215 Winifred Avenue Lansing, MI 48917
MULTI_FAMILY - Ranch - Lansing, MI
- Added:
- May 27, 2026
- Days on Market:
- 49
- Last Refresh:
- Jul 14 at 8:06 am
Property Features for 215 Winifred Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 2
- Parking
- 4
- Parking features
- Garage
- Spa
- 1
- Patio and Porch features
- Porch
- Standard status
- Active Under Contract
- APN
- 23-040-068-002-370-00
- Size
- 1,560 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 237. OAK PARK SUBD NO.1. T4N,R3W, DELTA TWP
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Spring
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Sherree Anne Zea License #6501402485 (517) 927-1503
Listing office Coldwell Banker Professionals-Delta 447 N Canal, Okemos, MI (517) 321-1000
Listing date May 27, 2026
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.
Key Highlights
- Two homes on one lot: each has 780 SF, 2 bedrooms, and 1 bath
- Ranch‑style property with a covered porch and a 1‑car attached garage
- Heating: forced air with natural gas; cooling: central air
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.5k | $13.80 |
| − Vacancy | −$1.4k | −$0.90 |
| EGI | $20.1k | $12.90 |
| − OpEx | −$6.0k | −$3.87 |
| NOI | $14.1k | $9.03 |
