Two Homes on One
215 Winifred Avenue Lansing, MI 48917
For Sale
Under Contract
$275,000
MULTI_FAMILY - Ranch - Lansing, MI
Property Size1,560 SF
Lot Size0.15 Acres
Price / SF$176.28
Days on Market58
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 Agency:
Coldwell Banker Professionals-Delta
(517) 321-1000
Listed By:
Sherree Anne Zea · License #6501402485
(517) 927-1503
Added: May 27
Changed: Jul 6
Last Checked: Jul 23 at 10:06PM
MLS# 296321
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 property features two separate homes on a single 0.15-acre lot. Each home offers 780 square feet of living space, including two bedrooms and one bathroom. The property is located in Lansing, Michigan, within Eaton County, and has a postal code of 48917. The residences are suitable for multi-generational living or potential rental income. Each home includes a charming covered porch and a functional layout. Additional features include a 1-car attached garage and designated driveway space for convenience. The property is eligible for rental licensing.
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
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 |
1,560 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$201.3K
$176.1K – $234.8K
NOI $14,090 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$180.7K
$158.2K – $210.9K
NOI $12,652 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$321.1K
$281.0K – $374.6K
NOI $22,478 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two homes on one lot, investment or multi-generational living.
Where is this duplex located?
The property is located at 215 Winifred Avenue Lansing, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 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
