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Three-Property Multifamily Portfolio
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1115 Dorchester Circle, Lansing, MI 48910

Three-property, 282-unit multifamily portfolio with two assets located in a State-designated Opportunity Zone.

Property SizeContact for details
Days on Market125

Property Features for 1115 Dorchester Circle

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 282
Listing Agency: Kidder Mathews Carlsbad
Listed By: Chris Armes · License #CA 01379750
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 8:38AM

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 Kidder Mathews Carlsbad

Investment Insights

Based on property information with market context.

JDS Real Estate Services, Inc. in association with Kidder Mathews presents the Lansing Portfolio, a three-property multifamily portfolio totaling 282 units in Lansing, Michigan.

Two of the three assets are located in an area designated by the State as an Opportunity Zone. The portfolio includes over 286,000 square feet of land across the three properties.

The remarks describe the portfolio as offering a stabilized asset value of $17M, along with an opportunity for operational improvement.

Key Highlights

  • Three‑property, 282‑unit multifamily portfolio in Lansing, Michigan
  • Two of the three assets are located on over 286,000 sq. ft of land in a State‑designated Opportunity Zone
  • Stabilized asset value of $17M

Property Analytics

Current Use

Ventnor Flatz Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Skin Care Clinic Kitchen & Bath Showroom

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

282
Residential units

Location Intelligence

Trade Area within ½ mile

229
Businesses Nearby

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

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?
Apartment building - Three-property, 282-unit multifamily portfolio with two assets located in a State-designated Opportunity Zone.
Where is this apartment building located?
The property is located at 1115 Dorchester Circle Lansing, MI.
What are key features of this property?
This property features: Three‑property, 282‑unit multifamily portfolio in Lansing, Michigan; Two of the three assets are located on over 286,000 sq. ft of land in a State‑designated Opportunity Zone; Stabilized asset value of $17M
More about this property
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