For Sale
1954-1964 E Saginaw Street, East Lansing, MI 48823
$435,000
MLS # 26024752 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19401.61 acres
1 / 38
Listing Description
Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing
Source: SparkMLS
About this home
Currently offered at $435,000.
Annual property taxes run approximately $14,300 ($1,192/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size1.61 acres
Year Built1940
Location
CityEast Lansing
MunicipalityMeridian Twp
Zip Code48823
CountyIngham
School DistrictHaslett
Construction & Systems
ConstructionVinyl Siding
BasementSlab
HeatingForced Air
WaterWell
SewerPublic Sewer
UtilitiesElectricity Connected
Sale & Financing
Listed5/25/2026
Original Price$449,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$14,300
Tax Year2025
State Equalized Value$218,000
Taxable Value$196,344
Assessed Value$196,344
Homestead (PRE)100%
Parcel #33-02-02-03-101-001
Source: Public Records
Legal Description
M3-7 THAT PT OF NW FRL 1/4 OF NW FRL 1/4 LYING NW OF M-78 HWY, SEC 3, T4NR1W 3A.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jer-Waun Kirkland
616 Realty LLC
Frequently Asked Questions about 1954-1964 E Saginaw Street, East Lansing, MI 48823
Which school district serves 1954-1964 E Saginaw Street, East Lansing, MI 48823?
Per MLS# 26024752, 1954-1964 E Saginaw Street, East Lansing, MI 48823 is in the Haslett boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Haslett directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26024752, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 1954-1964 E Saginaw Street, East Lansing, MI 48823?
Per public tax records, annual property taxes for this property are $14,300 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 1954-1964 E Saginaw Street, 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.
Is 1954-1964 E Saginaw Street, East Lansing, MI 48823 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 1954-1964 E Saginaw Street, East Lansing, MI 48823?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public Sewer. Water: Well. Confirm service details directly with providers.
What is the crime rate in 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.
Loading map...
Mortgage Calculator
$
%
$
$
$
Monthly payment$2,821
Principal & interest$2,821
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1954-1964 E Saginaw Street, East Lansing, MI 48823
View full property history →
Municipality
Meridian Township
View all listings →
Get email alerts for new listings near 1954-1964 E Saginaw Street
We'll notify you when something hits the market in Meridian Township or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.