118 Lansing St Eaton Rapids, MI 48827
Estimated payment $1,047/month
Total Views
5,659
--
Bed
--
Bath
1,663
Sq Ft
$90
Price per Sq Ft
Highlights
- Hot Property
- Enclosed Glass Porch
- Forced Air Heating System
- Traditional Architecture
- Laundry Room
- Rectangular Lot
About This Home
Welcome to 118 Lansing Street, a rare duplex investment offering excellent cash flow and smart updates. Each unit provides 2 bedrooms, 1 bath, and laundry hookups, with separate meters in place. Tenants cover all utilities, lawn care, and snow removal, keeping owner expenses low. The main level unit has updated flooring, is currently vacant, and is available for go-and-show showings. The upper unit is tenant-occupied, providing reliable rental income and will be shown on second showings for serious buyers. With a new roof already in place, major expenses are taken care of. Whether you're an investor looking for a 10%+ cap rate or a buyer planning to live in one unit while renting the other, 118 Lansing Street is a property you won't want to miss.
Listing Agent
Keller Williams Realty Lansing License #6501387487 Listed on: 09/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,050
Year Built
- Built in 1880
Lot Details
- 7,623 Sq Ft Lot
- Lot Dimensions are 66x155
- Chain Link Fence
- Rectangular Lot
- Few Trees
- Back Yard Fenced and Front Yard
Home Design
- Traditional Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,663 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Laundry Room
Flooring
- Carpet
- Vinyl
Parking
- 6 Parking Spaces
- Driveway
Outdoor Features
- Enclosed Glass Porch
- Rain Gutters
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Private Sewer
Community Details
Overview
- 2 Units
- Leisenring Subdivision
Building Details
- Insurance Expense $1,250
- Maintenance Expense $750
- New Taxes Expense $1,525
- Net Operating Income $8,295
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $3,050 | $72,300 | $0 | $0 |
| 2024 | $1,956 | $67,700 | $0 | $0 |
| 2023 | $1,496 | $60,300 | $0 | $0 |
| 2022 | $2,034 | $53,300 | $0 | $0 |
| 2021 | $1,962 | $48,700 | $0 | $0 |
| 2020 | $1,943 | $47,700 | $0 | $0 |
| 2019 | $3,201 | $44,008 | $0 | $0 |
| 2018 | $2,103 | $49,036 | $0 | $0 |
| 2017 | $2,622 | $47,150 | $0 | $0 |
| 2016 | -- | $44,700 | $0 | $0 |
| 2015 | -- | $43,400 | $0 | $0 |
| 2014 | -- | $42,550 | $0 | $0 |
| 2013 | -- | $42,300 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | For Sale | $150,000 | +76.5% | $90 / Sq Ft |
| 11/10/2017 11/10/17 | Sold | $85,000 | +9.0% | $53 / Sq Ft |
| 09/26/2017 09/26/17 | Pending | -- | -- | -- |
| 09/14/2017 09/14/17 | For Sale | $78,000 | -- | $49 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $85,000 | Liberty Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $83,460 | FHA |
Source: Public Records
About the Listing Agent
Stacee Robison – Your Trusted Real Estate Partner
Selling your home is a big decision, and my team and I are here to make the process as smooth, enjoyable, and seamless as possible. Whether you're moving due to personal reasons, financial goals, or a major life change, we understand how important this transition is for you.
With a strong commitment to 5-star customer service, my deep understanding of market trends, and top-tier negotiation skills, I’ve earned a place in the top 3%
Stacee's Other Listings
Source: Greater Lansing Association of Realtors®
MLS Number: 291131
APN: 300-062-603-080-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®
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