Building Details

Year Built 1872

Units 4

Listing Agency: Keller Williams Realty lansing-East

Listed By: Tom Barrett · License #MI 6501422144

Source: Crexi

Added: Jan 23, 2025 Changed: Aug 26 Last Checked: Sep 1 at 7:18PM

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Investment Insights

Based on property information with market context.

This four-unit multifamily property is located near Sparrow Hospital and Lansing Eastern. The property includes one three-bedroom unit, two one-bedroom units, and one studio unit. The building features a newer boiler.

Key Highlights

• Prime location near Sparrow Hospital and Lansing Eastern.
• Diverse unit mix: 3‑bedroom, 1‑bedroom (x2), and studio.
• Newer boiler for energy efficiency and low maintenance.

Property Analytics

Property Profile

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Nail Salon (Bike/Boat/Book/etc) Store Electrical Service Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,912

Businesses Nearby

Explore this area Business Placement

Demographics for 48912, MI

17,155

Population

9,064

Households

1.9

Avg Household Size

34

Median Age

40%

College-Educated

91%

High-School Grad

5.2 sq mi

ZIP Area

3,299

Density / Sq Mi

$53,072

Median Household Income

$34,598

Median Earnings

$1,037

Median Rent

$139,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Four-unit property near Sparrow Hospital and Lansing Eastern.

Where is this quadplex located?

The property is located at 602 N Pennsylvania Ave Lansing, MI.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Prime location near Sparrow Hospital and Lansing Eastern.; Diverse unit mix: 3‑bedroom, 1‑bedroom (x2), and studio.; Newer boiler for energy efficiency and low maintenance.