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Upgraded Duplex with Coin Laundry
For Sale
$140,000

1601 Bailey Street, Lansing, MI 48910

MULTI_FAMILY - Lansing, MI

Lot Size0.11 Acres
Days on Market153

Property Features for 1601 Bailey Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Zoning
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking 2
Parking features Garage, Driveway
Patio and Porch features Porch
Exterior features Private Entrance
Basement Concrete, Full, Block
Elementary school district Lansing
Middle school district Lansing
High school district Lansing
Directions Take Cedar to Baker To Bailey
Standard status Active
APN 33-01-01-22-351-091
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 15 BLOCK 1 ASSESSORS PLAT NO 28 REC L 10 P 33
Legal Description LOT 15 BLOCK 1 ASSESSORS PLAT NO 28 REC L 10 P 33

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1908
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Home Towne Real Estate
Listed By: Tina Batterson · License #6501414494
Added: Feb 27 Changed: Jul 28 Last Checked: Jul 30 at 4:06PM
MLS# 294168

Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This fully upgraded duplex includes a new rear stairway that provides easy access to the second unit. The property also features a coin-operated laundry facility onsite. The upper unit is currently renting for $700, and the lower unit is currently occupied at $1,024.

Located at 1601 Bailey Street in Lansing, Michigan (Ingham County), the building sits on a 0.11-acre lot.

With two separate units and on-site laundry, the property is positioned as a straightforward income-producing duplex option for investors.

Key Highlights

  • Two‑unit multi‑family with upper unit renting for $700 and lower unit renting for $1,024
  • New rear stairway provides easy access to the second unit
  • Coin‑operated laundry facility on site

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Bakery Accounting Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

616
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?
Duplex - Fully upgraded duplex with coin-operated laundry and a new rear stairway for second-unit access.
Where is this duplex located?
The property is located at 1601 Bailey Street Lansing, MI.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑unit multi‑family with upper unit renting for $700 and lower unit renting for $1,024; New rear stairway provides easy access to the second unit; Coin‑operated laundry facility on site
More about this property
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