NOT LISTED FOR SALE

621 N Walnut St Lansing, MI 48933

Downtown Lansing Neighborhood

Estimated Value: $160,000 - $165,343

3 Beds
3 Baths
1,965 Sq Ft
$83/Sq Ft Est. Value

About This Home

This fully rented triplex in the heart of Lansing is a fantastic investment opportunity, generating $25,200 in annual rental income. Located just minutes from Lansing Community College, the State Capitol, and downtown, this property offers unbeatable convenience for tenants. With easy access to W. Saginaw Hwy, commuting is effortless in and out of the city. This well-maintained multi-unit is a strong cash-flowing asset, perfect for investors looking for steady returns. Additionally, the property can be purchased together with the neighboring property at 617 N Walnut, creating an even greater investment opportunity. Don't miss your chance to own this income-generating triplex in a prime location. Reach out today for more details! 48 hour notice minimum required to tour tenant-occupied units.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2023
Sold by
Ek Holdings 2023 Llc
Bought by
2228 Fund Llc
Current Estimated Value
$163,086

Purchase Details

Closed on
Mar 18, 2020
Sold by
Hope Roger and Klarberg Ellen
Bought by
Ek Michigan Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 23, 2019
Sold by
Next Step Homes Lc
Bought by
Hope Roger and Ellen Kalrberg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 2019
Sold by
Osebold Schafer Estates Corporation
Bought by
Next Step Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2010
Sold by
Atkinson Kufchock Julie Anne
Bought by
Bjr Rentals Llc

Purchase Details

Closed on
Aug 12, 2009
Sold by
Locust Property Management Inc
Bought by
James F Atkinson Revocable Trust

Purchase Details

Closed on
Jun 25, 1997
Sold by
Atkinson James Franklyn
Bought by
Atkinson James F Revocable Trust
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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

Purchase History

Date Buyer Sale Price Title Company
2228 Fund Llc $394,200 Liberty Title
Ek Michigan Properties Llc -- Liberty Title
Hope Roger $487,003 Liberty Title
Next Step Homes Llc $317,700 Liberty Title
Osebold Schafer Estates Corp -- Liberty Title
Bjr Rentals Llc $17,101 None Available
Bjr Rentals Llc -- None Available
Kufchock Julie A Atkinson -- None Available
James F Atkinson Revocable Trust -- Lamont Title Corporation
Atkinson James F Revocable Trust -- --
Atkinson James F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ek Michigan Properties Llc $0
Previous Owner Hope Roger $250,000
Previous Owner Next Step Homes Llc $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2025 03/11/25 For Sale $166,000 -- $84 / Sq Ft

Tax History Compared to Growth

Source: Public Records

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 $51 $72,800 $4,000 $68,800
2023 $4,936 $65,400 $4,000 $61,400
2022 $4,517 $58,400 $4,400 $54,000
2021 $4,413 $55,900 $5,600 $50,300
2020 $4,381 $52,100 $5,600 $46,500
2019 $3,611 $47,000 $5,600 $41,400
2018 $3,432 $42,900 $5,600 $37,300
2017 $3,300 $42,900 $5,600 $37,300
2016 $3,244 $42,100 $5,600 $36,500
2015 $3,244 $40,900 $11,106 $29,794
2014 $3,244 $40,100 $17,000 $23,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller Co-Listing Agent in 2025

    Rayce O'Connell

    RE/MAX Michigan

    (248) 563-4234

    3 in this area

    187 Total Sales

    Rayce O'Connell
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Map

Michigan Ingham County Lansing 48906 Downtown Lansing

621 N Walnut St, Lansing, MI

This home is located at 621 N Walnut St, Lansing, MI 48933 and is currently estimated at $163,086, approximately $82 per square foot. 621 N Walnut St is a home located in Ingham County with nearby schools including Riddle Elementary School, Pattengill Academy, and J.W. Sexton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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