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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
Baths0.0 Sq 1,826

Monthly Estimate*

$ 976

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Studio

Multi-Family Home for sale in Lansing, MI

for $158,500. This 1,826 square foot 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 DEMANDA SOLID, STABLE INCOME EARNER READY TO ADD TO YOUR PORTFOLIO.

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Multi-Family Active

Price

$ 158,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,745

Style

ResidentialIncome

Lot Size

0.32

Year Built

1894

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

630000294234
Features
General
Sewer PublicSewer
Heating HotWater NaturalGas
Construction Materials WoodSiding
Year Built 1894
Levels Two
Tax Year 2025
County Ingham
Net Operating Income 12540.0
Operating Expense 5300.0
Insurance Expense 1100.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ORIGINAL OF LANSING
Garage Y/N N
Status Active
Directions SAGINAW / WALNUT. SOUTH ON WALNUT TO DUPLEX
City LansingCity_Ingham
Disclosures LeadBasedPaint
Senior Community Y/N N
High School District Lansing
Zoning Description Residential
Number Of Units Total 2
MLS Area Area11012Lansing
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 4745.0
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
Tax Assessed Value 55321
Legal Description W 104 FT LOT 9 BLOCK 71 ORIG PLAT
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1826.0
Laundry Features InBasement SeeRemarks
Above Grade Finished Area Unit Type SquareFeet
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Exterior
Parking Features Concrete ParkingLot
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 66x104
Lot Size Acres 0.32
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 1 514
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* Excluded Features
List By
John Hagerty, Jr.

Listing Agent

Five Star Real Estate - Lansing

Broker

(517) 803-5868

Phone

Affordability Calculator

$1,371
Per Month
71%
29%
0%
Monthly Principal & Interest
$976
Monthly Property Taxes
$395
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
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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 1,826 sqft and a lot size of 0.32. 514 N Walnut Street is a studio with 0.0 baths and was built in 1894. The property's zip code is 48933 which is in Lansing, MI

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