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Walden Woods Apartment Building
For Sale
Contact for pricing
Pending

2345 N Harrison Rd, East Lansing, MI 48823

Multifamily property with one- and two-bedroom units located 2 miles from Michigan State University.

Property SizeContact for details
Days on Market142

Property Features for 2345 N Harrison Rd

General Information

Standard status Pending
Property subtype Multifamily
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 6:59PM

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.

Walden Woods is a 30-unit apartment property in East Lansing, with residences configured as 25 one-bedroom units and five two-bedroom units. The units average 533 square feet, providing a compact multifamily layout suited to both conventional and student housing, as supported by the existing unit mix.

The property is positioned at Harrison Road and Lake Lansing Road, approximately 2 miles north of Michigan State University’s Brody Hall and the Kellogg Conference Center. Access to Highway 127 adds a direct regional connection, while the site’s location places it within the East Lansing market and near the university campus.

Key Highlights

  • 30‑unit apartment property
  • Unit mix includes 25 one‑bedroom units and five two‑bedroom units
  • Average unit size of 533 SF

Property Analytics

Current Use

Walden Woods Apartments Real Estate Agency

Suggested Use

Top Pick Hair Salon HVAC Service Parking Lot & Garage Daycare Center Electrical Service Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

859
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 - Multifamily property with one- and two-bedroom units located 2 miles from Michigan State University.
Where is this apartment building located?
The property is located at 2345 N Harrison Rd East Lansing, MI.
What are key features of this property?
This property features: 30‑unit apartment property; Unit mix includes 25 one‑bedroom units and five two‑bedroom units; Average unit size of 533 SF
More about this property
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