Homes with Basements for Sale in Downtown Lansing, MI

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ABOUT THIS HOME
Home with Basement for sale in Downtown Lansing, MI:
Turnkey investment property with rental income! This updated home currently has a tenant in place paying $1,400 per month, with a lease secured through November 15, 2026, offering investors cash flow from day one. Ideally located close to LCC, Quality Dairy, nearby parks, and the Grand River, the property benefits from strong rental demand due to its central location and proximity to local amenities. The home features a traditional floor plan with a bright living room and a spacious dining area, creating an inviting layout that appeals to occupants. An updated kitchen includes durable vinyl flooring and abundant cabinet storage, making it both practical and attractive. Upstairs you'll find

$99,000

3 beds2 baths1,320 sq ft

Covered front porch • Updated kitchen • Rental income

612 N Walnut St, Lansing, MI 48933

FLOOR PLAN

ABOUT THIS HOME
Home with Basement for sale in Downtown Lansing, MI:
Investor Opportunity in Downtown Lansing! Located just ½ mile from the Michigan State Capitol, this fully rented, licensed duplex offers immediate income potential in a prime downtown location. Each unit features its own gas furnace, providing separate heating and added convenience for tenants. The property also boasts a brand-new front porch and a large rear parking lot with plenty of off-street parking—a major advantage in the downtown Lansing market. With strong rental appeal, established tenants, and a highly desirable location, this is an excellent addition to any investor's portfolio. Don't miss this turnkey income-producing opportunity! Apt #1 $815 per month. Lease contr

$149,900

40 beds24 baths1,528 sq ft

Gas furnace • Rear parking lot • Front porch

429 N Pine St, Lansing, MI 48933

ABOUT THIS HOME
Home with Basement for sale in Downtown Lansing, MI:
Welcome to 516 Leitram St in Lansing, a spacious 4-bedroom, 2-bath home offering a convenient location and comfortable living space. Enjoy the charm of the enclosed front porch, perfect for relaxing or creating additional living space. Outside, the fully fenced backyard with privacy fencing provides a great space for pets, entertaining, gardening, or simply enjoying some outdoor privacy. Conveniently located near local amenities, this home offers a great combination of space, privacy, and accessibility.

$169,900

4 beds2 baths1,628 sq ft

Great space for pets • Privacy fencing • Outdoor privacy

516 Leitram St, Lansing, MI 48915

ABOUT THIS HOME
Home with Basement for sale in Downtown Lansing, MI:
Located close to Downtown Lansing and near 496. Looking for a fixer upper project? This could be the one! Nice built in buffet area! Some newer windows. 3 bedrooms with 1 full bath. New roof in 2026. Furnace and Hot water heater new in 2023. Shared driveway with area to park in the back.

$59,900

3 beds1 bath1,142 sq ft

Built in buffet area • Newer windows • New roof

1017 W Hillsdale St, Lansing, MI 48915

3D WALKTHROUGH

ABOUT THIS HOME
Home with Basement for sale in Downtown Lansing, MI:
Late 1800's Victorian house is sitting, waiting for it's next visionary. Best part is the carriage house in rear is also available and set up as duplex with 2 x 1 bed 1 bath units, with separate heating/cooling and electrical (shared water between all 3 properties but could be split) (and new roof that was torn off and re-shingled with new underlayment). Don't need the rental convert back to garage with finished upstairs. Home boasts 2100 finished square feet with the original wood flooring, doors and trim. Most all plaster work has been redone and 2nd floor fireplace restored. Could also be a duplex with plumbing in place for 2nd kitchen or 2nd floor laundry. Would offer 6 beds and 2 baths

$250,000

21 beds12 baths3,668 sq ft

Plaster work redone • Duplex setup • Carriage house

420 W Ionia St, Lansing, MI 48933

Property at 908 W Lapeer St, Lansing, MI 48915, 4 beds, 1.5 baths

$104,900

4 beds1.5 baths1,372 sq ft

908 W Lapeer St, Lansing, MI 48915

Property at 411 W Ionia St, Lansing, MI 48933, 5 beds, 1.5 baths

$159,000

5 beds1.5 baths1,908 sq ft

411 W Ionia St, Lansing, MI 48933

Property at 1013 W Hillsdale St, Lansing, MI 48915, 4 beds, 2 baths

$149,900

4 beds2 baths1,458 sq ft

1013 W Hillsdale St, Lansing, MI 48915

Property at 406 N Butler Blvd, Lansing, MI 48915, 2 beds, 2 baths

$144,900

2 beds2 baths879 sq ft

406 N Butler Blvd, Lansing, MI 48915

Property at 921 W Genesee St, Lansing, MI 48915, 3 beds, 1 bath

$115,000

3 beds1 bath1,240 sq ft

921 W Genesee St, Lansing, MI 48915

Property at 505 W Lenawee St, Lansing, MI 48933, 4 beds, 1.5 baths

$174,900

4 beds1.5 baths1,479 sq ft

505 W Lenawee St, Lansing, MI 48933

Property at 621 N Walnut St, Lansing, MI 48933, 52 beds, 39 baths

$170,000

52 beds39 baths1,965 sq ft

621 N Walnut St, Lansing, MI 48933

Property at 514 N Walnut St, Lansing, MI 48933, 40 beds, 20 baths

$149,900

40 beds20 baths1,826 sq ft

514 N Walnut St, Lansing, MI 48933

Property at 223 E Hillsdale St #2, Lansing, MI 48933, 36 beds, 24 baths

$114,900

36 beds24 baths1,818 sq ft

223 E Hillsdale St #2, Lansing, MI 48933

Property at 217 E Hillsdale St, Lansing, MI 48933 2413, 4 beds, 2 baths

$249,000

4 beds2 baths3,360 sq ft

217 E Hillsdale St, Lansing, MI 48933 2413

(248) 422-6962

Property at 320 W Genesee St, Lansing, MI 48933, 4 beds, 2 baths

$175,000

4 beds2 baths1,380 sq ft

320 W Genesee St, Lansing, MI 48933

Property at 425/425.5 N Butler Blvd, Lansing, MI 48915, 27 beds, 18 baths

$170,000

27 beds18 baths1,407 sq ft

425/425.5 N Butler Blvd, Lansing, MI 48915

Property at 616 N Butler Blvd, Lansing, MI 48915, 14 beds, 28 baths

$115,000

14 beds28 baths1,419 sq ft

616 N Butler Blvd, Lansing, MI 48915

Property at 614 N Butler Blvd, Lansing, MI 48915, 3 beds, 2 baths

$120,000

3 beds2 baths1,376 sq ft

614 N Butler Blvd, Lansing, MI 48915

Property at 309 W Lapeer St, Lansing, MI 48933, 3 beds, 1 bath

$107,000

3 beds1 bath1,950 sq ft

309 W Lapeer St, Lansing, MI 48933

(989) 284-4143

Property at 433 N Butler Blvd, Lansing, MI 48915, 5 beds, 2 baths

$170,000

5 beds2 baths1,766 sq ft

433 N Butler Blvd, Lansing, MI 48915

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Homes with Basements for Sale in Downtown Lansing

There are currently 21 homes with basements for sale in Downtown Lansing at a median listing price of $150K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Downtown Lansing stay on the market for 87 days. Popular neighborhoods include Baker-Donora, Genesse, Sea Colony, West Lansing, and Green Oaks. This map is refreshed with the newest listings in Downtown Lansing every 15 minutes.

In the past month, 2 homes have been sold in Downtown Lansing. In addition to houses in Downtown Lansing, there were also 3 condos, 0 townhouses, and 12 multi-family units for sale in Downtown Lansing last month. Find your dream home in Downtown Lansing using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Downtown Lansing are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Downtown Lansing. If you're looking to sell your home in the Downtown Lansing area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Downtown Lansing with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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