724 North Walnut Street is a beautifully renovated fourplex offering classic old-world charm with modern updates throughout. Each unit has been refreshed and is in great condition, making this a strong, income-producing property with all units currently rented. The building includes a shared washer and dryer in the common area, plus off-street parking located behind the property. Current rents total $3,935 per month, creating an attractive opportunity for investors looking for a stabilized multi-unit asset with character, curb appeal, and steady rental income. Utilities: Electric, Water, Sewer, Gas, and Garbage run roughly $775 per month during normal operation.
Multi-familyProperty Type
1902Year Built
6,969 sq ftLot Size
$73Price/Sq.Ft.
6 spacesParking
Listed by Cabus Dewey• EXIT Realty Home Partners
Bought with Cabus Dewey• EXIT Realty Home Partners
4 big 1 bedroom, 1 bath units. Near Downtown and Oldtown! Units 1 & 2 are vacant. Lanlord pays all utilities. Easy showing for vacant units. 24hours notice to view the occupied unit, request only by email directly to the listing agent. It offers access to LCC, Cooley Law School, and charming Oldtown. This 4-unit building is ready to generate income. One bedroom, one bath unit with utilities included, average $790 per month in this area.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
44 ft.
Lot depth
142 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Ingham County
APN
33-01-01-09-382-021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 10, 2021.
R-6B
Urban Residential District
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
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 6
Parking Features: Concrete, Additional Parking, Driveway, Parking Pad
Interior
Heating & Cooling
Cooling: None
Has Heating
Heating: Hot Water
Interior Features
Appliances: Gas Water Heater
Room Information
Laundry Features: Common Area, In Hall
Has Basement
Basement Details: Interior Entry
Unit Type 1 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 2 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 3 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 4 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $980
Unit Type 5 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 6 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: 980.0
Unit Type 7 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 8 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 9 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $985
Unit Type 10 Information
Type: 1 Bedroom
# of Bedrooms: 1
# of Bathrooms: 1
Actual Rent: $980
ListingKey: 15576444061591188679
ListingId: 297976
OriginatingSystemName: LansingMI
UnitTypeKey: 15579828135523164931
Exterior
Building Information
Above Grade Finished Area: 3,014
Levels: Two
Construction Materials: Wood Siding
Property Information
Property Type: Residential Income
Property Sub Type: Quadruplex
Raw Mls Property Sub Type: Quadruplex
Lot Information
Lot Features: Rectangular Lot
Lot Size : 0.16
Lot Size Dimensions: 33 x 165
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Zoning Description: Zoning
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Lansing
Location Information
Directions: Google Maps
Subdivision Name: Original of Lansing
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Ingham County
APN: 33-01-01-09-382-021
Home facts updated by county records on Sep 9, 2021
Around this home
Schools
Willow School
Public PreK-5 • Assigned • 1.0mi
4/10
Pattengill Academy
Public PreK-8 • Assigned • 1.8mi
4/10
J.W. Sexton High School
Public 9-12 • Assigned • 1.2mi
3/10
Provided by GreatSchools
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
88/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Lansing. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
4.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$197,000 – $238,000
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