NOT LISTED FOR SALE

215 S Pennsylvania Ave Lansing, MI 48912

Estimated Value: $109,000 - $207,000

-- Bed
3 Baths
3,099 Sq Ft
$50/Sq Ft Est. Value

Last Sold September 14, 2023

Last sale price $160,000 $52 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $940/month

16 Days on Market

About This Home

As of September 2023

This five unit income property has amazing cash potential! This property features five units and a rentable barn, along with ample parking and separate utility meters. Its prime location near downtown Lansing offers convenience and strong rental demand. Don't miss this opportunity to own a cash cow in Lansing's thriving real estate market. Contact us today!

Last Agent to Sell the Property

Rooted Real Esta Of Greater Lansing

RE/MAX Real Estate Professionals Listed on: 06/08/2023

RE/MAX Real Estate Professionals

Co-Listed By

Adriane Lau

RE/MAX Real Estate Professionals License #6502356510

Last Buyer's Agent

Albert Manas

RE/MAX Real Estate Professionals License #6501308413

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 0.25

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 3,099 Sq Ft Home
  • 2-Story Property

Basement

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

Parking

  • 8 Parking Spaces
  • Driveway
  • Off-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System

Additional Features

  • 0.25 Acre Lot
  • City Lot

Community Details

  • 5 Units
  • Green Oak Subdivision

Listing and Financial Details

  • Total Actual Rent $2,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Gross Rent: 2900.0
  • Tax Year: 2022
  • Levels: Two
  • Year Built: 1905
  • Lot Size Acres: 0.25
  • Lot Size: Irr
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: Green Oak
  • Above Grade Finished Sq Ft: 3099.0
  • Architectural Style: Traditional
  • General Property Info:Lot Size Dimensions: Irr
  • General Property Info:Above Grade Finished Area: 3099.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Exterior:Vinyl Siding: Yes
  • Architectural Style:Traditional: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 5398.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: 215 S Pennsylvania
  • General Property Info:_pound_ of Units: 5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Lot Features: City Lot
  • Construction Type: Vinyl Siding
  • Lot Features:City Lot: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • Parking Features: Driveway, Off Street
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes
  • General Property Info:Parking Total: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2023
Sold by
Vanderbos Logan
Bought by
Vanderbos Logan and Myers Austin
Current Estimated Value
$146,727

Purchase Details

Listed on
Jun 8, 2023
Closed on
Sep 14, 2023
Sold by
Hopper Michael A and Garyet Christopher
Bought by
Vanderbos Logan
Seller's Agent
Rooted Real Esta Of Greater Lansing
RE/MAX Real Estate Professionals
Buyer's Agent
Albert Manas
RE/MAX Real Estate Professionals
List Price
$159,900
Sold Price
$160,000
Premium/Discount to List
$100
0.06%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.71%
Original Mortgage
$63,750
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2006
Sold by
Hopper Michael A and Hopper Heidi
Bought by
Hopper Michael A and Garyet Christopher N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,001
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2003
Sold by
Obriant Ina R
Bought by
Hopper Michael A and Hopper Heidi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,108
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 19, 2003
Sold by
Sinadinos Charlotte
Bought by
Obriant Ina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,108
Interest Rate
6%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Vanderbos Logan -- None Listed On Document
Vanderbos Logan $85,000 Diversified National Title
Hopper Michael A -- Tnt
Hopper Michael A $26,000 Trans
Obriant Ina R -- Trans
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanderbos Logan $63,750
Previous Owner Hopper Michael A $63,000
Previous Owner Hopper Michael A $60,001
Previous Owner Hopper Michael A $25,108
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $160,000 +0.1% $52 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $159,900 -- $52 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

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 $5,323 $70,700 $3,900 $66,800
2024 $43 $61,200 $3,900 $57,300
2023 $2,844 $49,500 $3,900 $45,600
2022 $3,250 $43,400 $3,200 $40,200
2021 $2,553 $38,400 $4,300 $34,100
2020 $2,533 $34,800 $4,300 $30,500
2019 $2,434 $33,300 $4,300 $29,000
2018 $2,320 $27,300 $4,300 $23,000
2017 $2,227 $27,300 $4,300 $23,000
2016 $2,176 $26,800 $4,300 $22,500
2015 $2,176 $26,200 $8,556 $17,644
2014 $2,176 $26,300 $8,984 $17,316
Source: Public Records

Agents Affiliated with this Home

  • Adriane Lau

    Seller Co-Listing Agent in 2023

    Adriane Lau

    RE/MAX Michigan

    (517) 881-5182

    328 Total Sales

    Adriane Lau
    Section Image
  • Albert Manas

    Buyer's Agent in 2023

    Albert Manas

    RE/MAX Michigan

    (517) 410-8627

    95 Total Sales

    Albert Manas
    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 273647

Greater Lansing Association of Realtors®

APN: 01-01-15-329-041

Michigan Ingham County Lansing 48912

215 S Pennsylvania Ave, Lansing, MI

This home is located at 215 S Pennsylvania Ave, Lansing, MI 48912 since 08 June 2023 and is currently estimated at $154,650, approximately $49 per square foot. This property was built in 1905. 215 S Pennsylvania Ave is a home located in Ingham County with nearby schools including Pattengill Academy, Riddle Elementary School, and Eastern Lansing High School.

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 © 2025 Greater Lansing Association of REALTORS®

Nearby Homes