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1954-1964 E Saginaw Street East Lansing, MI $ 449,000
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1954-1964 E Saginaw Street
$ 449,000
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1954-1964 E Saginaw Street

East Lansing, MI, 48823
$ 449,000
Baths0.0

Monthly Estimate*

$ 2,765

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Studio

Multi-Family Home for sale in East Lansing, MI

for $449,000. This home was built in 1940 on a lot size of 1.61.

Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes on a 1.61-acre parcel in the desirable Haslett School District. This income-producing property offers strong cash flow today with major upside tomorrow, the seller has already received township approval for an additional structure with up to 5 more units, creating exceptional future development and rental income potential. One home was custom built in 2022 while the second home has been extensively updated, making this a unique opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showings.

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Multi-Family Active

Price

$ 449,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 14,300

Style

2 to 4 Units

Lot Size

1.61

Year Built

1940

Town/City

East Lansing

County/Region

Ingham

MLS | Web ID

26024752
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Electricity Connected
Possession Negotiable
Construction Materials Vinyl Siding
Year Built 1940
Tenant Pays Electric Gas
Township Meridian Twp
Property Subtype 2 to 4 Units
Tax Year 2025
County Ingham
New Construction N
Property Type Multi Family
Status Active
City East Lansing
High School District Haslett
Zoning Description Residential
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 70132.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 14300.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 196344
Legal Description M3-7 THAT PT OF NW FRL 1/4 OF NW FRL 1/4 LYING NW OF M-78 HWY SEC 3 T4NR1W 3A.
Senior Community None
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Interior
Basement Slab
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement
Total Baths 0
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Exterior
Water Source Well
Total Parking 4.0
Lot Size Area 1.61
Number of Buildings 2
Spa N
Lot Dimensions 1.61
Lot Size Acres 1.61
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 19541964
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* Excluded Features
List By
616 Realty Llc

Broker

jer.kirkland@616realty.com

Email

Affordability Calculator

$3,956
Per Month
70%
30%
0%
Monthly Principal & Interest
$2,765
Monthly Property Taxes
$1,192
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
4303082 Elementary School
4303081 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/26/2026$449,000 Listed Price

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1954-1964 E Saginaw Street, East Lansing, MI, 48823 is a Multi-Family Home for sale at $449,000 with a lot size of 1.61. 1954-1964 E Saginaw Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 48823 which is in East Lansing, MI

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