Two-Unit Duplex with
For Sale
$124,900
1120 Alsdorf Street, Lansing, MI 48910
One residence is vacant while the other is occupied, offering flexibility for an owner-occupant or rental operator.
Property Size1,342 SF
Days on Market353
Property Features for 1120 Alsdorf Street
General Information
Standard status
Active
Size
1,342 SF
Property subtype
Multi-Family
Amenities
Cable Ready
Forced Air
Natural Gas
Water Heater
Porch, High Speed Internet Available, Cable Available, Shingle
Building Details
Building Size
1,342 SF
Year Built
1912
Listing Agency:
RE/MAX Real Estate Professionals
Listed By:
Timothy Sabrosky
(517) 285-3017
Source:
Kw
Added: Oct 18, 2025
Changed: Oct 4
Last Checked: Oct 5 at 5:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
Built in 1912, this duplex contains two residential units with functional interiors and natural light. One unit is currently vacant, while the second is occupied, creating a property configuration that supports either owner occupancy with rental income or continued use as a two-unit rental asset. Interior systems include forced-air heating, natural gas service, and a water heater. Cable readiness and high-speed internet availability are also noted, while the exterior includes a porch and shingle construction.
The property is located on Alsdorf Street in Lansing, near shopping, restaurants, and public transportation. The combination of two units, differing occupancy status, and established residential improvements provides a straightforward format for evaluating both personal use and income-producing operation.
The property is located on Alsdorf Street in Lansing, near shopping, restaurants, and public transportation. The combination of two units, differing occupancy status, and established residential improvements provides a straightforward format for evaluating both personal use and income-producing operation.
Key Highlights
- Two‑unit duplex built in 1912
- One unit vacant and one unit occupied
- Forced‑air heating and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,884
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,680
$217.7K
Cap Rate 7%
$155,486
$155.5K
Cap Rate 9%
$120,933
$120.9K
Market Conditions
NOI Build-Up for 1,342 SF
Gross rent
$21.1K $15.72/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$19.8K $14.75/SF
− OpEx
−$8.9K −$6.64/SF
NOI
$10.9K $8.11/SF
Area
Lansing, MI
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,680
Cap Rate 7%
$155,486
Cap Rate 9%
$120,933
Alternative Uses
Best Use
Multifamily LT 5
$173.2K
$151.5K – $202.0K
NOI $12,121 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$155.5K
$136.1K – $181.4K
NOI $10,884 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$276.2K
$241.7K – $322.3K
NOI $19,337 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 48910, MI
33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant while the other is occupied, offering flexibility for an owner-occupant or rental operator.
Where is this duplex located?
The property is located at 1120 Alsdorf Street Lansing, MI.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1912; One unit vacant and one unit occupied; Forced‑air heating and natural gas
