For Sale
612 N Walnut Street, Lansing, MI 48933
$119,000
MLS # 26008561 (Michigan Regional Information Center (MichRIC))
3 beds2 baths1,320 sqftBuilt 18750.09 acres
1 / 27
Listing Description
Turnkey investment property with rental income! This updated home currently has a tenant in place paying $1,400 per month, with a lease secured through November 15, 2026, offering investors cash flow from day one. Ideally located close to LCC, Quality Dairy, nearby parks, and the Grand River, the property benefits from strong rental demand due to its central location and proximity to local amenities. The home features a traditional floor plan with a bright living room and a spacious dining area, creating an inviting layout that appeals to occupants. An updated kitchen includes durable vinyl flooring and abundant cabinet storage, making it both practical and attractive. Upstairs you'll find all bedrooms, each with neutral paint, comfortable carpeting, and sizable closets, providing functional and appealing living spaces. The basement offers storage potential, while outdoor features include a covered front porch and fenced backyard, adding value and appeal. Don't wait - Inquire today!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,320 sq ft home built in 1875 sits in Lansing in Lansing.
Currently offered at $119,000 (about $90/sq ft).
Estimated annual property tax: $1,965, or about $164 monthly. 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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,320 sqft
Lot Size0.09 acres
Year Built1875
Stories2
Location
CityLansing
MunicipalityLansing City
Zip Code48933
CountyIngham
School DistrictLansing
Construction & Systems
StyleOther
ConstructionVinyl Siding
BasementFull
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected
InteriorCeiling Fan(s)
Sale & Financing
Listed6/30/2026
Terms AcceptedCash, FHA, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,965
Tax Year2025
State Equalized Value$59,300
Taxable Value$37,609
Assessed Value$37,609
Homestead (PRE)100%
Parcel #33-01-01-16-126-022
Source: Public Records
Legal Description
S 17 FT OF W 115 FT LOT 7, ALSO N 18 FT OF W 115 FT LOT 6 BLOCK 62 ORIG PLAT
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Stanley Dickson
Trowbridge Realty
Frequently Asked Questions about 612 N Walnut Street, Lansing, MI 48933
Which school district serves 612 N Walnut Street, Lansing, MI 48933?
Per MLS# 26008561, 612 N Walnut Street, Lansing, MI 48933 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# 26008561, this listing accepts Cash, FHA, VA Loan, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 612 N Walnut Street, Lansing, MI 48933?
Per public tax records, annual property taxes for this property are $1,965 (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, 612 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 612 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 612 N Walnut Street, Lansing, MI 48933?
Per Michigan Public Service Commission service territory data: Electric: Lansing Board of Water & Light. Gas: Consumers Energy Company. Sewer: Public. Water: Public. 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$772
Principal & interest$772
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
612 N Walnut Street, Lansing, MI 48933
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Lansing
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