Lansing, MI Apartment Buildings for Sale

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Updated: Nov 21, 2025

Lansing Multifamily Investment Opportunity

909 E Jolly Rd, Lansing, MI 48910

$999,700

11,215 sqft

Prime location near Jolly and Pennsylvania with easy access to I‑96 and US‑127/I‑496, Mejier, retailers, restaurants and banks.
Excellent investment opportunity with strong rental history and income potential.
Fully occupied with 100% occupancy.
Upside rental increase potential.
Attractive unit layout and design.

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This listing looks promising.

Here's a quick look at some key insights for

909 E Jolly Rd, Lansing, MI 48910

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$91K
Annual
Price @ 7% Cap

$1.3M
Above asking
Property Type

Multi-Family Dwellings
Built 1963

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Updated: Jan 8

Two-Story Multifamily Building

401 E Willard Ave, Lansing, MI 48910

$1,200,000

11,042 sqft 0.43 AC lot

11,042 SF, two‑story brick multifamily built in 1969 on an approximately 0.43‑acre site with garden‑level units
Unit mix includes 16 two‑bedroom units and 2 one‑bedroom units
Approximately 94% occupancy with 30 parking spaces on site
Recent capital improvements include a new roof, gutters, and downspouts; five units renovated
Tenant‑paid electricity (landlord covers remaining utilities) to help support stable operations

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Professionally Managed Five-Unit Building

916 W Ottawa Street, Lansing, MI 48915

$349,900

1,941 sqft

Five-unit apartment building in good overall condition with professionally managed, long-term tenant occupancy.

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Two-Building Apartment Portfolio

906 E Shiawassee Street Unit 906, Lansing, MI 48912

$1,950,000

8,259 sqft

Two apartment buildings offer 30 total units, with covered parking at the 22-unit property.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Contiguous Multifamily Portfolio

829 E Shiawassee Street Unit 829, Lansing, MI 48912

$1,250,000

6,790 sqft

Two adjacent multifamily properties offer a total of 21 units with newer high-efficiency boilers and landlord-paid heat, water, and trash.

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Multifamily Property with Seven Units

1216 N Chestnut St, Lansing, MI 48906

$278,000

1,824 sqft

Seven units, renovated in 2023, excellent investment opportunity.

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Renovated 5-Unit Apartment Building

819 Vine Street, Lansing, MI 48912

$349,900

5,316 sqft

Completely renovated 5-unit building with a basement studio and one-bed, one-bath layouts in each unit.

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12-Unit Multifamily Workforce Housing

3501 Simken Drive, Lansing, MI 48910

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11,598 sqft

Twelve-unit multifamily property offered for sale in Lansing, Michigan.

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Downtown Mixed-Use Building

329-337 S Washington Square, Lansing, MI 48933

$1,891,900

Mixed-use property with nine loft-style apartments and ground-floor retail, plus 11 on-site parking spaces.

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Renovated Apartment Complex

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

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19,749 sqft

Recently renovated apartment complex with six buildings totaling 24 units across spacious 2-bedroom, 1-bath layouts.

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24-Unit Apartment Complex For Sale

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

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17,749 sqft

24-unit apartment complex available for purchase.

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Renovated 5-Unit Residential Investment Property

819 Vine Street, Lansing, MI 48912

$369,900

0.15 AC lot

Completely renovated 5-unit property near University of Michigan.

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Three-Property Multifamily Portfolio

1115 Dorchester Circle, Lansing, MI 48910

Contact for pricing

Three-property, 282-unit multifamily portfolio with two assets located in a State-designated Opportunity Zone.

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Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 13 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

Opportunities in Nearby Cities

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

Six-Unit Apartment Building

204 Michigan Avenue, Owosso, MI 48867

$250,000

3,512 sqft 0.18 AC lot

Corner-lot property with six one-bedroom apartments, forced-air heat, porches, and sidewalk access.

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Six-Unit Apartment Building

204 Michigan Avenue, Owosso, MI 48867

$250,000

3,512 sqft 0.18 AC lot

Multifamily property with one-bedroom apartments, month-to-month leases, and separately metered electric responsibility for residents.

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Shaker House Apartments For Sale

757 W Shepherd St, Charlotte, MI 48813

$3,499,999

1,000 sqft 1.50 AC lot

46-unit apartment building with value-add potential in growing Charlotte market.

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Shaker House Apartments For Sale

757 W Shepherd Street, Charlotte, MI 48813

$3,499,999

1.50 AC lot

46-unit apartment building in Charlotte, MI with value-add potential.

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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.

HIGH-RISE APARTMENTS

1030 Woodale Ln, Lansing, MI 48917-2085

Value Estimation by Request

149,458 sqft 14.49 AC lot

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Multifamily properties

602 Pennsylvania Ave, Lansing, MI 48912

Value Estimation by Request

0.15 AC lot

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Multifamily properties

0 Delta River Dr, Lansing, MI 48906

Value Estimation by Request

View details

Multifamily properties

0 Michigan Ave, Lansing, MI 48912

Value Estimation by Request

16,088 sqft

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Multifamily properties

321 Butler Blvd, Lansing, MI 48915

Value Estimation by Request

View details

Multifamily properties

804 Legrand Dr, Lansing, MI 48910

Value Estimation by Request

2,600 sqft 0.58 AC lot

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Multifamily properties

5501 Joshua St, Lansing, MI 48911

Value Estimation by Request

13.90 AC lot

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Multifamily properties

4221 Grand River Ave, Lansing, MI 48906

Value Estimation by Request

7,760 sqft

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Multifamily properties

4601 Martin Luther King Jr Blvd, Lansing, MI 48910

Value Estimation by Request

0.51 AC lot

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Lansing, MI Apartment Buildings Market Trends and Statistics

Explore 22 apartment buildings for sale in Lansing, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 95,483 square feet of properties for sale, with an estimated market value of $8,639,300.

Sale prices for two-family homes in Lansing, MI start at $278,000, averaging $959,922, and reaching up to $1,950,000 — 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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Demographics Overview

Population 161K

Population Growth (5Y) +3.3%

Median Household Income $58,292

College Educated 13.8%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
48906	$184K
48915	$349.9K
48912	$975K
48910	$998.2K
48933	$1.8M

Taxes & Financing

Tax Rate (average for all types) 5.48%

Property Tax per SF $86.80 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Ingham County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

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

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Lansing, MI Apartment Buildings for Sale

909 E Jolly Rd, Lansing, MI 48910

401 E Willard Ave, Lansing, MI 48910

916 W Ottawa Street, Lansing, MI 48915

906 E Shiawassee Street Unit 906, Lansing, MI 48912

829 E Shiawassee Street Unit 829, Lansing, MI 48912

1216 N Chestnut St, Lansing, MI 48906

819 Vine Street, Lansing, MI 48912

3501 Simken Drive, Lansing, MI 48910

329-337 S Washington Square, Lansing, MI 48933

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

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

819 Vine Street, Lansing, MI 48912

1115 Dorchester Circle, Lansing, MI 48910

Opportunities in Nearby Cities

204 Michigan Avenue, Owosso, MI 48867

204 Michigan Avenue, Owosso, MI 48867

757 W Shepherd St, Charlotte, MI 48813

757 W Shepherd Street, Charlotte, MI 48813

Off-Market Properties in Lansing, MI

1030 Woodale Ln, Lansing, MI 48917-2085

602 Pennsylvania Ave, Lansing, MI 48912

0 Delta River Dr, Lansing, MI 48906

0 Michigan Ave, Lansing, MI 48912

321 Butler Blvd, Lansing, MI 48915

804 Legrand Dr, Lansing, MI 48910

5501 Joshua St, Lansing, MI 48911

4221 Grand River Ave, Lansing, MI 48906

4601 Martin Luther King Jr Blvd, Lansing, MI 48910

Lansing, MI Apartment Buildings Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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