529 Cherry St Lansing, MI 48933
Downtown Lansing NeighborhoodEstimated payment $1,268/month
Highlights
- Wood Flooring
- Laundry Room
- Wood Siding
- Front Porch
- Forced Air Heating and Cooling System
- 3-minute walk to Cherry Hill Park
About This Home
Welcome to 529 Cherry Street, a well-maintained two-unit investment property located in Lansing's historic district. This fully leased multi-family offers immediate income potential and strong rental appeal. The main level (Unit A) features a one-bedroom layout with a spacious living room complete with a fireplace, a nicely appointed kitchen with included appliances, in-unit laundry, and a generous bedroom. The upper unit spans the second and third floors, offering a two-bedroom layout plus an impressive loft space on the third level. This unit includes a comfortable living area and kitchen, 1.5 Bathrooms with laundry conveniently located in the basement. Each unit is separately metered, with tenants responsible for gas, electric, water, and sewer. The landlord covers lawn care, snow removal, and trash service. The property also includes a dedicated parking pad accommodating up to four vehicles—an added convenience for tenants. A solid opportunity for investors looking to add a fully occupied property in a desirable rental location—schedule your showing today!
Listing Agent
Five Star Real Estate - Lansing License #6506045689 Listed on: 03/23/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,011
Year Built
- Built in 1906
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 37.1x66
- Back Yard Fenced
Parking
- 4 Parking Spaces
Home Design
- Brick Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 2 Bathrooms
- 1,280 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Carpet
- Vinyl
Laundry
- Laundry Room
- Laundry on lower level
Basement
- Basement Fills Entire Space Under The House
- Michigan Basement
Outdoor Features
- Front Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Water Heater
- Cable TV Available
Community Details
Overview
- 2 Units
- Original Of Lansing Subdivision
Building Details
- New Taxes Expense $4,011
Map
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 | $4,096 | $53,300 | $3,700 | $49,600 |
| 2024 | $34 | $45,100 | $3,700 | $41,400 |
| 2023 | $2,769 | $38,100 | $3,700 | $34,400 |
| 2022 | $2,536 | $35,100 | $2,900 | $32,200 |
| 2021 | $2,478 | $31,000 | $3,900 | $27,100 |
| 2020 | $2,460 | $30,000 | $3,900 | $26,100 |
| 2019 | $2,370 | $29,800 | $3,900 | $25,900 |
| 2018 | $2,253 | $28,000 | $3,900 | $24,100 |
| 2017 | $2,166 | $28,000 | $3,900 | $24,100 |
| 2016 | $2,139 | $27,500 | $3,900 | $23,600 |
| 2015 | $2,139 | $26,700 | $7,782 | $18,918 |
| 2014 | $2,139 | $27,100 | $13,000 | $14,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/23/2026 03/23/26 | For Sale | $175,000 | 0.0% | $137 / Sq Ft | |
| 11/01/2024 11/01/24 | For Rent | $900 | 0.0% | -- | |
| 10/08/2024 10/08/24 | Off Market | $900 | -- | -- | |
| 10/27/2023 10/27/23 | Sold | $136,000 | -2.8% | $106 / Sq Ft | View Prior Sale |
| 09/02/2023 09/02/23 | Pending | -- | -- | -- | |
| 08/20/2023 08/20/23 | For Sale | $139,900 | -- | $109 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Star Title | |
| Warranty Deed | $136,000 | Diversified National Title | |
| Warranty Deed | $100,000 | Multiple |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $117,623 | FHA | |
| Previous Owner | $80,000 | New Conventional |
Source: Greater Lansing Association of Realtors®
MLS Number: 294596
APN: 01-01-16-457-071
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Copyright © 2026 Greater Lansing Association of REALTORS®
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