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Listed price in listed location currency (USD).
$85,000

524

MLS® 25032568

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $5,027
Days Active 163
Lot Size 0.12 acres
Approx. Age 1903
MLS® Number 25032568

Property Address: 509 N Walnut St, Lansing, MI, 48933-1126

Average square foot calculated using Size range provided by listing agent.

Description

For sale ''As is'' knob and tube wiring needs to be replaced and price is a reflection of that needed upgrade. Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.
MLS® Number25032568
Laundry LevelNone
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageNo
Approx. Age1903
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 3, 2025List Date
$85,000List Price
  • Commute

Commute

Starting Address
Destination Address
509 N Walnut St, Lansing, MI

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