$207,500
$12K PRICE DROP

309 & 311 S Holmes St Lansing, MI 48912

Hunter Park Neighborhood

Estimated payment $1,478/month

Total Views 402
-- Bed
-- Bath
1,662 Sq Ft
$125 Price per Sq Ft

Highlights

  • Front Porch
  • Back and Front Yard
  • 4-minute walk to Hunter Park
  • Forced Air Heating System

About This Home

This charming 2-unit duplex offers a fantastic opportunity for both investors and homeowners. Each unit features 2 spacious bedrooms, providing ample living space for tenants or family members. The property includes a full basement, perfect for storage or potential additional living space. Both units are currently on a month-to-month lease, offering flexibility for future plans. Located close to Sparrow Hospital and within a bike ride to MSU.

Unit 309 Rents for $1,000 per month and Unit 311 Rents for $925 per month.

Note: Seller is a licensed Real Estate Agent

Listing Agent

David Barone

RE/MAX Real Estate Professionals License #6506039233 Listed on: 09/05/2025

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 1951

Lot Details

  • Lot Dimensions are 49.50x120
  • Back and Front Yard

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,662 Sq Ft Home
  • 2-Story Property

Basement

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

Parking

  • 4 Parking Spaces
  • Driveway

Outdoor Features

  • Front Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 100 Amp Service
  • Gas Water Heater
  • No Internet Available
  • Cable TV Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • New Taxes Expense $4,275
  • Net Operating Income $18,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,275

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Gross Rent: 23100.0
  • Net Income: 18025.0
  • Misc Business Info Construction Type: Frame
  • Misc Business Info Parking Surface: Stone
  • Misc Business Info Roof Type: Ashfault
  • Tax Year: 2024
  • Misc Business Info Overall Building Siz: 1662
  • Unit Information License Register Exp: 2027-12-01
  • Levels: Two
  • Year Built: 1951
  • Lot Size: 49.50x120
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1662.0
  • General Property Info:Lot Size Dimensions: 49.50x120
  • General Property Info:Above Grade Finished Area: 1662.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Roof:Shingle: Yes
  • Exterior:Shingle Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 4275.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: 2 story duplex
  • General Property Info:_pound_ of Units: 2
  • Annual Inc Expense:Insurance4: 800.0
  • Annual Inc Expense:Tax Expense2: 4275.0
  • Utilities:High Speed Internet Not Available: Yes
  • Misc Business Info Zoning5: Multi-Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Central, Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Disclosures: Lead Based Paint, Sellers Disclosures
  • Foundation Details: Block
  • Lot Features: Back Yard, Front Yard
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Front Porch
  • Construction Type: Shingle Siding
  • Lot Features:Back Yard2: Yes
  • Lot Features:Front Yard2: Yes
  • Patio Porch Features:Front Porch: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • Electric: 100 Amp Service
  • LaundryFeatures: In Basement
  • Utilities: High Speed Internet Not Available, Cable Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes
  • Heating:Central: Yes

Schools

  • Junior High Dist: Lansing

Lot Info

  • Zoning Description: Zoning

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 800.0
  • Property Net Operating Income: 18025.0

Tax Info

  • New Taxes Expense: 4275.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $4,274 $74,100 $5,000 $69,100
2024 $35 $66,200 $5,000 $61,200
2023 $4,025 $59,800 $5,000 $54,800
2022 $3,679 $51,300 $4,000 $47,300
2021 $3,594 $47,000 $6,200 $40,800
2020 $3,568 $43,100 $6,200 $36,900
2019 $2,906 $40,500 $6,200 $34,300
2018 $2,760 $37,400 $6,200 $31,200
2017 $2,654 $37,400 $6,200 $31,200
2016 $2,549 $35,800 $6,200 $29,600
2015 $2,549 $33,500 $12,375 $21,125
2014 $2,549 $32,800 $9,900 $22,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $207,500 0.0% $125 / Sq Ft
07/25/2025 07/25/25 Off Market $207,500 -- --
05/05/2025 05/05/25 Price Changed $207,500 -5.6% $125 / Sq Ft
03/13/2025 03/13/25 For Sale $219,900 -- $132 / Sq Ft
Source: Greater Lansing Association of Realtors®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $83,160 Tri Title Agency Llc
Warranty Deed $102,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $62,370 New Conventional
Previous Owner $82,100 New Conventional
Previous Owner $88,800 Unknown
Previous Owner $91,800 Purchase Money Mortgage
Previous Owner $40,000 Unknown
Source: Public Records

Source: Greater Lansing Association of Realtors®

MLS Number: 286684

Greater Lansing Association of Realtors®

APN: 01-01-15-407-021

Michigan Ingham County Lansing 48912 Hunter Park

309 & 311 S Holmes St, Lansing, MI

This home is located at 309 & 311 S Holmes St, Lansing, MI 48912 and is currently priced at $207,500, approximately $124 per square foot. This property was built in 1951. 309 & 311 S Holmes St 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®

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David Barone
Listing Agent
David Barone
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RE/MAX Real Estate Professionals
(517) 317-6302