1031 N Washington Avenue Lansing, MI $ 285,000
1031 N Washington Avenue
$ 285,000
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1031 N Washington Avenue

Lansing, MI, 48906
$ 285,000
Baths2.0 Sq 2,727

Monthly Estimate*

$ 1,755

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Studio

Multi-Family Home for sale in Lansing, MI

for $285,000 with 2 full baths. This 2,727 square foot home was built in 1860 on a lot size of 0.25.

Historic mixed-use opportunity in the heart of Old Town Lansing. This versatile property offers 2,727 SF with a ground-floor office suite and an upper-level residential unit, each with separate entrances. Zoned DT-1 (Downtown 1), the building supports a variety of commercial, office, and residential uses. The lower level is currently occupied by an engineering firm whose ownership is relocating, creating near-term availability for an owner-occupant or investor seeking to lease at market rates. The space features high ceilings, strong natural light, a half bathroom, a kitchenette, and a flexible layout suitable for professional services, creative office, or potential residential conversion with improvements. The upper level includes a six-bedroom apartment with a shared kitchen and full bath, previously leased by the room at approximately $375 per bedroom. One bedroom is currently leased through August. Separate meters, rear access, and parking enhance rental flexibility and tenant appeal. Potential configurations include a single large office, two office suites, two residential units (with added shower/range on lower level), live/work configuration, or conversion to a single-family residence. Prominent frontage along N. Washington Avenue provides visibility within one of Lansing’s most walkable and vibrant districts. Ideal for owner-users, investors, or buyers seeking adaptive reuse in a strong mixed-use corridor.

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Multi-Family Active

Price

$ 285,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,763

Style

Colonial,Duplex,Historic,Upper Lower Apartment

Lot Size

0.25

Year Built

1860

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

20261009034

Features
Interior
Interior Amenities EntranceFoyer HighSpeedInternet ProgrammableThermostat
Basement Partial
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2727.0
Half Baths 0
Laundry Features None
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters
Cooling CentralAir
Possession SubjectToTenantRights
Garage Spaces 0.0
Patio/Porch Features Patio
Architectural Style Colonial Duplex Historic UpperLowerApartment
Pool Features None
Security Features ExteriorVideoSurveillance
Construction Materials WoodSiding
Pets Allowed No
Year Built 1860
Levels Two
Property Subtype MultiFamily
County Ingham
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ORIGINAL OF LANSING
Garage Y/N N
Full Baths 2
Status Active
Directions From US-127 North take the Saginaw Street exit toward Downtown Lansing. Turn left (west) onto E. Saginaw Street then turn right (north) onto N. Washington Avenue. Property will be on the left in Ol
City LansingCity_Ingham
Disclosures ActualIncome AnnualPropertyOperatingDataAvailable ConformstoZoning NoInventoryIncluded TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Lansing
Zoning Description Commercial MultiFamily Office
Number Of Units Total 2
MLS Area Area11012Lansing
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 4763.23
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 MultipleOccupantTypes
Tax Assessed Value 58884
Expected Active Date 2026-02-26
Legal Description E 100 FT OF S 21 FT LOT 1 & E 100 FT OF N 33 FT LOT 2 BLOCK 41 ORIG PLAT
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Exterior
Exterior Amenities PrivateEntrance
Parking Features ParkingLot OnStreet
Water Source Other
Total Parking 6.0
Foundation Details MichiganBasement
Spa N
Lot Dimensions 54X100
Lot Size Acres 0.25
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 1031
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* Excluded Features
List By
Audrey Schultz

Listing Agent

Exp Realty Main

Broker

(517) 745-0008

Phone

Affordability Calculator

$2,152
Per Month
82%
18%
0%
Monthly Principal & Interest
$1,755
Monthly Property Taxes
$397
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/10/2026$285,000 -3.39% Price Down
2/19/2026$295,000 Listed Price

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1031 N Washington Avenue, Lansing, MI, 48906 is a Multi-Family Home for sale at $285,000 with 2,727 sqft and a lot size of 0.25. 1031 N Washington Avenue is a studio with 2.0 baths and was built in 1860. The property's zip code is 48906 which is in Lansing, MI