For Sale
4733 S Pennsylvania Avenue, Lansing, MI 48910
$229,900
MLS # 26035853 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19800.02 acres
1 / 36
Listing Description
Excellent investment opportunity in a prime Lansing location! This well-maintained duplex at 4733 & 4735 S. Pennsylvania Ave. is conveniently located near Michigan State University, shopping, dining, public transportation, and major employers. Both units have been extensively updated and offer strong rental appeal. Recent improvements include newer appliances, new washers and dryers, new hot water heaters, all-new electric baseboard heating systems and thermostats, remodeled bathrooms, a new sewer line (2023), and a newly issued rental license valid for three years. The upper unit features newer windows, vinyl plank flooring, and is currently leased month-to-month, offering owner flexibility. The lower unit features tile flooring with new vinyl plank in the bathroom and is occupied by a long-term tenant with a lease in place through March 2027. A turnkey investment with major capital improvements already completed. Please allow 48 hour notice to show.
Source: SparkMLS
About this home
Located in Lansing in Lansing, this property offers 1-bath, with original construction dating to 1980.
Listed at $229,900.
Property tax estimate: $5,289 per year ($441/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms1
Lot Size0.02 acres
Year Built1980
Location
CityLansing
MunicipalityLansing City
Zip Code48910
CountyIngham
School DistrictLansing
Construction & Systems
ConstructionAluminum Siding
BasementOther, Walk-Out Access
HeatingBaseboard
UtilitiesNatural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed7/13/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,289
Tax Year2025
State Equalized Value$69,900
Taxable Value$69,900
Assessed Value$71,787
Homestead (PRE)50%
Parcel #33-01-01-34-376-026
Source: Public Records
Legal Description
LOT 23 PLEASANT RIDGE PLAT
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Clifford Risner
Executive Brokers Residential and Commercial Real Estate
Frequently Asked Questions about 4733 S Pennsylvania Avenue, Lansing, MI 48910
Which school district serves 4733 S Pennsylvania Avenue, Lansing, MI 48910?
Per MLS# 26035853, 4733 S Pennsylvania Avenue, Lansing, MI 48910 is in the Lansing boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lansing directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26035853, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4733 S Pennsylvania Avenue, Lansing, MI 48910?
Per public tax records, annual property taxes for this property are $5,289 (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, 4733 S Pennsylvania Avenue, Lansing, MI 48910 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 4733 S Pennsylvania Avenue, Lansing, MI 48910 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 4733 S Pennsylvania Avenue, Lansing, MI 48910?
Per Michigan Public Service Commission service territory data: Electric: Lansing Board of Water & Light. Gas: Consumers Energy Company. 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 Lansing City police department or the Ingham County sheriff's office.
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Monthly payment$1,491
Principal & interest$1,491
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
4733 S Pennsylvania Avenue, Lansing, MI 48910
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Lansing
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