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    539 Michigan Ave East Lansing, MI 48823

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    For Sale
    $599,000

    Two fully leased student housing units near Michigan State University.

    Property size:
    2,618 SF

    Property Features for 539 Michigan Ave

    General Information

    Size
    2,618 SF

    Building Details

    Year built
    1952

    Source: Dave Robinson Agent Dave Robinson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Student Housing Investment Opportunity

    This portfolio features two student housing units located at 539 Cornell Avenue and 1100 Michigan Avenue in East Lansing. The properties are fully leased through the 2026 school year, presenting an investment opportunity. 539 Cornell Avenue is a 2-bedroom unit with a new water heater and fresh exterior paint. 1100 Michigan Avenue is a 4-bedroom unit that has been recently cleared of overgrown vegetation and professionally landscaped, with added parking and fresh interior paint. Both properties are newly equipped with sewer lines, furnaces, roofing, and full-size washers and dryers. The total property size is 2618 square feet. These properties can be bought individually.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.541669
    Latitude
    42.733637

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    FAQs

    What type of property is this?
    Duplex - Two fully leased student housing units near Michigan State University.
    Where is this duplex located?
    The property is located at 539 Michigan Ave East Lansing, MI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Fully leased through the 2026 school year, providing immediate rental income.; - Includes two separate student housing units at 539 Cornell Ave and 1100 Michigan Ave.; - Both properties have new sewer lines, furnaces, roofing, and full-size washer/dryers.
    (517) 599-6846
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    East Lansing, MI 48823
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    539 Michigan Ave East Lansing, MI 48823
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