12-Unit Multifamily Workforce
For Sale
Contact for pricing
3501 Simken Drive, Lansing, MI 48910
Twelve-unit multifamily property offered for sale in Lansing, Michigan.
Property Size11,598 SF
Price / SF$70.27
Days on Market125
Property Features for 3501 Simken Drive
General Information
Standard status
Active
Size
11,598 SF
Class
C
Property subtype
Multifamily
Occupancy
84%
Investment Type
Core
Net Operating Income
$67,073
Additional Details
Multifamily Units
12
Building Details
Year Built
1966
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
NAI Mid-Michigan
(517) 599-6846
Listed By:
David Robinson · License #MI 6502386052
Source:
Crexi
Added: Apr 30
Changed: Aug 31
Last Checked: Aug 31 at 9:29AM
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 NAI Mid-Michigan
Investment Insights
Based on property information with market context.
3501 Simken Drive is a 12-unit multifamily property offered for sale. The asset is positioned for long-term tenancy, supported by a workforce-housing framing in the provided remarks.
The property is located on a quiet, tree-lined cul-de-sac in Southeast Lansing, with immediate access to parks, schools, and daily conveniences as stated in the listing.
This residential income building presents a straightforward scale of 12 units within a calm residential setting.
The property is located on a quiet, tree-lined cul-de-sac in Southeast Lansing, with immediate access to parks, schools, and daily conveniences as stated in the listing.
This residential income building presents a straightforward scale of 12 units within a calm residential setting.
Key Highlights
- 12‑unit multifamily property for sale at 3501 Simken Dr, Lansing, MI
- Located on a quiet, tree‑lined cul‑de‑sac in Southeast Lansing
- Workforce housing investment opportunity in a stable, workforce‑driven submarket
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 48910, MI
33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit multifamily property offered for sale in Lansing, Michigan.
Where is this apartment building located?
The property is located at 3501 Simken Drive Lansing, MI.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 12‑unit multifamily property for sale at 3501 Simken Dr, Lansing, MI; Located on a quiet, tree‑lined cul‑de‑sac in Southeast Lansing; Workforce housing investment opportunity in a stable, workforce‑driven submarket
