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Occupied Duplex with Basement
For Sale
$129,000

2729 N Martin Luther King Jr Boulevard, Lansing, MI 48906

Two one-bedroom residences share a full basement, laundry area, storage, parking, and a spacious yard.

Property SizeContact for details
Days on Market196

Property Features for 2729 N Martin Luther King Jr Boulevard

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Gross Income $21,600

Amenities

off street parking
full basement with laundry and storage
spacious yard
Cable Ready
Forced Air
Natural Gas
Gas Water Heater
Porch, High Speed Internet Available, Cable Available, Shingle

Building Details

Year Built 1924
Listing Agency: Century 21 Affiliated
Listed By: Senada Pargan
Source: Kw
Added: Mar 5 Changed: Sep 17 Last Checked: Sep 16 at 8:21PM

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 Century 21 Affiliated

Investment Insights

Based on property information with market context.

This 1924 duplex contains two residences, each arranged with one bedroom, one full bathroom, a kitchen, and living space. A full basement adds laundry and storage, while the property also includes off-street parking and a spacious yard. Interior features include forced-air heating, natural gas service, a gas water heater, cable readiness, and high-speed internet availability. Exterior improvements include a porch and shingle siding.

The property is located on N Martin Luther King Jr Boulevard in Lansing, near downtown. Shopping, dining, major employers, Lansing Community College, Michigan State University, and Capital Region International Airport are identified among the surrounding destinations. Both units are occupied by a long-term family that would like to remain.

Key Highlights

  • Duplex built in 1924 with two one‑bedroom, one‑bathroom units
  • Full basement with laundry and storage space
  • Off‑street parking and spacious yard

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant HVAC Service

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

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby

Demographics for 48906, MI

25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
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
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Frequently Asked Questions

What type of property is this?
Duplex - Two one-bedroom residences share a full basement, laundry area, storage, parking, and a spacious yard.
Where is this duplex located?
The property is located at 2729 N Martin Luther King Jr Boulevard Lansing, MI.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: Duplex built in 1924 with two one‑bedroom, one‑bathroom units; Full basement with laundry and storage space; Off‑street parking and spacious yard
More about this property
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