Lansing, MI Apartment Buildings for Sale

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East Lansing, MI Dewitt, MI Holt, MI

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Updated: Feb 26

24-Unit Apartment Complex For Sale

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

$2,166,240

17,749 sqft

24 Unit Apartment Complex presents a multi‑family investment opportunity.
Established property with potential for rental income.
Existing structure built in 1969.

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This listing looks promising.

Here's a quick look at some key insights for

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

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Est. Cap Rate

6.6%
Above avg (5.9%)
Est. NOI

$144K
Annual
Price @ 7% Cap

$2.06M
Suggested
Property Type

Multi-Family Dwellings
Built 1969

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Updated: Apr 24

Downtown Lansing Mixed-Use Asset

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

$1,800,000

2,800 sqft

Prime downtown Lansing mixed‑use asset.
Long‑term lease anchor tenant.
Hard corner visibility on S. Washington Square.
Features 9 residential apartment units.
Includes 2 commercial tenants.

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Mixed-Use Building in Old Town

1031 N Washington Ave, Lansing, MI 48906

$285,000

2,727 sqft

Historic mixed-use property with office and residential units.

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Multifamily Investment Opportunity in Lansing

3501 Simken Drive |, Lansing, MI 48910

$795,000

7,732 sqft

Multifamily property with 12 units in a desirable Lansing location.

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Lansing Multifamily Investment Opportunity

909 E Jolly Rd, Lansing, MI 48910

$999,700

11,215 sqft

South Lansing apartment building with upside rental increase potential.

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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 Five-Unit Apartment Building

819 Vine Street Unit 819, Lansing, MI 48912

$349,900

5,316 sqft

Completely renovated five-unit building with a basement studio; landlord covers water, sewer, and heat while tenants pay electric.

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 7 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.

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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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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Laingsburg Mixed-Use Investment Property

252 E Grand River Road, Laingsburg, MI 48848

$165,000

1,800 sqft · 0.07 AC lot

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

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Mixed-Use Property in Downtown Laingsburg

252 E Grand River Road, Laingsburg, MI 48848

$165,000

2,400 sqft · 0.07 AC lot

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

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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.

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

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

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Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$699,900

1.33 AC lot

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

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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

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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

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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 16 apartment buildings for sale in Lansing, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 65,507 square feet of properties for sale, with an estimated market value of $8,671,840.

Sale prices for two-family homes in Lansing, MI start at $278,000, averaging $963,537, 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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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	$281.5K
48912	$359.9K
48910	$1.2M
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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