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Side-by-Side Duplex with Garages
New
For Sale
$299,000

309 Elmwood Rd, Lansing, MI 48917

Two residential units provide separate garages, basements, and generously sized living areas.

Property SizeContact for details
Days on Market3

Property Features for 309 Elmwood Rd

General Information

Standard status Active
Property subtype Investment

Taxes and HOA fees

Annual Taxes $6,346

Building Details

Year Built 1968
Units 2
Listing Agency: The Local Element
Listed By: Bradley W Kidder
Source: Elliman
Added: Aug 19 Changed: Aug 20 Last Checked: Aug 20 at 5:51AM

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 The Local Element

Investment Insights

Based on property information with market context.

This side-by-side duplex contains two 3-bedroom, 1.5-bath residences with approximately 2,516 square feet above grade. Each unit includes an attached one-car garage and a private basement. Main-level layouts feature a living room, eat-in kitchen, half bath, and family room, while the upper levels contain three bedrooms and a full bathroom. Flooring has been updated through much of the property, and major mechanical systems in one unit were improved in recent years. Constructed in 1968, the property combines a practical two-story configuration with separate household spaces.

Located at 309 Elmwood Rd in Waverly, the duplex offers access to shopping, restaurants, highways, and everyday amenities within the Lansing area. One unit is occupied and the other is vacant, providing distinct existing and future occupancy conditions for an owner-occupant or investor.

Key Highlights

  • Two side‑by‑side 3‑bedroom, 1.5‑bath units
  • Approximately 2,516 square feet above grade
  • Each unit has an attached one‑car garage and private basement

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Parking Lot & Garage Grocery & Convenience Store Kitchen & Bath Showroom Electrical 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.

Location Intelligence

Trade Area within ½ mile

732
Businesses Nearby

Demographics for 48917, MI

32,679
Population
15,975
Households
2
Avg Household Size
41
Median Age
40%
College-Educated
94%
High-School Grad
24.0 sq mi
ZIP Area
1,362
Density / Sq Mi
$73,259
Median Household Income
$47,739
Median Earnings
$1,085
Median Rent
$211,300
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units provide separate garages, basements, and generously sized living areas.
Where is this duplex located?
The property is located at 309 Elmwood Rd Lansing, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two side‑by‑side 3‑bedroom, 1.5‑bath units; Approximately 2,516 square feet above grade; Each unit has an attached one‑car garage and private basement
More about this property
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