Sold
640 S Magnolia Avenue, Lansing, MI 48912
Sold on 02/19/2026 for$50,000
MLS # 25062779 (Michigan Regional Information Center (MichRIC))
2 beds1 bath650 sqftBuilt 19110.1 acres
1 / 7
Listing Description
Investor opportunity in a strong Lansing rental area! This property is being sold AS-IS and offers solid upside for investors looking for a value-add or buy-and-hold opportunity. Functional layout with good square footage, full basement for storage or future improvement, and a lot size that supports long-term rental demand. Located near downtown Lansing, Michigan State University, Sparrow Hospital, shopping, public transportation, and major roadways—an area known for consistent tenant demand. Ideal for BRRRR, renovation, or long-term rental portfolio addition. Cash or renovation financing preferred. Bring your vision and unlock the potential.
Source: SparkMLS
About this home
2-bedroom, 1-bath, 650 sq ft home in Lansing in Lansing built in 1911.
Closed at $50,000 (about $77/sq ft).
Property tax estimate: $1,912 per year ($159/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. Fiber internet is available at this address with download speeds up to 5,120 Mbps across 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area650 sqft
Lot Size0.1 acres
Year Built1911
Stories1
Location
CityLansing
MunicipalityLansing City
Zip Code48912
CountyIngham
School DistrictLansing
Construction & Systems
StyleRanch, Traditional
ConstructionAluminum Siding, Vinyl Siding
BasementCrawl Space, Michigan Basement
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available
InteriorBroadband
Sale & Financing
Listed12/28/2025
Sold Date2/18/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,912
Tax Year2025
State Equalized Value$29,000
Taxable Value$22,192
Assessed Value$22,192
Parcel #33-01-01-14-358-341
Source: Public Records
Legal Description
LOT 59 LANSING ADDITION COMPANYS SUB REC L 5 P 20
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Cedric W Wicks
Five Star Real Estate
Frequently Asked Questions about 640 S Magnolia Avenue, Lansing, MI 48912
Which school district serves 640 S Magnolia Avenue, Lansing, MI 48912?
Per MLS# 25062779, 640 S Magnolia Avenue, Lansing, MI 48912 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.
What financing options are available for 640 S Magnolia Avenue, Lansing, MI 48912?
Per MLS# 25062779, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 640 S Magnolia Avenue, Lansing, MI 48912?
Per public tax records, annual property taxes for this property are $1,912 (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, 640 S Magnolia Avenue, Lansing, MI 48912 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 640 S Magnolia Avenue, Lansing, MI 48912 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 640 S Magnolia Avenue, Lansing, MI 48912. The maximum advertised download speed is 5.1 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 640 S Magnolia Avenue, Lansing, MI 48912?
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.
Map
Mortgage Calculator
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Monthly payment$454
Principal & interest$454
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5.1 Gbps
Upload
5.1 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
9 providers at this address
Metronet HoldingsFiber
5.1 GbpsXfinityCable
2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsAT&TLicensed Fixed Wireless
25 MbpsAT&TDSL
0 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Lansing Board of Water & Light
Municipal
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
640 S Magnolia Avenue, Lansing, MI 48912
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Municipality
Lansing
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