429 N Pine StreetLansing, MI 48933
Original of Lansing · Ingham County
Description
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 contract 8/19/24-7/31/27 Apt #2 $925 per month. Lease contract 10/1/26-9/30/27.
Property Information
- Property type
- Residential Income
- Sub-type
- Duplex
- Year built
- 1906
- Living area
- 1,528 Sq Ft
- Lot size
- 0.29 acres
- Lot dimensions
- 38x165
- Parking spaces
- 4
- Days on market
- 35
- MLS® Listing#
- 298663
Property Features
- Cooling
- None
- Heating
- Forced Air · Natural Gas
- Parking
- Parking Pad
- Laundry
- In Basement · None
- Construction
- Wood Siding
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Assessed value
- $70,863
- Parcel number
- 33-01-01-16-110-151
Directions
From 496, North on N. Pine St, approximately 1 mile, location in on the West side of the street.
Listing Courtesy: Achieve Real Estate LLC - 5172580589
Presented by: David Hall
Lansing Market Statistics
How this home compares to 633 active listings in Lansing, MI
| Lansing median | This listing | |
|---|---|---|
| Median days on market | 51 | 35 |
| Median Sq Ft | 1,336 | 1,528 |
| Median price / Sq Ft | $125 | $98 |
Market statistics compiled from active EXIT Realty® and MLS listings in Lansing, MI.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 514 N Walnut Street, Lansing, MI | $149,900 | — | 2 | 1,826 |
| 617 N Walnut Street, Lansing, MI | $150,000 | — | 2 | 2,106 |
| 425/425.5 N Butler Boulevard, Lansing, MI | $170,000 | — | 1 | 1,407 |
| 1219 N Washington, Lansing, MI | $144,900 | — | 3 | 1,236 |
