$165,000

602 N Pennsylvania Avenue, Lansing, MI 48912

Multi-Family Home
Built in 1872
6,534sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.

Listing Status:: Active
Date Added:: October 28, 2025 at 05:00AM
Listing Office:: Keller Williams Realty Lansing : 517-853-1200
Listing Agent:: Thomas Barrett : 517-449-2930
MLS ID:: 290983

Appliances: Gas Water Heater
Laundry: None
Basement: FullCrawl SpaceMichigan
Flooring: CarpetVinylWood
A/C: None
Heating: Hot WaterRadiant

Parking: DetachedGarageOn StreetStorage

Roofing: FlatShingle
General: Vinyl SidingTwo

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

Zoning: COM AT NE COR INTERSECTION N PENNSYLVANIA AVE & ORCHARD STTH E 9 RN 43 FTW 9 RS 43 FT TO BEG; SEC 15 T4N R2W33-01-01-15-126-061

Water: Public
Sewer: Public Sewer

Source: Greater Lansing Association of REALTORS®

This listing courtesy of Thomas Barrett, Keller Williams Realty Lansing

Monthly Payment

$Est. Payment

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

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Location

Schools Nearby

Pattengill School

815 N Fairview Ave, Lansing, MI, 48912

Grades PK-6

0.81 miles away

Eastern High School

626 Marshall St, Lansing, MI, 48912

Grades 7-12

0.65 miles away

Eastern High School

626 Marshall St, Lansing, MI, 48912

Grades 7-12

0.65 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.