831 Vine St Lansing, MI 48912
The Stadium District NeighborhoodEstimated payment $682/month
About This Home
Whether you're starting your rental business or expanding your existing portfolio, this property is an ideal opportunity. Great cash flow! $1550/month rent. This newly vinyl sided 2 and 1 duplex is rented into 2026 so start making money the day you close. Located in a high-demand area near Sparrow Hospital, LCC, Cooley Law and the Michigan ave corridor, the demand for this location is not slowing down. An optional, third-party management company is available to continue service for the new owner. Do not let this one slip by, schedule your showing today!!!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1875
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 41x142
Home Design
- Composition Roof
- Vinyl Siding
Parking
- 2 Parking Spaces
- Driveway
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Additional Features
- Michigan Basement
- Mineral Rights Excluded
Community Details
- Property has a Home Owners Association
- Association fees include cable/satellite, electricity, heat, sewer, trash, water
- 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 |
|---|---|---|---|---|
| 2025 | $3,559 | $68,700 | $4,100 | $64,600 |
| 2024 | $30 | $56,900 | $4,100 | $52,800 |
| 2023 | $3,349 | $48,500 | $4,100 | $44,400 |
| 2022 | $3,156 | $42,200 | $3,100 | $39,100 |
| 2021 | $2,985 | $37,300 | $3,900 | $33,400 |
| 2020 | $2,404 | $34,400 | $3,900 | $30,500 |
| 2019 | $3,087 | $29,000 | $3,900 | $25,100 |
| 2018 | $2,186 | $23,400 | $3,900 | $19,500 |
| 2017 | $1,758 | $23,400 | $3,900 | $19,500 |
| 2016 | $3,200 | $23,000 | $3,900 | $19,100 |
| 2015 | $3,200 | $22,500 | $7,843 | $14,657 |
| 2014 | $3,200 | $22,700 | $7,843 | $14,857 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/22/2025 11/22/25 | Price Changed | $109,000 | -5.2% | -- | |
| 09/30/2025 09/30/25 | For Sale | $115,000 | +66.9% | -- | |
| 11/04/2020 11/04/20 | Sold | $68,900 | -1.4% | $48 / Sq Ft | View Prior Sale |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- | |
| 07/20/2020 07/20/20 | For Sale | $69,900 | -- | $49 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $68,900 | None Available | |
| Quit Claim Deed | -- | Liberty Title | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $25,400 | None Available | |
| Quit Claim Deed | -- | Bell Title Co | |
| Quit Claim Deed | -- | Bell Title Co | |
| Corporate Deed | $75,000 | Landamerica Transnation | |
| Warranty Deed | $50,000 | -- | |
| Warranty Deed | $28,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $55,120 | New Conventional | |
| Previous Owner | $79,000 | New Conventional | |
| Previous Owner | $73,841 | FHA | |
| Previous Owner | $58,960 | Purchase Money Mortgage | |
| Closed | $1,000 | No Value Available |
Source: MichRIC
MLS Number: 25050125
APN: 01-01-15-152-101
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.
Information is deemed reliable but not guaranteed.
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