Cash flowing a 4-unit with a current rental certificate, located close to downtown, the capital, and steps away from Ferris Park. Market rents of $3000+ a month making this a great income generating opportunity or potential a house hack for an owner occupant. The building has one 2 bedroom unit and three 1-bedroom units. Large basement clean with washer and dryer for tenants. Unit 1A has newer carpet and paint. Current owner has not had any issues getting these units rented in the past. This property also includes a vacant, buildable lot next door at 618 W. Genesee St. Don't miss out on this cash-flowing deal!
MOXIE Real Estate + DevelopmentLicense #6506049133Listed on: 05/08/2025
Property Details
Home Type
Multi-Family
Year Built
Built in 1885
Lot Details
0.41 Acre Lot
Lot Dimensions are 91x99
Parking
4 Parking Spaces
Home Design
Composition Roof
Wood Siding
Interior Spaces
1 Fireplace
Basement Fills Entire Space Under The House
Utilities
No Cooling
Heating System Uses Natural Gas
Heating System Uses Steam
Natural Gas Connected
Cable TV Available
Community Details
4 Units
Laundry Facilities
Listing and Financial Details
The owner pays for trash collection, water, sewer, gas
Property Details
Home Type
Multi-Family
Year Built
Built in 1885
Lot Details
0
Listing Details
Property Sub-Type: 2 to 4 Units
Property Type: Multi Family
New Construction: No
Year Built: 1885
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Fireplaces: 1
Basement: Full
Basement: Yes
Exterior Features
Construction Materials: Wood Siding
List Price: 204900.0
Number of Buildings: 1
Road Surface Type: Paved
Roof: Composition
Waterfront: No
Access Feat:Accessibility Features2: No
Garage/Parking
Total Parking Spaces: 4.0
General Property Info:Total Parking Spaces: 4.0
Utilities
Cooling: None
Cooling: No
Heating: Steam
Heating: Yes
Utilities: Cable Available, Natural Gas Connected, Electricity Connected
Lot Info
Lot Size Acres: 0.41
Lot Size Area: 0.41
Lot Dimensions: 91x99
Lot Size Sq Ft: 17860.0
Zoning Description: Residential
Rental Info
Owner Pays: Trash Collection, Water, Sewer, Gas
Tenant Pays: Electric
Multi Family
Number of Units Total: 4
Tax Info
Tax Annual Amount: 7647.0
Tax Year: 2025
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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
$63
$94,900
$4,000
$90,900
2023
$7,276
$85,100
$4,000
$81,100
2022
$5,183
$75,800
$4,500
$71,300
2021
$5,065
$72,500
$5,700
$66,800
2020
$5,027
$67,100
$5,700
$61,400
2019
$4,844
$60,500
$5,700
$54,800
2018
$4,604
$54,900
$5,700
$49,200
2017
$4,394
$54,900
$5,700
$49,200
2016
$3,680
$53,900
$5,700
$48,200
2015
$3,680
$52,300
$11,327
$40,973
2014
$3,680
$50,200
$17,000
$33,200
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
06/02/202506/02/25
Price Changed
$209,900
-4.5%
--
05/28/202505/28/25
Price Changed
$219,900
-4.0%
--
05/19/202505/19/25
Price Changed
$229,000
-2.6%
--
05/15/202505/15/25
Price Changed
$235,000
-2.0%
--
05/08/202505/08/25
For Sale
$239,900
--
--
Source: Southwestern Michigan Association of REALTORS®
Assume this home's 3.5% mortgage and save thousands annually! Great investment opportunity! This 4-unit multifamily property features a unit mix of (3) two-bedroom units and (1) one-bedroom unit, with tenants covering all utilities. Unit 4 is currently vacant, offering potential for a new tenant or owner-occupancy. The property includes four separate furnaces and multiple hot water tanks, with a
This home is located at 616 W Genesee St, Lansing, MI 48933 and is currently priced at $204,900. This property was built in 1885. 616 W Genesee St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.
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