4601 S Martin Luther King Jr Blvd, Lansing, MI 48910
24-unit apartment complex available for purchase.
- Added:
- Feb 26, 2026
- Days on Market:
- 132
- Last Refresh:
- Jun 22 at 11:44 pm
Property Features for 4601 S Martin Luther King Jr Blvd
General Information
- Standard status
- Active
- Size
- 17,749 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1969
Listing office AQRE Advisors
Listing date Feb 26, 2026
Source Crexi
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 AQRE Advisors
HighLights
- 24 Unit Apartment Complex presents a multi‑family investment opportunity.
- Established property with potential for rental income.
- Existing structure built in 1969.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.0k | $15.72 |
| − Vacancy | −$17.3k | −$0.97 |
| EGI | $261.7k | $14.75 |
| − OpEx | −$117.8k | −$6.64 |
| NOI | $143.9k | $8.11 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.567057
- Latitude
- 42.687573
