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    826 N Walnut St Lansing, MI 48906

    For Sale
    $542,000

    Fully occupied 8-unit building near downtown and Michigan State.

    Property size:
    4,809 SF

    Property Features for 826 N Walnut St

    General Information

    Size
    4,809 SF

    Building Details

    Year built
    1965

    Source: Dave Robinson Agent Dave Robinson

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

    Overview

    Lansing Multifamily Investment Opportunity

    Located in Lansing, MI, this low-rise multifamily property offers an investment opportunity. Constructed in 1965, the building has a total area of 4,809 square feet and includes 8 units. The property is currently 100% occupied, providing a consistent income stream. The unit mix consists of 5 one-bedroom units and 3 two-bedroom units. The building also features a finished garden level. The property is located in the North Walnut neighborhood, near the state Capitol, downtown businesses, and Michigan State University. The area provides tenants with convenient access to dining, retail, and entertainment options in both Old Town and downtown Lansing. Cultural attractions such as the Lansing Art Gallery and Historical Society are also nearby. The location benefits from connectivity to major roadways and public transportation. This property represents an entry point into the multifamily market. Another property is available for purchase as a package.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walnut Flatz Apartment Building

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.556428
    Latitude
    42.743068

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 8-unit building near downtown and Michigan State.
    Where is this apartment building located?
    The property is located at 826 N Walnut St Lansing, MI.
    What is the asking price?
    The asking price for this property is $542,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and stable income stream.; - Strategic Location: Close proximity to the state Capitol, downtown businesses, and Michigan State University.; - 8 Units: Consists of 5 one-bedroom and 3 two-bedroom units.
    (517) 599-6846
    Request Owner's contact information
    826 N Walnut St Lansing, MI 48906
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    Lansing, MI 48906
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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
    826 N Walnut St Lansing, MI 48906
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