For Sale
617 N WALNUT Street, Lansing, MI 48933
$150,000
MLS # 297544 (Greater Lansing Association of REALTORS®)
Built 18900.9 acres
1 / 44
Listing Description
617 N Walnut Lansing MI 48933 is an excellent investment opportunity! This spacious duplex offers immediate income potential with one unit vacant and ready for a new tenant or owner-occupant. Unit 1 is was previously rented for $825 per month, allowing a new owner to set current market rent. Unit 2 is occupied and generating $975 per month in rental income. Whether you're looking to add to your rental portfolio, house hack by living in one unit while collecting rent from the other, or lease the vacant unit for increased cash flow, this property offers outstanding flexibility. Conveniently located near downtown Lansing, Cooley Law School, Michigan State Capitol, shopping, restaurants, and major highways. Don't miss this opportunity to build wealth through real estate!
Source: SparkMLS
About this home
This 2-bath home built in 1890 sits in Lansing in Lansing.
Currently offered at $150,000.
Electric service is provided by Lansing Board of Water & Light; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.9 acres
Year Built1890
Location
CityLansing
MunicipalityLansing City
Zip Code48933
CountyIngham
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
Sale & Financing
Listed7/13/2026
Source: SparkMLS
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 Morgan Meredith
Keller Williams Realty Lansing
Frequently Asked Questions about 617 N WALNUT Street, Lansing, MI 48933
Is 617 N WALNUT Street, Lansing, MI 48933 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 617 N WALNUT Street, Lansing, MI 48933 is in flood zone X (minimal risk). 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.
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 Lansing City police department or the Ingham County sheriff's office.
Map
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Monthly payment$973
Principal & interest$973
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
617 N WALNUT Street, Lansing, MI 48933
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Municipality
Lansing
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