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Multifamily Property with Finished Basement
For Sale
Contact for pricing
Pending

1507-1509 Cambria Drive, East Lansing, MI 48823

Three-bedroom unit with central air, private outdoor space, detached garages, and an appliance-equipped kitchen.

Property SizeContact for details
Days on Market148

Property Features for 1507-1509 Cambria Drive

General Information

Standard status Pending
Property subtype Multifamily

Amenities

fireplace
patio
central air
fully finished basement
laundry room
dishwasher
refrigerator
range hood
cabinets
stove
oven
microwave
private fenced backyard
Listing Agency: Berkshire Hathaway HomeServices Tomie Raines REALTORS
Listed By: Mitra banisafar · License #MI
Source: Crexi
Added: Apr 11 Changed: Sep 2 Last Checked: Sep 1 at 11:00PM

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 Berkshire Hathaway HomeServices Tomie Raines REALTORS

Investment Insights

Based on property information with market context.

This multifamily property includes a three-bedroom unit with 1.5 baths, newer flooring, and a generous living and family room layout. A fireplace adds a defined feature to the main living area, while the kitchen includes a dishwasher, refrigerator, hood, cabinets, stove, oven, and microwave oven. Central air serves the unit, and the fully finished basement provides uncarpeted space along with a laundry room.

Outdoor features include a patio, private fenced backyard, and a spacious driveway with parking for 4+ cars. The property also includes 2 separate detached car garages. A newer furnace and water heater provide additional updated mechanical components. The property is located at 1507-1509 Cambria Drive in East Lansing, MI 48823.

Key Highlights

  • Three‑bedroom unit with 1.5 baths and newer flooring
  • Fully finished large basement with laundry room
  • Kitchen includes dishwasher, refrigerator, hood, stove, oven, cabinets, and microwave oven

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Restaurant Spa & Massage Center Auto Repair Shop Building Supply

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

Location Intelligence

Trade Area within ½ mile

335
Businesses Nearby

Demographics for 48823, MI

51,793
Population
23,757
Households
2.2
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
2,195
Density / Sq Mi
$50,837
Median Household Income
$19,837
Median Earnings
$1,127
Median Rent
$261,100
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?
Multifamily property - Three-bedroom unit with central air, private outdoor space, detached garages, and an appliance-equipped kitchen.
Where is this multifamily property located?
The property is located at 1507-1509 Cambria Drive East Lansing, MI.
What are key features of this property?
This property features: Three‑bedroom unit with 1.5 baths and newer flooring; Fully finished large basement with laundry room; Kitchen includes dishwasher, refrigerator, hood, stove, oven, cabinets, and microwave oven
More about this property
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