Lease-Expiring Income
For Sale
$409,000
1954-1964 E Saginaw Highway, East Lansing, MI 48823
MULTI_FAMILY - East Lansing, MI
Lot Size1.61 Acres
Days on Market69
Property Features for 1954-1964 E Saginaw Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 4
Parking
4
Elementary school district
Haslett
Middle school district
Haslett
High school district
Haslett
Standard status
Active
APN
33-02-02-03-101-001
Lot size
1.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
M3-7 THAT PT OF NW FRL 1/4 OF NW FRL 1/4 LYING NW OF M-78 HWY, SEC 3, T4NR1W 3A.
Tax Annual Amount
14300
Legal Description
M3-7 THAT PT OF NW FRL 1/4 OF NW FRL 1/4 LYING NW OF M-78 HWY, SEC 3, T4NR1W 3A.
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1940
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
616 Realty LLC
(616) 272-3707
Listed By:
Jer-Waun Kirkland
(616) 258-3103
Added: May 26
Changed: Jul 27
Last Checked: Aug 2 at 10:06AM
MLS# 26024752
Copyright © 2026 Michigan Regional Information Center, LLC. 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 for-sale income duplex features two fully rented homes on a 1.61-acre parcel. Both properties are currently occupied under leases that expire in August, offering an owner-occupant or investor the flexibility to adjust the setup at that time. One home was custom built in 2022, and the second has been extensively updated.
The site provides 555.24 feet of frontage on E M-78 in East Lansing and is located within the Haslett School District. The seller has already received township approval for an additional structure with up to 5 more units, supporting an expansion plan beyond the existing duplex.
Convenient to shopping, highways, dining, and Michigan State University, the property is being offered with a 48-hour notice required for showings.
The site provides 555.24 feet of frontage on E M-78 in East Lansing and is located within the Haslett School District. The seller has already received township approval for an additional structure with up to 5 more units, supporting an expansion plan beyond the existing duplex.
Convenient to shopping, highways, dining, and Michigan State University, the property is being offered with a 48-hour notice required for showings.
Key Highlights
- Income property with two fully rented homes; leases expiring in August
- 1.61‑acre parcel with 555.24 ft of frontage on E M‑78
- Haslett School District
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two fully rented homes on a 1.61-acre parcel with long E M-78 frontage and August lease expirations.
Where is this duplex located?
The property is located at 1954-1964 E Saginaw Highway East Lansing, MI.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Income property with two fully rented homes; leases expiring in August; 1.61‑acre parcel with 555.24 ft of frontage on E M‑78; Haslett School District
