$177,500

1612 S Washington Ave Lansing, MI 48910

Moores Park Neighborhood

Estimated payment $1,112/month

Total Views 35,828
-- Bed
2 Baths
1,862 Sq Ft
$95 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • 3-minute walk to Barb Dean Tot Lot

About This Home

TURNKEY INVESTMENT OPPORTUNITY IN LANSING! THIS LICENSED CITY OF LANSING RENTAL QUADPLEX OFFERS STRONG CASH FLOW & CONSISTENT NET RENTAL INCOME. THE PROPERTY FEATURES 4 UNITS INCLUDING 3- EFFICIENCY UNITS & ONE 1-BEDROOM UNIT, ALL WITH LONG-TERM TENANTS PROVIDING STABLE OCCUPANCY. LANDLORD CURRENTLY PAYS UTILITIES & THE PROPERTY STILL PRODUCES TREMENDOUS NET RENTAL INCOME, MAKING THIS AN ATTRACTIVE ADDITION TO ANY INVESTOR'S PORTFOLIO. TENANTS ENJOY THE CONVENIENCE OF ONSITE COIN-OPERATED LAUNDRY, PROVIDING ADDITIONAL INCOME STREAM FOR THE OWNER, AS WELL AS A LARGE PARKING LOT WITH PLENTY OF SPACE FOR BOTH TENANTS & GUESTS. PRIME LOCATION ON CATA BUS LINE & CLOSE TO DOWNTOWN LANSING, REO TOWN, & OLD TOWN WITH EASY ACCESS TO GROCERY & DINING. INVESTOR ALERT! SELLER HAS A 2ND RENTAL OPPORTUNITY TO PURCHASE THE ADJACENT PROPERTY AT 1614 S WASHINGTON, WHICH IS ALSO A QUADPLEX CURRENTLY FOR SALE CREATING THE POTENTIAL TO OWN EIGHT SIDE-BY-SIDE UNITS IN A STRONG RENTAL LOCATION. THIS IS AN EXCELLENT OPPORTUNITY FOR INVESTORS LOOKING TO EXPAND THEIR PORTFOLIO WITH A SOLID INCOME-PRODUCING PROPERTY.

Listing Agent

John Hagerty, Jr.

Five Star Real Estate - Lansing License #6501359884 Listed on: 03/14/2026

Five Star Real Estate - Lansing

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 40x148.5

Home Design

  • Shingle Roof
  • Wood Roof
  • Vinyl Siding

Interior Spaces

  • 2 Bathrooms
  • 1,862 Sq Ft Home
  • 2-Story Property
  • Michigan Basement

Parking

  • 4 Parking Spaces
  • Parking Lot

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units
  • Park Place Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $1,600
  • New Taxes Expense $5,670
  • Net Operating Income $21,988

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 1862.0
  • Special Features: None

Interior Features

  • Basement: Michigan
  • Heating: Forced Air, Natural Gas
  • Levels: Two

Exterior Features

  • Roof: Shingle, Wood
  • Disclosures: Lead Based Paint, Sellers Disclosures
  • Lot Features: City Lot
  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 4.0
  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: Common Area, Other
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size: 40x148.5
  • Lot Size Sq Ft: 6098.4

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1600.0
  • Property Net Operating Income: 21988.0
  • Annual Operating Expense: 5800.0

Tax Info

  • New Taxes Expense: 5670.0
  • Tax Carrier Route: 1544
  • Tax Info:State Eq Value: 73900.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2026 03/14/26 For Sale $177,500 -- $95 / Sq Ft
Source: Greater Lansing Association of Realtors®

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

About the Listing Agent

John Hagerty, Jr.
John Hagerty, Jr.

Five Star Real Estate - Lansing

(517) 698-8507

Section Image

How do you choose - who will help navigate you through the process of selling, or buying the single most financially valuable asset you might ever own? What combination of life experience & personal traits do you want in a Realtor?

I'm a seasoned, local 7-day-a-week, no pressure Realtor who personally buys & sells 75-80 homes a year. Having personally sold over $175 Mil in Real Estate, I've been able to navigate just about every real estate-related scenario one could imagine. You can't

View John's Profile

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Source: Greater Lansing Association of Realtors®

MLS Number: 294468

Greater Lansing Association of Realtors®

APN: 01-01-21-378-121

Michigan Ingham County Lansing 48910 Moores Park

1612 S Washington Ave, Lansing, MI

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.

Greater Lansing Association of Realtors® 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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John Hagerty, Jr.
John Hagerty, Jr.
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(517) 698-8507
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