$395,000

509 Cornell Ave East Lansing, MI 48823

Estimated payment $2,625/month

7 Beds
2 Baths
1,920 Sq Ft
$206 Price per Sq Ft

Highlights

  • Forced Air Heating System
  • Washer and Dryer
  • 3-minute walk to Stoddard Park
  • Marble Elementary School Rated A-
  • Wood Siding

About This Home

509 Cornell Ave - Turnkey Investment in Prime East Lansing LocationLocated just minutes from Michigan State University, 509 Cornell is a proven investment property in one of East Lansing's most desirable rental markets. This spacious seven-bedroom home is currently licensed for up to 5 unrelated occupants, offering strong rental potential while complying with city regulations.With a solid history of reliable rental income and a lease secured through July 31, 2027, this property is an ideal addition to any investment portfolio. The unbeatable location ensures continued demand, making it perfect for student housing or group rentals. Don't miss this chance to own a high-performing asset in a high-demand area.

Listing Agent

Megan Doyle - Busque

RE/MAX Real Estate Professionals License #6506045008 Listed on: 10/01/2025

RE/MAX Real Estate Professionals

Co-Listing Agent

Hillary Henderson

RE/MAX Real Estate Professionals License #6501353524

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,375

Year Built

  • Built in 1973

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x135

Parking

  • Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Finished Basement
  • Laundry in Basement
  • Dishwasher
  • Washer and Dryer

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Avondale Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,375

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Tax Year: 2025
  • Levels: Bi-Level
  • Year Built: 1973
  • Lot Size Acres: 0.12
  • Lot Size: 40X135
  • Co List Office Mls Id: 894
  • Co List Office Phone: 517-339-8255
  • Subdivision Name: Avondale
  • Above Grade Finished Sq Ft: 1920.0
  • Living Area: 1920.0
  • General Property Info:Lot Size Dimensions: 40X135
  • General Property Info:Above Grade Finished Area: 1920.0
  • General Property Info:Total Livable Area: 1920.0
  • Baths:_pound_Full Baths 2: 1
  • Baths:_pound_Full Baths 1: 1
  • Appliances Refrigerators: Yes
  • Laundry Features:In Basement: Yes
  • Sewer:Public Sewer: Yes
  • Percent Basement Finished: Yes
  • Exterior:Wood Siding: Yes
  • Cooling:None8: Yes
  • Tax Info:Zoning3: Residential
  • General Property Info:Building Area Total SqFt: 1920.0
  • Special Features: None

Interior Features

  • Basement: Finished
  • Heating: Forced Air
  • Total Bedrooms: 7
  • Property Type: Residential
  • Full Bathrooms: 2
  • Appliances Dishwasher: Yes
  • Appliances:WasherDryer: Yes

Exterior Features

  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Washer/Dryer, Refrigerator, Dishwasher
  • Cooling: None
  • LaundryFeatures: In Basement
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: East Lansing

Lot Info

  • Lot Size Sq Ft: 5227.2
  • Zoning Description: Zoning

Tax Info

  • Tax Annual Amount: 6375.0

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 $6,207 $149,400 $17,700 $131,700
2024 -- $143,800 $16,400 $127,400
2023 $5,825 $129,400 $14,500 $114,900
2022 $5,573 $112,900 $13,100 $99,800
2021 $5,457 $109,800 $11,600 $98,200
2020 $5,393 $109,800 $11,900 $97,900
2019 $5,202 $105,400 $13,500 $91,900
2018 $5,536 $102,300 $12,900 $89,400
2017 $5,340 $101,200 $14,600 $86,600
2016 -- $101,200 $14,500 $86,700
2015 -- $93,700 $28,000 $65,700
2014 -- $93,700 $27,800 $65,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2025 10/01/25 For Sale $395,000 -- $206 / Sq Ft
Source: Greater Lansing Association of Realtors®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Deed $57,000 --
Source: Public Records

Source: Greater Lansing Association of Realtors®

MLS Number: 291661

Greater Lansing Association of Realtors®

APN: 20-02-18-216-013

Michigan Ingham County East Lansing 48823

509 Cornell Ave, East Lansing, MI

This home is located at 509 Cornell Ave, East Lansing, MI 48823 and is currently priced at $395,000, approximately $205 per square foot. This property was built in 1973. 509 Cornell Ave is a home located in Ingham County with nearby schools including Marble Elementary School, MacDonald Middle School, and East 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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