$158,500

514 N Walnut Street, Lansing, MI 48933

2 baths

Duplex
Built in 1894
0.32acre lot
—— car garage
$——/sqft
Listed 28 days ago

Property Description

WELCOME TO THIS WELL-MAINTAINED TWO-STORY DUPLEX OFFERING A FANTASTIC INVESTMENT OPPORTUNITY WITH STABLE, IMMEDIATE RENTAL INCOME. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH APPROXIMATELY 1,000 SQUARE FEET OF LIVING SPACE. BOTH UNITS ARE VERY CLEAN, WELL CARED FOR, AND CURRENTLY OCCUPIED BY TENANTS, MAKING THIS A TRUE TURNKEY, INCOME-PRODUCING PROPERTY. ENJOY OPEN AND SPACIOUS FLOOR PLANS FILLED WITH GREAT NATURAL LIGHT THROUGHOUT. THE PROPERTY ALSO INCLUDES A COIN-OPERATED LAUNDRY IN THE BASEMENT, PROVIDING ADDITIONAL REVENUE POTENTIAL. A LARGE PARKING LOT OFFERS AMPLE OFF-STREET PARKING FOR TENANTS. CONVENIENTLY LOCATED NEAR LCC, CLOSE TO DOWNTOWN DINING & NIGHTLIFE, AND JUST MINUTES FROM OLD TOWN & REO TOWN, THIS PROPERTY IS PERFECTLY SITUATED FOR CONTINUED STRONG RENTAL DEMAND A SOLID, STABLE INCOME EARNER READY TO ADD TO YOUR PORTFOLIO.

Listing Status:: Active
Date Added:: March 4, 2026
Data Last Updated:: April 2, 2026 at 1:38AM
Listing Office:: Five Star Real Estate - Lansing : 517-507-0068
Listing Agent:: John Hagerty, Jr. : 517-803-5868
MLS ID:: 294234

Laundry: In BasementSee Remarks
Basement: Full
A/C: None
Heating: Hot WaterNatural Gas

General: Wood SidingRough SawnTwo

Road/Access: City Street
Originating MLS: Greater Lansing Association of REALTORS®
School District: Lansing
County: Ingham

Zoning: W 104 FT LOT 9 BLOCK 71 ORIG PLAT33-01-01-16-129-052

Water: Public
Sewer: Public Sewer

Source: Greater Lansing Association of REALTORS®

This listing courtesy of John Hagerty, Jr. , Five Star Real Estate - Lansing

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Willow School

1012 W Willow St, Lansing, MI, 48915

Grades PK-4

0.86 miles away

Jw Sexton High School

102 McPherson Ave, Lansing, MI, 48915

Grades 7-12

1.07 miles away

Jw Sexton High School

102 McPherson Ave, Lansing, MI, 48915

Grades 7-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.