$1,050,000
$50K PRICE DROP

4221 N Grand River Ave Lansing, MI 48906

Northwestside Neighborhood

Estimated payment $7,360/month

Total Views 2,500
23 Beds
12 Baths
7,760 Sq Ft
$135 Price per Sq Ft

About This Home

Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing’s northwest Grand River corridor. Built in 1965 and renovated in 2023, the property totals 7,760 SF across one two-story building with a garden-level layout. The unit mix consists of eleven 2-bed/1-bath apartments and one 1-bed/1-bath unit, averaging 783 SF. Current occupancy is 100%, generating over $13,000 in monthly rent with additional upside through continued rent growth and operational efficiencies. Priced at $1,100,000 ($91,667/unit), Skyline offers investors a multifamily investment opportunity, supported by Lansing’s strong employment base anchored by Michigan State University, Sparrow Health, and General Motors.

Listing Agent

Michael McClafferty

OakPointe Real Estate Advisors License #6501421721 Listed on: 11/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1965

Lot Details

  • 0.29 Acre Lot

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 12 Full Bathrooms
  • 7,760 Sq Ft Home
  • 3-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 010106252241

Community Details

Overview

  • 12 Units
  • Northwesternno 3 Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,241

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 3 Story
  • Year Built: 1965
  • State Equalized Value: 283000.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Basement: Yes
  • Basement Type: Partially Finished, Common
  • Total Sq Ft: 7760

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard
  • Sewer: Sewer (Sewer-Sanitary)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 57554.00

Lot Info

  • Lot Size Area: 0.29
  • Lot Dimensions: Irregular
  • Parcel Number: 010106252241
  • Zoning: Commercial

Rental Info

  • Rent Includes: Heat, Water/Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 13814

Tax Info

  • Tax Amount Summer: 19250.0000
  • Tax Amount Winter: 2991.4400
  • Total Tax: 22241.4400
  • Taxable Value: 275483.0000

Multi Family

  • Gross Scheduled Income: 165772.00
  • Number Of Units Total: 12

MLS Schools

  • School District: Lansing

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

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2025 11/17/25 Price Changed $1,050,000 -4.5% $135 / Sq Ft
11/07/2025 11/07/25 For Sale $1,100,000 -- $142 / Sq Ft
Source: Realcomp

Source: Realcomp

MLS Number: 20251052605

Realcomp
Michigan Ingham County Lansing 48906 Northwestside

4221 N Grand River Ave, Lansing, MI

For Sale

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Michael McClafferty
Listing Agent
Michael McClafferty
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OakPointe Real Estate Advisors
(517) 514-5066