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514 N Walnut Street Lansing, MI $ 158,500
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514 N Walnut Street
$ 158,500
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514 N Walnut Street

Lansing, MI, 48933
$ 158,500
Baths2.0

Monthly Estimate*

$ 976

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Studio

Multi-Family Home for sale in Lansing, MI

for $158,500 with 2 full baths. This home was built in 1894 on a lot size of 0.32.

WELCOME TO THIS WELL-MAINTAINED TWO-STORY DUPLEX OFFERING A FANTASTIC INVESTMENT OPPORTUNITY WITH STABLE, IMMEDIATE RENTAL INCOME. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH APPROXIMATELY 1,000 SQUARE FEET OF LIVING SPACE. BOTH UNITS ARE VERY CLEAN, WELL CARED FOR, AND CURRENTLY OCCUPIED BY TENANTS, MAKING THIS A TRUE TURNKEY, INCOME-PRODUCING PROPERTY. ENJOY OPEN AND SPACIOUS FLOOR PLANS FILLED WITH GREAT NATURAL LIGHT THROUGHOUT. THE PROPERTY ALSO INCLUDES A COIN-OPERATED LAUNDRY IN THE BASEMENT, PROVIDING ADDITIONAL REVENUE POTENTIAL. A LARGE PARKING LOT OFFERS AMPLE OFF-STREET PARKING FOR TENANTS. CONVENIENTLY LOCATED NEAR LCC, CLOSE TO DOWNTOWN DINING & NIGHTLIFE, AND JUST MINUTES FROM OLD TOWN & REO TOWN, THIS PROPERTY IS PERFECTLY SITUATED FOR CONTINUED STRONG RENTAL DEMAND A SOLID, STABLE INCOME EARNER READY TO ADD TO YOUR PORTFOLIO.

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Multi-Family Active

Price

$ 158,500

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.32

Year Built

1894

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

294234
Features
General
Sewer Public Sewer
Heating Hot Water Natural Gas
Cooling None
Construction Materials Rough Sawn Wood Siding
Year Built 1894
Township Lansing City
Levels Two
Property Subtype Duplex
Tax Year 2025
County Ingham
Net Operating Income 12540.0
Operating Expense 5300.0
Insurance Expense 1100.0
Property Type Resid/Multi-Family
Attached Garage N
Subdivision Name Original of Lansing
Garage Y/N N
Status Active
Directions SAGINAW / WALNUT. SOUTH ON WALNUT TO DUPLEX
City Lansing
Senior Community Y/N N
High School District Lansing
Zoning Description Zoning
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 13939.2
Carport Y/N N
Land Lease Y/N N
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 55321
Legal Description W 104 FT LOT 9 BLOCK 71 ORIG PLAT
New Construction None
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Interior
Basement Full
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Above Grade Finished Area 1826.0
Laundry Features In Basement See Remarks
Total Baths 2
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Exterior
Parking Features Concrete Parking Lot
Lot Features City Lot
Water Source Public
Total Parking 4.0
Lot Size Area 0.32
Spa N
Lot Dimensions 66x104
Lot Size Acres 0.32
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 514
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* Excluded Features
List By
John Hagerty, Jr.

Listing Agent

Five Star Real Estate - Lansing

Broker

realtorjohnjames@gmail.com

Email

Affordability Calculator

$976
Per Month
100%
0%
0%
Monthly Principal & Interest
$976
Monthly Property Taxes
--
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
2075809 Elementary School
2075905 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/4/2026$158,500 Listed Price

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514 N Walnut Street, Lansing, MI, 48933 is a Multi-Family Home for sale at $158,500 with a lot size of 0.32. 514 N Walnut Street is a studio with 2.0 baths and was built in 1894. The property's zip code is 48933 which is in Lansing, MI

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