1023 S Pennsylvania Avenue Lansing, MI ^$ 249,800

1023 S Pennsylvania Avenue

^$ 249,800

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Recently Listed

1023 S Pennsylvania Avenue

Lansing, MI, 48912

^$ 249,800

Studio Baths1.0

Monthly Estimate*

^$ 1,577

1023 S Pennsylvania Avenue, Lansing, MI 48912 - Image 1

Studio

Multi-Family Home for sale in Lansing, MI

for $249,800 with 1 full bath. This home was built in 1928 on a lot size of 0.24.

Established 3-unit multi-family in Lansing's central Holmes Street area, fully occupied and producing steady rental income. Solid 1928-built brick-and-frame building offering approximately 2,305 square feet across three units. Off-street parking. Convenient to Sparrow Hospital, Frandor, and downtown a consistently strong rental location. Great buy-and-hold opportunity. Please do not disturb tenants. Buyer to verify all information.

Multi-Family Active

Price

^$ 249,800

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Triplex

Lot Size

0.24

Year Built

1928

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

297987

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling None

Construction Materials Vinyl Siding

Year Built 1928

Township Lansing City

Levels Two

Property Subtype Triplex

Tax Year 2025

County Ingham

Property Type Resid/Multi-Family

Attached Garage N

Subdivision Name None

Garage Y/N N

Status Active

Directions Mt Hope to Pennsylvania

City Lansing

Senior Community Y/N N

High School District Lansing

Zoning Description Zoning

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 10454.4

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 45418

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/31/2022. LOT 7 & S 38.5 FT LOT 6 BLOCK 8 MANUFACTURERS ADD NO 2

New Construction None

Interior

Basement Full

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Above Grade Finished Area 2305.0

Laundry Features Electric Dryer Hookup Washer Hookup

Total Baths 1

Exterior

Parking Features On Street

Water Source Public

Total Parking 3.0

Lot Size Area 0.24

Spa N

Lot Dimensions 78.5x134.4

Lot Size Acres 0.24

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 1023

* Excluded Features

List By

Rob Buffington

Listing Agent

White Pine Sotheby's International Realty

Broker

wpsiroffers@homeseekers.net

Affordability Calculator

$1,577

Per Month

Monthly Principal & Interest: $1,577
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$154,210

Percent of Sale Price 38%

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.

2075809 Elementary School

2075905 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/29/2026	$249,800		Listed Price

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1023 S Pennsylvania Avenue, Lansing, MI, 48912 is a Multi-Family Home for sale at $249,800 with a lot size of 0.24. 1023 S Pennsylvania Avenue is a studio with 1.0 baths and was built in 1928. The property's zip code is 48912 which is in Lansing, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Listing data provided courtesy of the IDX Program of The Greater Lansing Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

Information is deemed reliable but is not guaranteed accurate by the MLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/29/2026.

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1023 S Pennsylvania Avenue

Multi-Family Home for sale in Lansing, MI

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