Buyer financing fell through! Solid investment property with long rental history. This two-story single-family home has 1,838 finished square feet, including 6 bedrooms and 4 bathrooms. Finished rec room (or 7th bedroom) in basement. Extensive renovations, including new carpet, new windows, and new appliances in 2025. New A/C in 2024 and new roof in 2019. The property is vacant; the most recent tenant was paying $1,650 per month. The City of Lansing rental license expires on 8/1/28. This property is one of 3 investment properties located next door to each other being sold individually or as a package (425, 427 & 433 N Butler Blvd). This is an excellent opportunity to start or expand your rental portfolio. The property holds a Section 8 certificate.
Single-familyProperty Type
1912Year Built
4,791 sq ftLot Size
$92Price/Sq.Ft.
Listed by Gary Naeyaert• EXIT Realty Home Partners
Genesse, located between W Saginaw St and W Grand River Ave, is a historic and residential Lansing neighborhood with tree-lined blocks and a walkable street grid. The neighborhood’s character concentrates around the Michigan Ave corridor near the Capitol, where coffee counters, galleries, and small eateries set a steady daytime rhythm. Early-20th-century houses and compact apartment buildings give the streets a layered, lived-in architectural feel. The River Trail and nearby parks add a green edge for walking and cycling. The Michigan Theater, The Avenue Cafe, and Strange Matter Coffee anchor local culture with live shows, late-night bites, and espresso rituals.
Provided by Walk Score and Local Logic
Market insights
427 N Butler Blvd · $170,000
DAYS ON MARKET
125 days
The average home goes pending in 40 days.
SALE-TO-LIST
98.4%
Most homes are selling 2% below list price.
LIST PRICE
$170,000
Median sale price in this area is $229,426. (35% higher than this home)
PRICE DROP
0 price drops
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Dishwasher
Disposal
Microwave
Oven
Refrigerator
Water heater
Full basement
Bedrooms
Total rooms: 9
Bathrooms
4 full bathrooms
Kitchen
Dishwasher
Microwave
Oven
Refrigerator
Disposal
Water heater
Laundry & utility
Laundry in basement
Flooring
Carpet
Linoleum
Heating & cooling
Forced air heating (natural gas)
Central air conditioning
Exterior features
Front porch
Shingle roof
City street frontage
Public-maintained road
Home design
Single-family residence
Two levels
Faces east
Used as an investment property
Parking
On-site parking
Parking lot
Shared driveway
Construction
Vinyl siding
Block foundation
Foundation area 819
Utilities
Public water
Public sewer
Financial info
Annual tax amount available
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 97° expected this year, 16 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 • 48915
Average low and high temperatures (°F)
27
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34
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52
31
61
41
68
47
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85
65
80
60
76
54
65
44
48
35
34
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 427 N Butler Blvd
$168,051
$1,949 under list price of $170K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $130K to $215K.