514 N Walnut St Lansing, MI 48933
Downtown Lansing Neighborhood
Total Views
21,689
--
Bed
2
Baths
1,826
Sq Ft
$87
Price per Sq Ft
Highlights
- 0.32 Acre Lot
- Wood Siding
- 3-minute walk to Ferris Park
- Hot Water Heating System
About This Home
WELCOME TO THIS WELL-MAINTAINED TWO-STORY DUPLEX OFFERING A FANTASTIC INVESTMENT OPPORTUNITY WITH STABLE, IMMEDIATE RENTAL INCOME. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH APPROXIMATELY 1,000 SQUARE FEET OF LIVING SPACE. BOTH UNITS ARE VERY CLEAN, WELL CARED FOR, AND CURRENTLY OCCUPIED BY TENANTS, MAKING THIS A TRUE TURNKEY, INCOME-PRODUCING PROPERTY. ENJOY OPEN AND SPACIOUS FLOOR PLANS FILLED WITH GREAT NATURAL LIGHT THROUGHOUT. THE PROPERTY ALSO INCLUDES A COIN-OPERATED LAUNDRY IN THE BASEMENT, PROVIDING ADDITIONAL REVENUE POTENTIAL. A LARGE PARKING LOT OFFERS AMPLE OFF-STREET PARKING FOR TENANTS. CONVENIENTLY LOCATED NEAR LCC, CLOSE TO DOWNTOWN DINING & NIGHTLIFE, AND JUST MINUTES FROM OLD TOWN & REO TOWN, THIS PROPERTY IS PERFECTLY SITUATED FOR CONTINUED STRONG RENTAL DEMAND A SOLID, STABLE INCOME EARNER READY TO ADD TO YOUR PORTFOLIO.
Listing Agent
Five Star Real Estate - Lansing License #6501359884 Listed on: 03/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1894
Lot Details
- 0.32 Acre Lot
- Lot Dimensions are 66x104
Home Design
- Wood Siding
Interior Spaces
- 2 Bathrooms
- 1,826 Sq Ft Home
- 2-Story Property
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Location
- City Lot
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Hot Water Heating System
Community Details
Overview
- 2 Units
- Original Of Lansing Subdivision
Building Details
- Insurance Expense $1,100
- Net Operating Income $12,540
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,474 | $69,800 | $6,600 | $63,200 |
| 2024 | $37 | $66,300 | $6,600 | $59,700 |
| 2023 | $4,213 | $59,800 | $6,600 | $53,200 |
| 2022 | $3,850 | $55,100 | $5,900 | $49,200 |
| 2021 | $3,756 | $52,500 | $6,600 | $45,900 |
| 2020 | $3,729 | $48,900 | $6,600 | $42,300 |
| 2019 | $6,460 | $44,400 | $6,600 | $37,800 |
| 2018 | $3,416 | $42,400 | $6,600 | $35,800 |
| 2017 | $3,286 | $42,400 | $6,600 | $35,800 |
| 2016 | $4,716 | $41,700 | $6,600 | $35,100 |
| 2015 | $4,716 | $40,500 | $13,100 | $27,400 |
| 2014 | $4,716 | $38,900 | $17,000 | $21,900 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/04/2026 03/04/26 | For Sale | $158,500 | -- | $87 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $25,000 | -- |
Source: Public Records
About the Listing Agent
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
John's Other Listings
Source: Greater Lansing Association of Realtors®
MLS Number: 294234
APN: 01-01-16-129-052
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Copyright © 2026 Greater Lansing Association of REALTORS®
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