606 Shepard St Lansing, MI 48912
Hunter Park NeighborhoodEstimated payment $885/month
Highlights
- Forced Air Heating System
- Laundry Facilities
- 2-minute walk to Stabler Park
About This Home
Fantastic investment opportunity! This well maintained duplex offers 2 spacious units with separate entrances and utilities, including 2 furnaces, 2 water heaters, and 2 electric meters. The upper unit features renovated kitchen counters, newer flooring, and an updated bathroom. The lower unit offers a refreshed kitchen with newer countertops and updated bathroom floors. Both units enjoy a large, covered front porch. Tenants currently pay all utilities (gas, heat, trash, water). Unit 1 currently pays $830 monthly rent. Shared laundry room in basement. Whether you're looking to live in one unit and rent the other, or expand your portfolio, this is a solid choice with excellent potential! Both units are currently tenant occupied. 48 hr notice. Tenant Occupied.
Listing Agent
RE/MAX Real Estate Professionals License #6506045750 Listed on: 07/22/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 33x99
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 1,568 Sq Ft Home
- 2-Story Property
- Fire and Smoke Detector
- Gas Dryer Hookup
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 3 Parking Spaces
- No Garage
- Driveway
- Paved Parking
- Outside Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 2 Units
- Breiten Park Subdivision
Amenities
- Laundry Facilities
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 |
|---|---|---|---|---|
| 2024 | $20 | $54,200 | $3,000 | $51,200 |
| 2023 | $2,428 | $43,900 | $3,000 | $40,900 |
| 2022 | $2,226 | $36,900 | $2,400 | $34,500 |
| 2021 | $2,176 | $34,100 | $2,700 | $31,400 |
| 2020 | $2,159 | $32,400 | $2,700 | $29,700 |
| 2019 | $2,079 | $27,200 | $2,700 | $24,500 |
| 2018 | $1,977 | $24,300 | $2,700 | $21,600 |
| 2017 | $1,900 | $24,300 | $2,700 | $21,600 |
| 2016 | $1,836 | $23,900 | $2,700 | $21,200 |
| 2015 | $1,836 | $23,100 | $5,395 | $17,705 |
| 2014 | $1,836 | $22,900 | $5,395 | $17,505 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | For Sale | $159,900 | +2.2% | $102 / Sq Ft |
| 02/08/2024 02/08/24 | Sold | $156,500 | 0.0% | $100 / Sq Ft |
| 01/23/2024 01/23/24 | Pending | -- | -- | -- |
| 01/17/2024 01/17/24 | For Sale | $156,500 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Personal Reps Deed | -- | None Listed On Document | |
| Personal Reps Deed | -- | None Listed On Document | |
| Warranty Deed | $156,500 | Ata National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $93,900 | New Conventional | |
| Previous Owner | $60,000 | Adjustable Rate Mortgage/ARM |
Source: Greater Lansing Association of Realtors®
MLS Number: 289874
APN: 01-01-15-484-141
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