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Highland Apartment Building
For Sale
Contact for pricing
Pending

224 Highland Ave, East Lansing, MI 48823

58-unit community positioned for conventional and student-oriented housing near Michigan State University.

Property SizeContact for details
Days on Market141

Property Features for 224 Highland Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 136

Building Details

Buildings 3
Listing Agency: Berkadia Commercial Mortgage Southfield
Listed By: Michael McClafferty · License #Michigan, 6501421721
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 4:46PM

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 Berkadia Commercial Mortgage Southfield

Investment Insights

Based on property information with market context.

Highland Apartments is a 58-unit multifamily property in East Lansing, with unit layouts intended to accommodate both conventional and student-oriented housing. The property averages 584 square feet per unit, providing a compact residential configuration within an established apartment setting.

The community is situated between Michigan State University’s Brody Hall and Frandor Shopping Center. Its East Lansing location places the property within the area’s university-centered housing market and near a major retail destination.

Key Highlights

  • 58‑unit apartment community in East Lansing
  • Average unit size of 584 SF
  • Suitable for conventional and student housing

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Daycare Center Kitchen & Bath Showroom Carpet & Flooring Store Grocery & Convenience Store Furniture & Home Goods

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

136
Residential units

Location Intelligence

Trade Area within ½ mile

985
Businesses Nearby

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

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

What type of property is this?
Apartment building - 58-unit community positioned for conventional and student-oriented housing near Michigan State University.
Where is this apartment building located?
The property is located at 224 Highland Ave East Lansing, MI.
What are key features of this property?
This property features: 58‑unit apartment community in East Lansing; Average unit size of 584 SF; Suitable for conventional and student housing
More about this property
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