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Old Town Multifamily Homes & Duplexes for Sale

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  • /25

    $289,990

    • 2,796 Sq Ft

    1219 N Washington Ave, Lansing, MI 48906

    BACK ON MARKET DUE TO BUYER LOSING FINANCING- NO FAULT OF PROPERTIES. GREAT OPPORTUNITY! Calling all Lansing area new or seasoned investors - DOUBLE the Income!! These sought-after multi-units provide Great Immediate Income with an unbeatable location! Prime location within walking distance to Lansing's famous Old Town District. Attract tenants that love shopping, fishing and enjoying the

    Amber Redman Five Star Real Estate - Lansing

    1219 N Washington Ave, Lansing, MI 48906
  • /32

    $140,000

    • 1,550 Sq Ft

    824 Seymour Ave, Lansing, MI 48906

    This well-maintained duplex is ideally located close to LCC and the Capital, offering excellent investment potential. Both units feature 2 bedrooms and 1 bathroom, each providing around 700 sqft of comfortable living space.Unit 1: Currently occupied by a long-term tenant on a month-to-month lease at below market rate, offering steady rental income.Unit 2: A vacant unit, ready for

    Chris Roelofs Coldwell Banker Professionals -Okemos

    824 Seymour Ave, Lansing, MI 48906

Why Live in Old Town

Old Town in Lansing is a vibrant neighborhood known for its cultural significance and historic charm. The area features mural-adorned brick commercial buildings and colorful Victorian homes, creating a lively atmosphere. Old Town is a hub for unique festivals such as ScrapFest, Chalk of the Town, Lansing Pride, JazzFest, BluesFest, and the Dam Jam Music Festival, making it a focal point for things to do in Lansing. The neighborhood has undergone significant revitalization over the past 30 years, reducing crime rates and vacancy rates dramatically. The Old Town Commercial Association has played a key role in this transformation, focusing on building rehabilitation and community events. Dining options are diverse, with notable spots like Meat BBQ, Pablo's Old Town, and The Creole Burger Bar. Shopping includes art galleries, thrift stores, and the popular Preuss Pets. While Old Town offers a lively nightlife, it lacks proximity to large grocery stores and big brand shops, with the nearest options being Capital City Market and Frandor Shopping Center. The Lansing River Trail runs through Old Town, featuring the historic Brenke Fish Ladder and Burchard Park, which is set for renovations in 2024. Housing includes historic Victorians and American Foursquare homes, many of which require renovations. The neighborhood is part of the Lansing Public School District, which has open choice enrollment.

Home Trends in Old Town, MI

Housing Trends

Median Sale Price
$350,000
Median Single Family Sale Price
$617,000
Median 2 Bedroom Sale Price
$89,900
Average Price Per Sq Ft
$264
Number of Homes for Sale
2
Last 12 months Home Sales
19
Months of Supply
1.30
Median List Price
$649,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-88%
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