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Duplex with Full Basements

429/427 Franklynn Drive, Lansing, MI 48917

For Sale
New
$275,000

Resid/Multi-Family, Lansing, MI

Property SizeContact for details
Lot Size0.38 Acres
Days on Market6

Property Features for 429/427 Franklynn Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Zoning
Bedrooms 4
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 3
Parking 4
Parking features Garage, Carport, Off Street, Open, Driveway
Spa 1
Window features Insulated Windows
Patio and Porch features Porch
Exterior features Courtyard, Private Yard
Fencing Chain Link
Basement Full, Block, Sump Pump, Concrete
Accessibility Accessible Approach with Ramp
Appliances Gas Water Heater
Lot features Back Yard, Few Trees, Level
Elementary school Delta Center Elementary School
Elementary school district Grand Ledge
Middle school district Grand Ledge
High school district Grand Ledge
Directions 429 Franklin Dr. takes approximately 10 mins from I-496 W
Standard status Active
APN 23-040-048-700-360-00
Lot size 0.38 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description LOT 36. FRANK'N DOT MEADOWS NO.1, T4N,R3W, DELTA TWP
Legal Description LOT 36. FRANK'N DOT MEADOWS NO.1, T4N,R3W, DELTA TWP

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1979
Floors in Building 1
Number of units 2
Flooring type Carpet, Tile, Linoleum
Building materials Vinyl Siding
Roof type Shingle
Architectural style Ranch
Listing Agency: Coldwell Banker Professionals-Delta · Coldwell Banker Real Estate
Listed By: Melissa Jane Smith · License MI #6501304053
Added: Nov 9 Changed: Nov 10 Last Checked: Nov 13 at 11:06PM
MLS# 300452

Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1979, this ranch-style duplex has two residences, each with two bedrooms, one bathroom, and a full basement. The property also includes a two-car garage, a porch, and a fenced yard. Interior finishes include carpet, tile, and linoleum, with forced-air heat and central air conditioning.

The 0.38-acre property is in the Grand Ledge school district and near shopping and services in Grand Ledge. Public water and sewer serve the property.

Key Highlights

  • Two residences, each with 2 bedrooms and 1 bathroom
  • Full basement in each residence
  • Two‑car garage

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

464
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Lansing

Jul
Aug
Sep
Oct

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 - Both residences have two bedrooms, one bathroom, and a ranch-style layout.
Where is this duplex located?
The property is located at 429/427 Franklynn Drive Lansing, MI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Full basement in each residence; Two‑car garage
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