Look no further for a great income producing property outside the City! $32,760 currently a year in rent! One tax id with 2 buildings and 4 units total. Laundry in the common area of both. Separate drainfields, shared well. Space between the 2 buildings to possibly build a 3rd building; subject to township approval. Long term tenants and very easy to rent. 2 Car attached garage with each.
Multi-familyProperty Type
1977Year Built
2 acresLot Size
$207Price/Sq.Ft.
Listed by Ryan Anderson• FIRST CHOICE REALTY
Bought with Matthew Showalter• THE SHOWALTER GROUP LLC
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
Market trends in 48883, MI
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
97.7%
1.4% MoM
Median sale price
$205K
$36K MoM
Avg. days on market
42d
2 days MoM
Recently sold homes
15
3 MoM
Provided by Redfin
Sale history for 5601 S Shepherd Rd
Date
Event
Price
Greater Lansing AoR #1332898
Feb 15, 2022
Sold
$205,000
$207/sq ft
Aug 30, 2021
Listed
$299,900
$304/sq ft
Look no further for a great income producing property outside the City! $32,760 currently a year in rent! One tax id with 2 buildings and 4 units total. Laundry in the common area of both. Separate drainfields, shared well. Space between the 2 buildings to possibly build a 3rd building; subject to township approval. Long term tenants and very easy to rent. 2 Car attached garage with each.
REALCOMP #79001332898
Feb 15, 2022
Sold
$205,000
$207/sq ft
Aug 30, 2021
Listed
$299,900
$304/sq ft
Public Records
Dec 5, 2018
Sold
$125,000
$127/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,045 (+8.3%)
2023
$6,508 (+25.3%)
2022
$5,192 (+3.3%)
2021
$5,024 (+1.4%)
2020
$4,954 (−17.6%)
2019
$6,010 (+31.9%)
2018
$4,556 (+5.1%)
2017
$4,336 (−1.9%)
2016
$4,422 (+0.3%)
2015
$4,408 (+3.7%)
2013
$4,250
Tax history for 5601 S Shepherd Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,045 (+8.3%)
2023
$6,508 (+25.3%)
2022
$5,192 (+3.3%)
2021
$5,024 (+1.4%)
2020
$4,954 (−17.6%)
2019
$6,010 (+31.9%)
2018
$4,556 (+5.1%)
2017
$4,336 (−1.9%)
2016
$4,422 (+0.3%)
2015
$4,408 (+3.7%)
2013
$4,250
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.