602 N Pennsylvania Ave Lansing, MI 48912
The Stadium District NeighborhoodEstimated payment $1,253/month
Total Views
4,222
--
Bed
--
Bath
2,932
Sq Ft
$56
Price per Sq Ft
Highlights
- Very Popular Property
- Corner Lot
- Hot Water Heating System
- Wood Flooring
- 2 Car Detached Garage
- 4-minute walk to Oak Park
About This Home
Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.
Listing Agent
Keller Williams Realty Lansing License #6501422144 Listed on: 09/04/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1872
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 43x148.5
- Corner Lot
Parking
- 2 Car Detached Garage
- On-Street Parking
Home Design
- Flat Roof Shape
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,932 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
Flooring
- Wood
- Carpet
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Michigan Basement
- Crawl Space
Utilities
- No Cooling
- Radiant Heating System
- Hot Water Heating System
- Gas Water Heater
Community Details
- 4 Units
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 | $4,329 | $111,200 | $4,400 | $106,800 |
| 2024 | $33 | $91,500 | $4,400 | $87,100 |
| 2023 | $4,085 | $77,400 | $4,400 | $73,000 |
| 2022 | $3,750 | $67,600 | $3,200 | $64,400 |
| 2021 | $3,665 | $57,400 | $4,100 | $53,300 |
| 2020 | $3,636 | $53,200 | $4,100 | $49,100 |
| 2019 | $4,127 | $44,400 | $4,100 | $40,300 |
| 2018 | $3,960 | $35,900 | $4,100 | $31,800 |
| 2017 | $2,931 | $35,900 | $4,100 | $31,800 |
| 2016 | $2,867 | $35,300 | $4,100 | $31,200 |
| 2015 | $2,867 | $34,400 | $8,272 | $26,128 |
| 2014 | $2,867 | $34,600 | $8,272 | $26,328 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/04/2025 09/04/25 | For Sale | $165,000 | -- | $56 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $118,000 | Trans | |
| Interfamily Deed Transfer | $60,000 | Trans |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $61,000 | No Value Available | |
| Previous Owner | $88,500 | Purchase Money Mortgage |
Source: Public Records
About the Listing Agent
Why Choose Me As Your Agent? When you work with me, you will receive a knowledgeable and professional real estate agent, a committed ally to negotiate on your behalf, the systems in place to streamline buying your home and the backing of a trusted company, Keller Williams Realty. Why Work With A Keller Williams Agent? Looking to sell your home? As a real estate associate of Keller Williams Realty, you will now have access to over 170,000 associates across the country to help you sell your
Thomas' Other Listings
Source: Greater Lansing Association of Realtors®
MLS Number: 290983
APN: 01-01-15-126-061
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Copyright © 2025 Greater Lansing Association of REALTORS®
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