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Explore Similar Apartments Within 2 Miles of Old Town, MI

  • /36

    $300,000

    • 1,672 Sq Ft

    412 S Hayford Ave, Lansing, MI 48912

    Whether you are homeowner or investor or you may want to escape 9-5 job with little money: we host all!Investor: itâ€TMs currently in short term rental with current cap rate around 11 (3units renting out, 5yrs data consistently) with all four units rent out cap rate can go up to 14 (or higher to 17, a data point, if you would work for yourself, you may get 100% cash to cash returns, so you

    Agent Photo

    Morgan Meredith

    Keller Williams Realty Lansing

    (517) 924-9442

    412 S Hayford Ave, Lansing, MI 48912
  • /48

    $165,000

    • 2,932 Sq Ft

    602 N Pennsylvania Ave, Lansing, MI 48912

    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

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    Thomas Barrett

    Keller Williams Realty Lansing

    (517) 399-2398

    602 N Pennsylvania Ave, Lansing, MI 48912
  • /13

    $79,900

    • 1,200 Sq Ft

    1024 Eureka St, Lansing, MI 48912

    This duplex is centrally located within walking distance to Sparrow hospital, the State Capitol and downtown Lansing. The downstairs features an updated kitchen and bathroom and is a turn-key rental. The upstairs is a value-add opportunity for anyone skilled or with the resources to make some improvements. Utilities are not split. Home could be easily converted back into a single-family dwelling

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    Josh Nelson

    White Pine Sotheby's International Realty

    (517) 923-3299

    1024 Eureka St, Lansing, MI 48912
  • /17

    $89,000

    • 1 Bath
    • 1,500 Sq Ft

    147 Isbell St, Lansing, MI 48910

    Great investment opportunity in Lansing! This well-maintained duplex offers excellent income potential, bringing in up to $1,500 per month when fully rented. The upper unit is currently occupied at $750 per month, with tenants paying all utilities. The lower unit is vacant and recently remodeled, featuring new countertops, flooring, and fresh paint, perfect for an owner-occupant or new tenant.

    Agent Photo

    Morgan Meredith

    Keller Williams Realty Lansing

    (517) 300-3294

    147 Isbell St, Lansing, MI 48910
  • /31

    $245,000

    • 1,888 Sq Ft

    904 Linden Grove Ave, Lansing, MI 48912

    This is no longer part of a package deal!! Welcome to 904 Linden Grove in Lansing, a fully remodeled property that has been upgraded inside and out within the last 5 years. This well-maintained building features beautiful hardwood floors throughout and offers three rental units, making it a fantastic investment opportunity. The property includes a spacious 2-bedroom unit renting for $1025 per

    Agent Photo

    Morgan Meredith

    Keller Williams Realty Lansing

    (517) 836-1393

    904 Linden Grove Ave, Lansing, MI 48912
  • /18

    $125,000

    • 1,407 Sq Ft

    425/425.5 N Butler Blvd, Lansing, MI 48915

    Back on the market as buyer's financing fell through. Solid investment property with long rental history. This two-story duplex has 1,407 square feet, including a 1-bed/1-bath lower-level unit and a 2-bed/1-bath upper-level unit with a bonus room on the 3rd floor, 2 sets of W/D's. Shared driveway and a large rear parking lot. This could be an owner-occupied investment property or continue as a

    Gary Naeyaert EXIT Realty Home Partners

    425/425.5 N Butler Blvd, Lansing, MI 48915
  • /30

    $109,000

    831 Vine St, Lansing, MI 48912

    Whether you're starting your rental business or expanding your existing portfolio, this property is an ideal opportunity. Great cash flow! $1550/month rent. This newly vinyl sided 2 and 1 duplex is rented into 2026 so start making money the day you close. Located in a high-demand area near Sparrow Hospital, LCC, Cooley Law and the Michigan ave corridor, the demand for this location is not slowing

    Jacob Horman EXP Realty LLC

    831 Vine St, Lansing, MI 48912
  • /76

    $255,000

    • 2 Baths
    • 1 Sq Ft

    513 W Hillsdale St, Lansing, MI 48933

    2 houses, 3 units and 1 Vacant Lot. Investor's Dream Opportunity-Discover an incredible investment package featuring two homes and an additional vacant lot, offering excellent income potential and future development possibilities. 513 W Hillsdale features two separate units 2-bedroom, 1-bath units, each with its own entrance—perfect for rental income or multi-generational living. 515 W

    Shasta DeLong DeLong and Co.

    513 W Hillsdale St, Lansing, MI 48933
  • /16

    $110,900

    • 1,762 Sq Ft

    611 N Pine St, Lansing, MI 48933

    Two-Unit Multi-Family Home in Lansing - Excellent investment or owner-occupant opportunity! This well-maintained property features two spacious units, each with its own private entrance and separate utilities. The lower unit offers 2 bedrooms and 1 bathroom, while the upper unit provides 3 bedrooms and 1 bathroom. Both units include updated appliances and comfortable living spaces. Each unit is

    Arlone Hudson Five Star Real Estate - Lansing

    611 N Pine St, Lansing, MI 48933
  • /2

    $90,000

    • 1,038 Sq Ft

    207 S Hosmer St, Lansing, MI 48912

    Investors Welcome! Great 2 unit - 2 bed/1.5 bath & 1 bed/1 bath. Currently rented. 48 hour notice required for all showings.

    Brian Ozbun Bellabay Realty, LLC

    207 S Hosmer St, Lansing, MI 48912
  • /15

    $149,900

    • 4 Beds
    • 2 Baths
    • 3,136 Sq Ft

    115 Haze St, Lansing, MI 48917

    Great addition to your portfolio, or those just getting started! 2 spacious units move in ready. Lower unit currently leased month to month. Basement unit with egress window awaiting finishing touches to easily make this a TRIPLE income property. Detached 2 car garage. Newer furnace, newer roof. Waverly Community Schools. This is a MUST have! Schedule your tour today!

    Katelyn Haskins Golden Key Realty Group LLC

    115 Haze St, Lansing, MI 48917
  • /20

    $225,000

    • 2,960 Sq Ft

    837 E Shiawassee St, Lansing, MI 48912

    Welcome to 837 E Shiawassee St - an updated, income-generating 3-unit property with a large three car detached garage, in a prime Lansing location. Each unit offers two bedrooms and one full bathroom, with tenants responsible for all utilities, maximizing your net operating income. Conveniently situated near the University of Michigan Health-Sparrow Hospital, Neogen, and the Stadium District, the

    Benjamin Parker Apex Appraisal Company LLC

    837 E Shiawassee St, Lansing, MI 48912
  • /19

    $1,050,000

    • 23 Beds
    • 12 Baths
    • 7,760 Sq Ft

    4221 N Grand River Ave, Lansing, MI 48906

    Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing’s northwest Grand River corridor. Built in 1965 and renovated in 2023, the property totals 7,760 SF across one two-story building with a garden-level layout. The unit mix consists of eleven 2-bed/1-bath apartments and one 1-bed/1-bath unit, averaging 783 SF. Current occupancy is 100%, generating over

    Michael McClafferty OakPointe Real Estate Advisors

    4221 N Grand River Ave, Lansing, MI 48906
  • /2

    $99,000

    • 1,464 Sq Ft

    209 S Hosmer St, Lansing, MI 48912

    Investors Welcome! Great 3 unit property. Currently rented. 48 hour notice required for all showings.

    Brian Ozbun Bellabay Realty, LLC

    209 S Hosmer St, Lansing, MI 48912
  • /14

    $89,900

    • 1,656 Sq Ft

    917 E Kalamazoo St, Lansing, MI 48912

    Brian Ozbun Bellabay Realty, LLC

    917 E Kalamazoo St, Lansing, MI 48912
  • /13

    $264,900

    • 1,760 Sq Ft

    833 Vine St, Lansing, MI 48912

    4-Unit Property income property. Each unit has one bedroom and one bath. Great location near University of Michigan Sparrow, Neogen and the Stadium District! Property interior has been updated. Landlord pays water, sewer and heat. Tenant pays electric. Property can be purchased together with 819 Vine St (5-unit - $359,900).

    Benjamin Parker Apex Appraisal Company LLC

    833 Vine St, Lansing, MI 48912
  • /33

    $139,900

    • 1,504 Sq Ft

    207 Allen St, Lansing, MI 48912

    Looking for a well-designed duplex with solid cash flow in Lansing's Eastside Neighborhood? This one deserves a closer look. This two-unit property brings in $1,650 per month in total rents, with the downstairs unit leased through July, providing immediate income. The lower unit features two bedrooms and one full bath, showcasing beautiful original trim, generously sized bedrooms, and classic

    Rooted Real Esta Of Greater Lansing RE/MAX Real Estate Professionals

    207 Allen St, Lansing, MI 48912
  • /22

    $195,000

    • 2,440 Sq Ft

    312 N Butler Blvd, Lansing, MI 48915

    This is a great income-producing property with three units, each responsible for their own utilities. It boasts an excellent location, just two blocks from the Michigan State Complex and close to Lansing Community College. The property is also ideal for owner occupancy, featuring both a three-bedroom and a two-bedroom unit. It currently holds a valid license with the City of Lansing.

    Wanda Bloomquist Berkshire Hathaway HomeServices

    312 N Butler Blvd, Lansing, MI 48915
  • /5

    $85,000

    509 N Walnut St Unit 1, Lansing, MI 48933

    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

    Ricardo Cottengim Cody & Co.

    509 N Walnut St Unit 1, Lansing, MI 48933
  • /20

    $69,900

    • 1,473 Sq Ft

    607 Shepard St Unit 2, Lansing, MI 48912

    BUYERS AGENTS ARE TO USE OTHER COSTS FIELD ON OFFER SYSTEM TO NOTE THEIR REQUESTED All offers must be submitted by the Buyer's agent via the RES.NET Agent Portal. If your offer is accepted, you agree to be responsible for an offer submission technology fee of $225.00. The fee will be collected and disbursed by the settlement agent and disbursed at the closing and settlement of the transaction. To

    Ruben Sauceda Great America Brokers LLC

    607 Shepard St Unit 2, Lansing, MI 48912
  • /19

    $122,500

    • 1,111 Sq Ft

    139 Woodlawn Ave, Lansing, MI 48910

    Tenant occupied. Roof replaced in 2022, Furnace & Water Heater in 2015. Multi Unit home with main floor being a unit and 2nd floor being the 2nd unit. 2nd floor unit being rented month to month. Main floor unit has a lease that expires in March, 2026. Located on a quiet street that has a dead end. Both units are equipped with oven/range and refrigerator. No washer and dryer located on property.

    Sonya Pentecost Berkshire Hathaway HomeServices

    139 Woodlawn Ave, Lansing, MI 48910
  • /22

    $149,000

    • 1 Bath
    • 1,342 Sq Ft

    1120 Alsdorf St, Lansing, MI 48910

    Excellent opportunity for investors or owner-occupants! This versatile 2-unit property features one vacant unit ready for immediate occupancy and another currently occupied, providing instant rental income. Each unit offers comfortable living space with great natural light and functional layouts. Ideal for those looking to live in one unit and rent the other or add a solid income-producing

    Tim Sabrosky RE/MAX Real Estate Professionals

    1120 Alsdorf St, Lansing, MI 48910
  • /46

    $189,900

    • 2,833 Sq Ft

    1722 S Washington Ave, Lansing, MI 48910

    Welcome to 1722 S Washington, Lansing MI. This money making licensed four unit has long term renters. There are separate gas and electric meters. Basement can be accessed by all 4 units if you choose to add coin laundry. Convenient location, close to Reo town, downtown and highways. Nice new front porch and balcony. Parking out back. Seller is a licensed realtor in the state of Michigan.

    Angela Averill Century 21 Affiliated

    1722 S Washington Ave, Lansing, MI 48910
  • /40

    $207,500

    • 1,662 Sq Ft

    309 & 311 S Holmes St, Lansing, MI 48912

    This charming 2-unit duplex offers a fantastic opportunity for both investors and homeowners. Each unit features 2 spacious bedrooms, providing ample living space for tenants or family members. The property includes a full basement, perfect for storage or potential additional living space. Both units are currently on a month-to-month lease, offering flexibility for future plans. Located close to

    David Barone RE/MAX Real Estate Professionals

    309 & 311 S Holmes St, Lansing, MI 48912
  • /53

    $159,900

    • 1,422 Sq Ft

    1010 W Barnes Ave, Lansing, MI 48910

    Solid Investment Opportunity! This fully occupied 3-unit property (seller occupies one unit) offers immediate income and proven tenant stability. Each unit features private entrances, functional layouts, and steady rental history with minimal turnover. Garage and driveway parking add to tenant appeal, while recent seller updates (eg: roof, plumbing, etc. - see list) provide peace of mind.

    Elizabeth(Betsy) Acker EXIT Realty Home Partners

    1010 W Barnes Ave, Lansing, MI 48910

Why Live in Old Town

Old Town in Lansing is a vibrant neighborhood filled with cultural energy and historic charm, noted for its mural-adorned brick buildings and colorful Victorian homes. Housing here includes fixer-uppers—some for as little as $50,000—and move-in-ready Victorians or American Foursquares ranging from $150,000 to $250,000. Many properties have been revitalized in recent decades, with a major push from the Old Town Commercial Association to reduce crime and vacancy rates while encouraging community events and building rehab. Old Town is central to Lansing’s arts and festival scene, featuring events such as ScrapFest, Lansing Pride, Chalk of the Town, JazzFest, BluesFest, and the Dam Jam Music Festival. Shopping runs toward the creative, with art galleries, thrift stores, and the popular Preuss Pets. Dining is diverse, with standouts like Meat BBQ, Pablo’s Old Town, and The Creole Burger Bar. While nightlife is lively, the closest large grocery stores are Capital City Market and Frandor Shopping Center. The Lansing River Trail winds through Old Town and highlights include the historic Brenke Fish Ladder and Burchard Park.

Home Trends in Old Town, MI

Housing Trends

Median Sale Price
$100,000
Median Single Family Sale Price
$110,000
Average Price Per Sq Ft
$82
Number of Homes for Sale
1
Last 12 months Home Sales
10
Months of Supply
1.20
Median List Price
$120,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
0%
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