If you are looking for a turn-key investment property that cash flows, look no further! This duplex in the heart of Lansing has been updated from top to bottom. The main floor is a 2 bedroom and 1 bath apartment that rents for $1,024 and the upstairs is a 1 bedroom and 1 bath apartment that rents for $700. There is a coin-operated shared laundry in the basement, a two-car detached garage and private entrances for each apartment. All utilities are split except for electric. Don't miss the opportunity, call or text listing agent for a private tour.
Multi-familyProperty Type
1908Year Built
4,791 sq ftLot Size
$117Price/Sq.Ft.
2 car garageParking
Listed by Josh Nelson• White Pine Sotheby's International Realty
Baker-Donora, located between W Saginaw St and W Michigan Ave, is a residential and civic Lansing neighborhood with mid-century blocks and a campus-edge energy. The neighborhood’s character concentrates around the Michigan Ave corridor near the Capitol complex, where coffee counters, lunch spots, and storefront services keep sidewalks active. Community pillars include the Michigan History Center, the Lansing Center, and the Wharton Center for Performing Arts. Streets read as practical and walkable, with a mix of smaller homes and apartment buildings. River-adjacent paths and downtown plazas shape daily routines. Architecture leans utilitarian, with occasional historic civic facades anchoring the skyline.
Provided by Walk Score and Local Logic
Market insights
1601 Bailey St · $134,900
DAYS ON MARKET
41 days
The average home goes pending in 12 days.
SALE-TO-LIST
101.1%
Most homes are selling 1% above list price.
LIST PRICE
$134,900
Median list price in this area is $153,065. (13% higher than this home)
PRICE DROP
0 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Private entrance
Private yard
Lighting
Bedrooms
Multiple units with 1-bedroom and 2-bedroom layouts
Bathrooms
Multiple units with one bathroom each
Laundry & utility
Laundry in basement
Heating & cooling
Forced air heating
Natural gas heating
No cooling
Exterior features
Front porch
Wrap-around porch
Shingle roof
Home design
Two levels
Parking
Detached garage
Concrete driveway
Total of 2 garage spaces
Total of 2 parking spaces
Construction
Vinyl siding
Block foundation
Block and concrete basement
Utilities
Public water
Public sewer
Financial info
Actual rent reported for some 2-bedroom units: $700
Other
Property listed as residential income
Property subtype: Duplex
Electricity and solar
View estimated energy costs and solar savings for this home
The intent of the R-6 Urban Residential District is to preserve the historic character of Lansing's most urban neighborhoods maintaining the scale of medium-density single-family detached residences. These neighborhoods feature small lots, early 20th century-built homes often with alleys and rear loading garages. Infill development in this district should respect the historic single-family character. Typical character types include Four-Square, Craftsman, and Queen Anne vernacular types. Front-facing gable and hip roofs are typical. The intent of sub-district R-6B is to integrate attached residential units into appropriate locations at the perimeter of established residential neighborhoods. Attached residential units are intended to provide a physical transition from the adjacent busier street types, and/or non-residential uses to the purely residential neighborhood.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Senior
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lansing, MI • 48910
Average low and high temperatures (°F)
27
15
34
19
52
31
61
40
67
47
80
60
84
64
79
59
76
52
64
43
48
35
35
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.5 hrs
3.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1601 Bailey St
$131,497
$3,403 under list price of $135K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $68K to $145K.