Sold
1611 RIVER Terrace, East Lansing, MI 48823
Sold on 05/28/2026 for$250,900
MLS # 294547 (Greater Lansing Association of REALTORS®)
Built 19411.21 acres
1 / 39
Listing Description
**This property is not zoned for multi-unit housing; a rental license from Meridian Township would be for a single-family home only. **Highest and Best Offers are due by 5PM on 3/27.** Well-located investment opportunity just steps from Michigan State University, yet situated in Meridian Township for more favorable rental licensing and lower property taxes. This unique multi-unit property offers strong income potential with a flexible layout. The main level features a 3-bedroom unit with a spacious living room, a full bath, and a kitchen, plus access to a large unfinished basement., Architectural Style: Ranch
Source: SparkMLS
About this home
This 4-bath home built in 1941 sits in Meridian Township in East Lansing.
Final sale price: $250,900.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms4
Lot Size1.21 acres
Year Built1941
Location
CityEast Lansing
MunicipalityMeridian Twp
Zip Code48823
CountyIngham
Construction & Systems
ConstructionAluminum Siding
HeatingHot Water, Forced Air
Sale & Financing
Listed3/18/2026
Sold Date5/27/2026
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Christopher Silker
Keller Williams Realty Lansing
Frequently Asked Questions about 1611 RIVER Terrace, East Lansing, MI 48823
Is 1611 RIVER Terrace, East Lansing, MI 48823 eligible for USDA financing?
Per USDA Rural Development boundary data, 1611 RIVER Terrace, East Lansing, MI 48823 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 1611 RIVER Terrace, East Lansing, MI 48823 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Lansing Board of Water & Light. Gas: Consumers Energy Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Meridian Twp police department or the Ingham County sheriff's office.
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Monthly payment$1,485
Principal & interest$1,485
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Lansing Board of Water & Light
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1611 RIVER Terrace, East Lansing, MI 48823
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Municipality
Meridian Township
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