Morgan Meredith
KELLER WILLIAMS LANSING
(517) 777-8043
312 Total Sales
1 in Reo Town
$67,010 Price
120 E Elm St Lansing, MI 48910
Reo Town NeighborhoodEstimated Value: $184,000 - $232,000
Studio
--
Bath
2,048
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Craftsman Architecture
- Private Yard
- Wood Frame Window
- Wood Flooring
- Covered Patio or Porch
- 3-minute walk to Riverpoint Park
About This Home
As of August 2025INCREDIBLE INVESTMENT OPPORTUNITY in the heart of REO Town! Don't miss your chance to add this fully occupied 4-unit, 2-story home to your portfolio! This charming craftsman era home consists of two 1-bedroom and 2-studio apartments. Covered back porch and fenced back yard shared between lower units. Two attached 10' x 18' storage sheds. This home offers separate gas meters and furnaces for each unit, as well as two electric meters and two water meters. Full tearoff & new roof - 2021. City of Lansing Rental Certificate renewed through 6/1/2026. Located just moments from all the shops and amenities of REO Town and the Lansing River Trail. Quick I-496 access for easy commuting. Minutes from downtown and MSU.
Last Agent to Sell the Property
EXIT Realty Home Partners License #6502412954 Listed on: 05/18/2025
Co-Listed By
HPR Team
EXIT Realty Home Partners
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 2,352 Sq Ft Lot
- Lot Dimensions are 53.5x44
- Wood Fence
- Level Lot
- Private Yard
- Back Yard
Home Design
- Craftsman Architecture
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,048 Sq Ft Home
- 2-Story Property
- Wood Frame Window
- Fire and Smoke Detector
Flooring
- Wood
- Tile
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Parking
- 2 Parking Spaces
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Covered Patio or Porch
- Rain Gutters
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Listing and Financial Details
- Total Actual Rent $23,400
Community Details
Overview
- 4 Units
- Sparrows Subdivision
Building Details
- Water Sewer Expense $4,218
- New Taxes Expense $5,585
- Net Operating Income $14,377
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
May 18, 2025
Closed on
Aug 13, 2025
Sold by
Bought by
Seller's Agent
Jonathan Lum
EXIT Realty Home Partners
Buyer's Agent
Brianna Alexander-Alston
Good Company Realty
List Price
$225,000
Sold Price
$212,000
Premium/Discount to List
-$13,000
-5.78%
Views
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,683
Avg. Annual Appreciation
-1.23%
Original Mortgage
$159,000
Outstanding Balance
$157,596
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$51,721
Purchase Details
Closed on
Aug 26, 2021
Sold by
Bought by
Purchase Details
Listed on
Mar 29, 2021
Closed on
Mar 29, 2021
Sold by
Bought by
Seller's Agent
Jill Powell
1st Choice Real Estate
Buyer's Agent
Bradley Hillard
1st Choice Real Estate
List Price
$119,900
Sold Price
$127,500
Premium/Discount to List
$7,600
6.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$102,000
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 20, 2013
Sold by
Bought by
Purchase Details
Closed on
Oct 21, 2008
Sold by
Bought by
Purchase Details
Closed on
Apr 10, 2008
Sold by
Bought by
Purchase Details
Closed on
Oct 29, 2004
Sold by
Bought by
Purchase Details
Closed on
Dec 23, 1974
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Reo Town, MI
-
Morgan Meredith
-
Jonathan Lum
Jonathan Lum
EXIT Realty Home Partners
(517) 903-3018
219 Total Sales
1 in Reo Town
$212,000 Price
-
Renee Dwyer
Renee Dwyer
Keller Williams Realty Lansing
(517) 903-3108
158 Total Sales
1 in Reo Town
$141,500 Price
-
Sherree Zea
Sherree Zea
Coldwell Banker Professionals-Delta
(517) 777-9148
175 Total Sales
1 in Reo Town
$144,900 Price
-
Mike Kuzawa
Mike Kuzawa
Five Star Real Estate (Main)
(616) 228-0893
97 Total Sales
5 in Reo Town
$53K - $80K Price Range
-
Brian Ozbun
Brian Ozbun
Bellabay Realty, LLC
(810) 644-1946
208 Total Sales
3 in Reo Town
$40K - $145K Price Range
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 |
|---|---|---|---|
| $212,000 | Red Cedar Title Agency | ||
| -- | None Available | ||
| $127,500 | Ata National Title Group Llc | ||
| $75,900 | None Available | ||
| -- | None Available | ||
| -- | None Available | ||
| $29,450 | Tri Title | ||
| -- | Tri Title | ||
| $29,500 | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $159,000 | ||
| Previous Owner | $102,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/13/2025 08/13/25 | Sold | $212,000 | -5.8% | $104 / Sq Ft | |
| 07/08/2025 07/08/25 | Pending | -- | -- | -- | |
| 05/18/2025 05/18/25 | For Sale | $225,000 | +76.5% | $110 / Sq Ft | |
| 03/31/2021 03/31/21 | Sold | $127,500 | +6.3% | $62 / Sq Ft | View Prior Sale |
| 03/29/2021 03/29/21 | Pending | -- | -- | -- | |
| 03/29/2021 03/29/21 | Price Changed | $119,900 | 0.0% | $59 / Sq Ft | |
| 02/14/2021 02/14/21 | Pending | -- | -- | -- | |
| 02/06/2021 02/06/21 | For Sale | $119,900 | -- | $59 / 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 |
|---|---|---|---|---|
| 2026 | $5,745 | $63,300 | $3,900 | $59,400 |
| 2025 | $4,531 | $66,800 | $3,100 | $63,700 |
| 2024 | $44 | $70,900 | $3,100 | $67,800 |
| 2023 | $5,266 | $59,900 | $3,100 | $56,800 |
| 2022 | $4,912 | $58,200 | $2,300 | $55,900 |
| 2021 | $2,485 | $31,500 | $2,800 | $28,700 |
| 2020 | $2,464 | $28,700 | $2,800 | $25,900 |
| 2019 | $2,362 | $26,900 | $2,800 | $24,100 |
| 2018 | $2,256 | $25,500 | $2,800 | $22,700 |
| 2017 | $2,164 | $25,500 | $2,800 | $22,700 |
| 2016 | $2,097 | $25,000 | $2,800 | $22,200 |
| 2015 | $2,097 | $24,000 | $5,678 | $18,322 |
| 2014 | $2,097 | $23,900 | $5,678 | $18,222 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Lum
Seller's Agent in 2025
Jonathan Lum
EXIT Realty Home Partners
(517) 798-6264
1 in this area
219 Total Sales
-
H
Seller Co-Listing Agent in 2025
HPR Team
EXIT Realty Home Partners
-
Brianna Alexander-Alston
B
Buyer's Agent in 2025
Brianna Alexander-Alston
Good Company Realty
(517) 706-9294
1 in this area
47 Total Sales
-
J
Seller's Agent in 2021
Jill Powell
1st Choice Real Estate
-
Bradley Hillard
B
Seller Co-Listing Agent in 2021
Bradley Hillard
1st Choice Real Estate
(517) 410-6750
32 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 287946
APN: 01-01-21-257-175
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.
IDX information is provided exclusively for Consumers'
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 © 2026 Greater Lansing Association of REALTORS®
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