Duplex with Upper
For Sale
$154,900
1713 Stanley Ct, Lansing, MI 48912
Registered rental near Michigan State University with separate units, basement storage, and a detached-use garage.
Property Size1,344 SF
Price / SF$115.25
Days on Market212
Property Features for 1713 Stanley Ct
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR, 1 x 1BR/1BA
Multifamily Units
2
Amenities
hardwood floors
fireplace
deck
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Professionals-E.L.
(517) 332-5100
Listed By:
Amy Jackson · License #6501394590
(517) 203-8760
Source:
Exprealty
Added: Mar 9
Changed: Sep 15
Last Checked: Oct 4 at 2:24PM
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 Coldwell Banker Professionals-E.L.
Investment Insights
Based on property information with market context.
This 1,344-square-foot duplex contains two distinct residences with different layouts. The main-level unit has two bedrooms, hardwood flooring, and a fireplace. The upper apartment includes one bedroom, one bathroom, a kitchen, and a private deck adjoining the kitchen. A full basement and one-car garage provide additional utility for the property.
The home is located at 1713 Stanley Ct in Lansing, near Michigan State University, UM Sparrow Hospital, Downtown Lansing, restaurants, parks, and everyday services. Its registered-rental status and duplex configuration support both owner-occupancy and income-property use, as stated in the property information.
The home is located at 1713 Stanley Ct in Lansing, near Michigan State University, UM Sparrow Hospital, Downtown Lansing, restaurants, parks, and everyday services. Its registered-rental status and duplex configuration support both owner-occupancy and income-property use, as stated in the property information.
Key Highlights
- Two‑unit duplex totaling 1,344 square feet
- Main‑level residence with 2 bedrooms, hardwood floors, and fireplace
- Upper unit includes 1 bedroom, 1 bathroom, kitchen, and private upper deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,139
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,780
$242.8K
Cap Rate 7%
$173,414
$173.4K
Cap Rate 9%
$134,878
$134.9K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$18.5K $13.80/SF
− Vacancy
−$1.2K −$0.90/SF
EGI
$17.3K $12.90/SF
− OpEx
−$5.2K −$3.87/SF
NOI
$12.1K $9.03/SF
Area
Lansing, MI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$242,780
Cap Rate 7%
$173,414
Cap Rate 9%
$134,878
Alternative Uses
Best Use
Multifamily LT 5
$173.4K
$151.7K – $202.3K
NOI $12,139 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$155.7K
$136.3K – $181.7K
NOI $10,900 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$276.7K
$242.1K – $322.8K
NOI $19,366 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Explore this area
Business Placement
Demographics for 48912, MI
17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Registered rental near Michigan State University with separate units, basement storage, and a detached-use garage.
Where is this duplex located?
The property is located at 1713 Stanley Ct Lansing, MI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,344 square feet; Main‑level residence with 2 bedrooms, hardwood floors, and fireplace; Upper unit includes 1 bedroom, 1 bathroom, kitchen, and private upper deck
