NOT LISTED FOR SALE

Estimated Value: $254,000 - $308,000

3 Beds
1 Bath
2,268 Sq Ft
$126/Sq Ft Est. Value

Sale Details

Date Sold: July 11, 2025

Last sale price $280,000 $123 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,782 / mo

4 Days on Market

Highlights

  • Property is near golf course and public transit
  • Wood Flooring
  • Front Porch
  • Ranch Style House
  • Tennis Courts
  • Attached Garage

About This Home

As of July 2025

**MULTIPLE OFFERS** Highest and Best Deadline is Tuesday, July 1st by 9:00pm. Fantastic investment opportunity in the sought-after Groesbeck area of Lansing! This brick ranch-style duplex features 2 spacious units, both occupied with tenants who pay all utilities. Rents are currently below market, offering strong potential to increase income over time. The price reflects the need for a new roof, but once addressed, this property offers an easy path to reliable passive income. Both units have gleaming hardwood floors and full (separate) basements with their own laundry. Conveniently located near MSU, Frandor, Eastwood and the highway, this property is a smart choice for investors looking to add a solid asset to their portfolio.

Last Agent to Sell the Property

Kara Grossman

Five Star Real Estate - Lansing License #6506046389 Listed on: 06/28/2025

Five Star Real Estate - Lansing

Last Buyer's Agent

Sheri Gallimore

RE/MAX Real Estate Professionals License #6506042810

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 10,890 Sq Ft Lot
  • Lot Dimensions are 100 x 110
  • Private Entrance
  • Few Trees

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 2,268 Sq Ft Home
  • Wood Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Attached Garage
  • Driveway

Outdoor Features

  • Rain Gutters
  • Front Porch

Location

  • Property is near golf course and public transit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Water Heater

Listing and Financial Details

  • Total Actual Rent $28,140

Community Details

Overview

  • 2 Units
  • Grand River Terrace Subdivision

Recreation

  • Tennis Courts
  • Park

Building Details

  • Manager Expense $2,814
  • New Taxes Expense $6,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1963
  • Above Grade Finished Sq Ft: 2268.0
  • Architectural Style: Ranch
  • Architectural Style:Architectural Style: Ranch
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas, Separate Meters
  • Flooring: Hardwood
  • Levels: One

Exterior Features

  • Disclosures: Lead Based Paint, Sellers Disclosures
  • ExteriorFeatures: Private Entrance, Rain Gutters
  • Lot Features: Few Trees, Near Golf Course, Near Public Transit
  • Patio And Porch Features: Front Porch
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Attached, Driveway, Garage
  • Attached Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Water Heater
  • Cooling: Separate Meters, Central Air
  • LaundryFeatures: In Basement, See Remarks
  • Utilities: High Speed Internet Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Park, Street Lights, Tennis Court(s)
  • Professional Management Expense: 2814.0

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size: 100 x 110
  • Lot Size Sq Ft: 10890.0

Rental Info

  • Unit Information:_pound_ Written Leases: 2

Multi Family

  • Unit Information License Register Exp: 2026-08-01
  • Number Of Units Total: 2

Tax Info

  • New Taxes Expense: 6015.0
  • Tax Carrier Route: 4437
  • Tax Info:State Eq Value: 128100.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2025
Closed on
Jul 11, 2025
Sold by
Bought by
Seller's Agent
Kara Grossman
Five Star Real Estate - Lansing
Buyer's Agent
Sheri Gallimore
RE/MAX Real Estate Professionals
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Views
57
Current Estimated Value
$285,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,342
Avg. Annual Appreciation
2.01%

Purchase Details

Closed on
Jan 13, 2021
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$280,000 Transnation Title
-- None Available
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/11/2025 07/11/25 Sold $280,000 +1.8% $123 / Sq Ft
07/02/2025 07/02/25 Pending -- -- --
06/28/2025 06/28/25 For Sale $275,000 -- $121 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,933 $128,100 $31,000 $97,100
2024 $28 $124,400 $24,200 $100,200
2023 $5,771 $130,800 $26,200 $104,600
2022 $5,512 $114,200 $26,600 $87,600
2021 $5,490 $97,600 $21,800 $75,800
2020 $5,078 $91,300 $21,800 $69,500
2019 $4,958 $90,500 $16,400 $74,100
2018 $4,650 $78,600 $13,200 $65,400
2017 $4,553 $78,600 $13,200 $65,400
2016 -- $71,500 $12,600 $58,900
2015 -- $69,000 $25,105 $43,895
2014 -- $66,000 $24,268 $41,732
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 289203

Greater Lansing Association of Realtors®

APN: 21-01-11-332-004

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