For Sale
514 N WALNUT Street, Lansing, MI 48933
$149,900
MLS # 294234 (Greater Lansing Association of REALTORS®)
Built 18940.32 acres
1 / 30
Listing Description
WELCOME TO THIS WELL-MAINTAINED TWO-STORY DUPLEX OFFERING A FANTASTIC INVESTMENT OPPORTUNITY WITH STABLE, IMMEDIATE RENTAL INCOME. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH APPROXIMATELY 1,000 SQUARE FEET OF LIVING SPACE. BOTH UNITS ARE VERY CLEAN, WELL CARED FOR, AND CURRENTLY OCCUPIED BY TENANTS, MAKING THIS A TRUE TURNKEY, INCOME-PRODUCING PROPERTY. ENJOY OPEN AND SPACIOUS FLOOR PLANS FILLED WITH GREAT NATURAL LIGHT THROUGHOUT. THE PROPERTY ALSO INCLUDES A COIN-OPERATED LAUNDRY IN THE BASEMENT, PROVIDING ADDITIONAL REVENUE POTENTIAL. A LARGE PARKING LOT OFFERS AMPLE OFF-STREET PARKING FOR TENANTS. CONVENIENTLY LOCATED NEAR LCC, CLOSE TO DOWNTOWN DINING & NIGHTLIFE, AND JUST MINUTES FROM OLD TOWN & REO TOWN, THIS PROPERTY IS PERFECTLY SITUATED FOR CONTINUED STRONG RENTAL DEMAND
Source: SparkMLS
About this home
Located in Lansing in Lansing, this property offers 2-bath, with original construction dating to 1894.
Listed at $149,900.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.32 acres
Year Built1894
Location
CityLansing
MunicipalityLansing City
Zip Code48933
CountyIngham
Construction & Systems
ConstructionWood Siding
HeatingHot Water
Sale & Financing
Listed7/13/2026
Original Price$158,500
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by John Hagerty, Jr.
Five Star Real Estate - Lansing
Frequently Asked Questions about 514 N WALNUT Street, Lansing, MI 48933
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 514 N WALNUT Street, Lansing, MI 48933 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 514 N WALNUT Street, Lansing, MI 48933 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 514 N WALNUT Street, Lansing, MI 48933?
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$972
Principal & interest$972
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
514 N WALNUT Street, Lansing, MI 48933
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Municipality
Lansing
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