514 N Walnut St Lansing, MI 48933
Downtown Lansing NeighborhoodEstimated payment $1,109/month
Total Views
83,425
--
Bed
2
Baths
1,826
Sq Ft
$82
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
- 13,939 Sq Ft Lot
- Lot Dimensions are 66x104
Parking
- Parking Lot
Home Design
- Duplex
- 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $3,764 | $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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/27/2026 05/27/26 | Price Changed | $149,900 | -5.4% | $82 / Sq Ft |
| 03/04/2026 03/04/26 | For Sale | $158,500 | -- | $87 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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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 © 2026 Greater Lansing Association of REALTORS®
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