOT 97 EXC W'LY 35 FT NORTHWESTERN SUB NO 3
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Interior
Basement Common Full PartiallyFinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 7760.0
Half Baths 0
Laundry Features CommonArea
Above Grade Finished Area Unit Type SquareFeet
Total Baths 12
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Exterior
Parking Features ParkingLot
Water Source Other
Foundation Details Basement Poured
Spa N
Lot Dimensions Irregular
Lot Size Acres 0.29
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4221
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* Excluded Features
List By
Michael McClafferty

Listing Agent

Oakpointe Real Estate Advisors

Broker

(248) 972-7040

Phone

Affordability Calculator

$8,404
Per Month
78%
22%
0%
Monthly Principal & Interest
$6,551
Monthly Property Taxes
$1,853
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
Pricing History
DatePricePrice ChangeDescription
11/17/2025$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