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Three-Unit Property with Balcony
For Sale
$169,000
Pending

200 Lathrop Street, Lansing, MI 48912

Resid/Multi-Family, Lansing, MI

Property SizeContact for details
Lot Size0.12 Acres
Days on Market33

Property Features for 200 Lathrop Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description Zoning
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Parking 4
Parking features Garage, Off Street, On Street
Window features Blinds
Patio and Porch features Porch
Exterior features Balcony, Private Entrance, Rain Gutters
Fencing Chain Link
Basement Concrete, Block
Appliances Water Heater, Gas Water Heater
Subdivision Harrahs
Lot features Back Yard, City Lot, Few Trees, Front Yard, Level, Near Public Transit, Rectangular Lot, Corner Lot
Elementary school district Lansing
Middle school district Lansing
High school district Lansing
Directions EAST ON MICHIGAN AVE, RIGHT ON LATHROP.CORNER OF EUREKA AND LATHROP.
Standard status Pending
APN 33-01-01-15-406-211
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description LOT 13 HARRAHS ADD
Legal Description LOT 13 HARRAHS ADD

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Natural Gas, Forced Air, Central
Cooling system Central Air
Water source Public

Amenities

front porch
balcony
attached storage

Building Details

Year built 1909
Floors in Building 2
Number of units 3
Flooring type Linoleum, Carpet, Vinyl
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Keller Williams Realty Lansing
Listed By: Leticia Santibanez · License #6501448021
Added: Aug 6 Changed: Sep 2 Last Checked: Sep 7 at 10:06PM
MLS# 298308

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 triplex contains two one-bedroom, one-bath residences and a third residence with two bedrooms and one bath. The first two units feature front porches, while the third has a private side entry and balcony. The property also includes attached storage, a garage, off-street and on-street parking, chain-link fencing, and vinyl siding. Central air and natural-gas forced-air heat serve the building, which was constructed in 1909.

Located at 200 Lathrop Street in Lansing, the property is near Sparrow, Frandor, Old Town, and MSU4. Public water and sewer are available, along with cable service. Exterior features include rain gutters and a shingle roof.

Key Highlights

  • Three‑unit layout with two 1BR/1BA residences and one 2BR/1BA residence
  • All 3 units are rented with annual income of $30,600
  • 0.12‑acre lot at 200 Lathrop Street, Lansing, MI 48912

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Daycare Center HVAC Service Computer & Electronic Repair Real Estate Agency

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

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,733
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - All three residences are leased and served by public water and sewer.
Where is this triplex located?
The property is located at 200 Lathrop Street Lansing, MI.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Three‑unit layout with two 1BR/1BA residences and one 2BR/1BA residence; All 3 units are rented with annual income of $30,600; 0.12‑acre lot at 200 Lathrop Street, Lansing, MI 48912
More about this property
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