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Two-Unit Duplex with Vacant Units
For Sale
$130,000

1143 Farrand Street, Lansing, MI 48906

Vacant two-bedroom residences offer flexible occupancy for an owner or newly selected tenants.

Property SizeContact for details
Days on Market83

Property Features for 1143 Farrand Street

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

Security System
Forced Air
Gas Water Heater
Patio, Porch, Shingle

Building Details

Year Built 1908
Listing Agency: Five Star Real Estate - Potterville
Listed By: Zachary Soderberg · License #6506046937
Source: Kw
Added: Jun 21 Changed: Sep 10 Last Checked: Sep 9 at 8:48PM

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 Five Star Real Estate - Potterville

Investment Insights

Based on property information with market context.

This duplex contains two separate residences, each configured with two bedrooms and one bathroom. The interiors are described as clean and orderly, and both units are currently vacant. The property also includes a compact yard that requires limited upkeep.

Located at 1143 Farrand Street in Lansing’s Northtown district, the duplex is near schools, shopping, the downtown stadium, a hospital, Groesbeck Golf Course, and Michigan State University. The existing vacancy allows an owner-occupant or incoming landlord to determine the next tenancy for each unit.

Key Highlights

  • Two‑unit duplex with 2 bedrooms and 1 bathroom per residence
  • Both units are vacant at 1143 Farrand Street
  • 1,400 SF property size

Property Analytics

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Current Use

Home Apartment Complex

Suggested Use

Top Pick Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Nail Salon Catering Service Florist

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

478
Businesses Nearby

Demographics for 48906, MI

25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Vacant two-bedroom residences offer flexible occupancy for an owner or newly selected tenants.
Where is this duplex located?
The property is located at 1143 Farrand Street Lansing, MI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per residence; Both units are vacant at 1143 Farrand Street; 1,400 SF property size
More about this property
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