Lansing, MI Apartment Buildings for Sale

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East Lansing, MI Dewitt, MI Holt, MI

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$285,000

2,727 SF

Mixed-Use Building in Old Town

1031 N Washington Avenue, Lansing, MI 48906

Historic mixed-use property with office and residential units.

Prime Old Town Lansing location with high visibility on N. Washington Avenue in a walkable, vibrant district.
Versatile DT‑1 zoning allows for a variety of commercial, office, and residential uses.
Mixed‑use property featuring a ground‑floor office suite (2,727 SF) and an upper‑level six‑bedroom apartment, each with separate entrances.
Ground‑floor office suite is available near‑term due to owner relocation, ideal for owner‑occupant or investor.
Upper‑level apartment has existing rental income potential.

Updated: Feb 19

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Lansing Multifamily Investment Opportunity

$999,000

8,072 SF

Lansing Multifamily Investment Opportunity

645 E Jolly Rd, Lansing, MI 48910

Renovated 16-unit building in central Lansing with upside potential.

High 8.8% Cap Rate indicates strong cash flow potential.
Renovated in 2024 with renovations achieving above‑market rents, demonstrating proven upside potential.
Prime central Lansing location near major roadways (I‑96, I‑496), business, cultural attractions, and amenities.
16 units with credit‑worthy, qualified tenants already in place.
Significant, recent CapEx investment ensures property is updated and compliant.

Updated: Mar 6

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$285,000

2,727 SF

Mixed-Use Building in Old Town

Historic mixed-use property with office and residential units.

1031 N Washington Ave, Lansing, MI 48906

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Multifamily Investment Opportunity in Lansing

$795,000

7,732 SF

Multifamily Investment Opportunity in Lansing

Multifamily property with 12 units in a desirable Lansing location.

3501 Simken Drive |, Lansing, MI 48910

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$440,000

4,809 SF

Lansing Multifamily Investment Opportunity

Fully occupied 8-unit building near downtown and Michigan State.

826 N Walnut St, Lansing, MI 48906

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$999,700

11,215 SF

Lansing Multifamily Investment Opportunity

South Lansing apartment building with upside rental increase potential.

909 E Jolly Rd, Lansing, MI 48910

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$1,800,000

2,800 SF

Downtown Lansing Mixed-Use Asset

Mixed-use property with residential and commercial units in downtown Lansing.

329-337 S Washington Sq 329-337, Lansing, MI 48933

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Renovated Multifamily Investment Opportunity

$999,000

8,072 SF

Renovated Multifamily Investment Opportunity

Sixteen-unit renovated multifamily property in Lansing, Michigan with strong cash flow.

645 E Jolly Rd, Lansing, MI 48910

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$297,000

1,824 SF

Multifamily Property with Seven Units

Seven units, renovated in 2023, excellent investment opportunity.

1216 N Chestnut St, Lansing, MI 48906

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Renovated 5-Unit Residential Investment Property

$369,900

0.15 Acres

Renovated 5-Unit Residential Investment Property

Completely renovated 5-unit property near University of Michigan.

819 Vine Street, Lansing, MI 48912

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$2,166,240

17,749 SF

24-Unit Apartment Complex For Sale

24-unit apartment complex available for purchase.

4601 S Martin Luther King Jr Blvd, Lansing, MI 48910

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Based on your search, we've compiled 28 Potential Opportunities for your consideration. Besides 11 Active listings in Lansing, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Jackson Multifamily Investment Opportunity

$395,000

0.60 Acres

Jackson Multifamily Investment Opportunity

Multifamily property for sale in Jackson, Michigan.

334 W Wesley Street, Jackson, MI 49201

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$75,000

68,389 SF

Cleared Land in Jackson Center

Multi-family property with commercial and mixed-use potential in Jackson.

750 W Michigan Avenue, Jackson, MI 49201

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Mixed-Use Property in Downtown Laingsburg

$165,000

2,400 SF

Mixed-Use Property in Downtown Laingsburg

Fully leased mixed-use property with long-term tenants in downtown Laingsburg.

252 E Grand River Road, Laingsburg, MI 48848

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Laingsburg Mixed-Use Investment Property

$165,000

1,800 SF

Laingsburg Mixed-Use Investment Property

Fully leased mixed-use property in downtown Laingsburg with long-term tenants.

252 E Grand River Road, Laingsburg, MI 48848

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$650,000

3.70 Acres

Land Near Shepherd University

Prime land near Shepherd University with development potential.

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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Multifamily Development Opportunity in Charlotte

$559,700

0.47 Acres

Multifamily Development Opportunity in Charlotte

Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

4312 Tantilla Circle, Charlotte, NC 28215

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$699,900

1.33 Acres

Greenville Development Opportunity: 1.33 Acres

1.33 acre parcel suitable for multi-family development near downtown.

71 Salters Road, Greenville, SC 29607

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Off-Market Properties in Lansing, MI

Consider similar Off-Market properties in Lansing, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1030 Woodale Ln

HIGH-RISE APARTMENTS • 149,458 SF

Value Estimation by Request

1030 Woodale Ln, Lansing, MI 48917-2085

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602 Pennsylvania Ave

Multifamily properties • 0.15 Acres

Value Estimation by Request

602 Pennsylvania Ave, Lansing, MI 48912

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Delta River Dr

Multifamily properties

Value Estimation by Request

0 Delta River Dr, Lansing, MI 48906

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Michigan Ave

Multifamily properties • 16,088 SF

Value Estimation by Request

0 Michigan Ave, Lansing, MI 48912

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321 Butler Blvd

Multifamily properties

Value Estimation by Request

321 Butler Blvd, Lansing, MI 48915

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804 Legrand Dr

Multifamily properties • 2,600 SF

Value Estimation by Request

804 Legrand Dr, Lansing, MI 48910

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5501 Joshua St

Multifamily properties • 13.90 Acres

Value Estimation by Request

5501 Joshua St, Lansing, MI 48911

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4221 Grand River Ave

Multifamily properties • 7,760 SF

Value Estimation by Request

4221 Grand River Ave, Lansing, MI 48906

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4601 Martin Luther King Jr Blvd

Multifamily properties • 0.51 Acres

Value Estimation by Request

4601 Martin Luther King Jr Blvd, Lansing, MI 48910

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Lansing, MI Apartment Buildings Investment Opportunities Market Analysis

Explore 20 apartment buildings for sale in Lansing, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 67,727 square feet of properties for sale, with an estimated market value of $9,065,940.

Sale prices for two-family homes in Lansing, MI start at $285,000, averaging $906,594, and reaching up to $2,166,240 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Property Size Breakdown

The majority of commercial real estate listings in Lansing fall within the 100,000+ square foot range.

Demographics Overview

Population 161K

Population Growth (5Y) +3.3%

Median Household Income $58,292

College Educated 13.8%

High-Yield Neighborhoods for Strategic Investment

Identify Lansing submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
48906	$340.7K
48912	$369.9K
48910	$1.2M
48933	$1.8M

Taxes & Financing

Tax Rate (average for all types) 5.48%

Property Tax per SF $86.80 per sq ft

Average Loan-to-Value 65.0%

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Lansing, MI Apartment Buildings for Sale

Mixed-Use Building in Old Town

Historic mixed-use property with office and residential units.

Lansing Multifamily Investment Opportunity

Renovated 16-unit building in central Lansing with upside potential.

Mixed-Use Building in Old Town

Multifamily Investment Opportunity in Lansing

Lansing Multifamily Investment Opportunity

Lansing Multifamily Investment Opportunity

Downtown Lansing Mixed-Use Asset

Renovated Multifamily Investment Opportunity

Multifamily Property with Seven Units

Renovated 5-Unit Residential Investment Property

24-Unit Apartment Complex For Sale

Opportunities in Nearby Cities

Jackson Multifamily Investment Opportunity

Cleared Land in Jackson Center

Mixed-Use Property in Downtown Laingsburg

Laingsburg Mixed-Use Investment Property

Potential Development Sites for Consideration

Land Near Shepherd University

Asheville Development Opportunity: 5.94 Acres

Multifamily Development Opportunity in Charlotte

Greenville Development Opportunity: 1.33 Acres

Off-Market Properties in Lansing, MI

1030 Woodale Ln

602 Pennsylvania Ave

Delta River Dr

Michigan Ave

321 Butler Blvd

804 Legrand Dr

5501 Joshua St

4221 Grand River Ave

4601 Martin Luther King Jr Blvd

Lansing, MI Apartment Buildings Investment Opportunities Market Analysis

Property Size Breakdown

Demographics Overview

High-Yield Neighborhoods for Strategic Investment

Taxes & Financing

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