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509 N Walnut Street, 
Lansing, MI 48933

$109,900


Bed


Bath


-

Sq Ft


Multi-Family

Pending

Listed by

Ricardo S Cottengim

Cody & Co.

616-240-6590

Last updated:

July 22, 2025, 09:46 PM

MLS#

25032568

Source:

MI GRAR

About This Home

509 N Walnut Street

Discover a fantastic investment opportunity in Lansing, Michigan, just minutes from the state capital and downtown entertainment districts. This fully rented multi-family property offers immediate cash flow with stable tenants in place, making it an ideal addition to any real estate portfolio. The property's prime location provides convenient access to local amenities, government offices, and vibrant downtown attractions, ensuring continued demand from tenants. With a little TLC and strategic updates, there's significant potential to increase property value and rental income, making this a smart investment for both seasoned investors and newcomers alike. This multi-family asset presents a compelling chance to add value through cosmetic improvements, upgrades, or operational efficiencies. The existing layout offers flexible options for renovations to modernize units and boost rental rates. The strong occupancy rate combined with its proximity to key Lansing landmarks positions this property as a stable, income-generating investment with promising upside. Whether you're looking to expand your rental portfolio or capitalize on Lansing's growing market, this property offers a rare opportunity to maximize returns with minimal initial effort.

Home Facts

Multi-Family

Built in 1903

Price Summary

109,900

MLS #:

25032568

Last Updated:

July 22, 2025, 09:46 PM

Added:

21 day(s) ago


Structure

Structure

Year Built:

1903


Lot

Lot Size (Sq. Ft):

5,053


Finances & Disclosures

Finances

Price:

$109,900

Source:MI GRAR
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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.