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2-Unit Duplex
New
For Sale
$100,000

228 S Pennsylvania Ave, Lansing, MI 48912

Separate electric and water meters serve the two residential units.

Property Size1,273 SF
Price / SF$78.55
Days on Market7

Property Features for 228 S Pennsylvania Ave

General Information

Standard status Active
Size 1,273 SF
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence needs some work

Site & Location

Neighborhood Green Oaks Neighborhood Association
Road Access Yes

Units

Multifamily Units 2
Individually Metered Utilities electricity, water

Building Details

Buildings 1
Listing Agency: Achieve Real Estate LLC
Listed By: Troy D DeLong · License #6501433066
Source: Exprealty
Added: Oct 26 Changed: Oct 30 Last Checked: Oct 30 at 2:14PM

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

Rey
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Investment Insights

Based on property information with market context.

This 1,273-square-foot duplex has one residence on the lower level and another above. Heating includes central heat and radiant baseboard systems, and each unit has separate electric and water meters. The property needs work, presenting a renovation project rather than a move-in-ready building.

The home is in Lansing, near Downtown Lansing and University of Michigan Health-Sparrow Hospital. Driveway access comes from a side street, providing off-street parking access.

Key Highlights

  • Two residential units: one on the lower level and one on the upper level
  • 1,273 square feet
  • Separate electric and water meters

Property Analytics

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Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,893
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Separate electric and water meters serve the two residential units.
Where is this duplex located?
The property is located at 228 S Pennsylvania Ave Lansing, MI.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Two residential units: one on the lower level and one on the upper level; 1,273 square feet; Separate electric and water meters
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