Excellent investment opportunity in Lansing, MI! This 3-unit rental consists of a 3 bed/1 bath unit and two 1 bed/1 bath units/ Gross rents at $2,075/month. 11% Cap Rate in 2019, 24 hour notice. Seller is a licensed real estate salesperson in the state of Michigan
Multi-familyProperty Type
1878Year Built
2,874 sq ftLot Size
Listed by Robert Glennon• Keller Williams Realty Lansing
Bought with Rayce O'Connell• RE/MAX Real Estate Professionals
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
2
Lot width
40 ft.
Lot depth
72 ft.
Lot size
3,049 Sq. Ft.
Year renovated
—
Sq. Ft.
2,467
Year built
1878
Style
Single Family Residential
County
Ingham County
APN
33-01-01-09-364-131
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2026.
MX-C
Mixed Use Urban Corridor District
The purpose and intent of the MX-C Mixed Use Urban Corridor District is to provide for a vertical and horizontal mix of uses, typically with retail or commercial space on the ground floor and office or residential uses on upper floors. Development is characterized by buildings located closer to the street to promote walking and biking, and to create a character that is more "place" based than auto-oriented. However, in recognition of the arterial and suburban corridors that dominate the district frontages, this district is likely to contain some single-use buildings, so some variation in development is expected.
Permitted uses
Include but are not limited to:
Bank
Laundromat
Housing-Multiple units
Manufacturing
Processing
Lodging & hospitality
Office
Library
Recreation-Other
Park & open space
Property details
Parking
Parking & Garage Information
Has Attached Garage: No
Parking Features: Gravel
Interior
Heating & Cooling
Heating: Hot Water
Has Heating: Yes
Exterior
Exterior Features
Patio And Porch Features: Covered
Property Information
Year Built: 1878
Levels: Two
Lot Information
Lot Size Acres: 0.07
Lot Size Dimensions: 40x72
Lot Size Area: 0.07
Lot Size Square Feet: 2874.96
Lot Size Units: Acres
Zoning: Residential
Location
School Information
High School District: Lansing
Location Information
Directions: Saginaw (M-43) East to Walnut. Turn left on Walnut. Property is on the Northwest corner of Saginaw & Walnut.
Subdivision Name: None
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 2,467
Stories: 2.0
Lot Size: 3,049 square feet
Style: Single Family Residential
Year Built: 1878
Year Renovated: —
County: Ingham County
APN: 33-01-01-09-364-131
Home facts updated by county records on Oct 28, 2026
Other
Miscellaneous Information
Construction Materials: Vinyl Siding
Around this home
Schools
K - 12
Preschool & daycare
Willow School
Public PreK-5 • Assigned • 0.9mi
4/10
Pattengill Academy
Public PreK-8 • Assigned • 1.8mi
4/10
J.W. Sexton High School
Public 9-12 • Assigned • 1.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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 • 48906
Average low and high temperatures (°F)
27°
15°
34°
19°
52°
31°
61°
41°
67°
48°
79°
60°
85°
66°
80°
60°
76°
54°
63°
44°
48°
35°
34°
23°
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2.6 hours in December, placing it below the
U.S. average for solar exposure.
9.8 hrs
2.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$143,000 – $174,000
Sell confidently with a local market expert in Lansing. 3 minutes to get started.