617 N Walnut St Lansing, MI 48933
Downtown Lansing NeighborhoodEstimated payment $913/month
Highlights
- Front Porch
- Forced Air Heating System
- 3-minute walk to Ferris Park
- Laundry Room
About This Home
This well-maintained duplex in the heart of Lansing offers an unbeatable location just minutes from Lansing Community College, the State Capitol, and downtown amenities. With easy access to W. Saginaw Hwy, commuting in and out of the city is a breeze and couldn't be more convenient. Featuring recent updates like a newer furnace and fresh interior finishes, this property is move-in ready. If you're looking to expand your investment portfolio this duplex delivers strong potential. The current tenant is on a month-to-month lease, providing flexibility for new ownership. The other unit is rented with a new tenant moving in March 21st. Which will create a projected annual rental income of $20,700, this is a fantastic opportunity to generate steady cash flow. This could be bought with the neighboring property, 621 N Walnut, to add to or create a very convenient rental portfolio. 48 hour notice minimum requirement to schedule a tour of the tenant-occupied unit. Don't miss your chance to own a prime multi-unit property in Lansing! Schedule your showing today.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 3,964 Sq Ft Lot
- Lot Dimensions are 33x120
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 2,106 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Laundry Room
Parking
- 2 Parking Spaces
- Parking Lot
Outdoor Features
- Front Porch
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
- 2 Units
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 | $55 | $73,000 | $3,500 | $69,500 |
| 2023 | $4,797 | $65,500 | $3,500 | $62,000 |
| 2022 | $4,382 | $58,400 | $3,900 | $54,500 |
| 2021 | $4,623 | $55,900 | $4,900 | $51,000 |
| 2020 | $4,250 | $51,900 | $4,900 | $47,000 |
| 2019 | $3,559 | $46,800 | $4,900 | $41,900 |
| 2018 | $3,378 | $43,400 | $4,900 | $38,500 |
| 2017 | $3,250 | $43,400 | $4,900 | $38,500 |
| 2016 | $3,223 | $42,600 | $4,900 | $37,700 |
| 2015 | $3,223 | $41,400 | $9,850 | $31,550 |
| 2014 | $3,223 | $41,100 | $17,000 | $24,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/11/2025 03/11/25 | For Sale | $163,000 | -- | $77 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $394,200 | Liberty Title | |
| Warranty Deed | -- | Liberty Title | |
| Warranty Deed | -- | Liberty Title | |
| Warranty Deed | $487,003 | Liberty Title | |
| Warranty Deed | $21,000 | Liberty Title | |
| Warranty Deed | $317,700 | Liberty Title | |
| Quit Claim Deed | -- | Liberty Title | |
| Land Contract | $17,101 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Land Contract | $17,101 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Land Contract | -- | Lamont Title Corporation | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $0 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $250,000 | Commercial | |
| Previous Owner | $15,000 | Construction |
Source: Greater Lansing Association of Realtors®
MLS Number: 286628
APN: 01-01-16-104-111
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