Four-Unit Ranch Duplex
For Sale
$299,000
2112 Ferrol St, Lansing, MI 48910
Ranch-style units provide individual utilities, in-unit laundry, dedicated mechanical systems, and carport parking.
Property Size2,658 SF
Price / SF$112.49
Days on Market46
Property Features for 2112 Ferrol St
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
in-unit laundry
carports
Building Details
Construction
ranch
Listing Agency:
Achieve Real Estate LLC
(517) 258-0589
Listed By:
David Hall · License #6502433100
(517) 712-8329
Source:
Exprealty
Added: Aug 22
Changed: Sep 14
Last Checked: Oct 4 at 2:22PM
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 Achieve Real Estate LLC
Investment Insights
Based on property information with market context.
This four-unit duplex property includes four ranch-style residences, each configured with two bedrooms and one bathroom. The combined property size is 2,658 SF. Every unit has in-unit laundry, separate gas and electric service, an individual furnace, an individual water heater, and a carport. Tenants are responsible for their own trash service.
Three units are occupied, while the fourth is scheduled for move-in on 9/11/2026. The rental license remains valid through 8/1/2029, and the property conforms to local zoning codes. The units are located at 2112, 2114, 2116, and 2118 Ferrol St in Lansing, Michigan.
Three units are occupied, while the fourth is scheduled for move-in on 9/11/2026. The rental license remains valid through 8/1/2029, and the property conforms to local zoning codes. The units are located at 2112, 2114, 2116, and 2118 Ferrol St in Lansing, Michigan.
Key Highlights
- Four 2‑bedroom, 1‑bath ranch units offered together
- 2,658 SF combined property size
- In‑unit laundry, separate gas and electric, individual furnaces, and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,007
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,140
$480.1K
Cap Rate 7%
$342,957
$343.0K
Cap Rate 9%
$266,744
$266.7K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$36.7K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.3K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.0K $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%
$480,140
Cap Rate 7%
$342,957
Cap Rate 9%
$266,744
Alternative Uses
Best Use
Multifamily LT 5
$343.0K
$300.1K – $400.1K
NOI $24,007 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$307.9K
$269.5K – $359.3K
NOI $21,556 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$547.1K
$478.7K – $638.3K
NOI $38,299 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
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
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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 - Ranch-style units provide individual utilities, in-unit laundry, dedicated mechanical systems, and carport parking.
Where is this duplex located?
The property is located at 2112 Ferrol St Lansing, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath ranch units offered together; 2,658 SF combined property size; In‑unit laundry, separate gas and electric, individual furnaces, and water heaters
