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Updated Duplex with Rental License
For Sale
$229,900

4733 S Pennsylvania Avenue, Lansing, MI 48910

Two updated units offer flexible occupancy terms, newer systems, and access to nearby university, retail, dining, and transit options.

Property SizeContact for details
Days on Market41

Property Features for 4733 S Pennsylvania Avenue

General Information

Standard status Active
Property subtype Multi Family Home

Additional Details

Public Transit Yes
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $5,289

Building Details

Year Built 1980
Buildings 1
Units 2
Listing Agency: Executive Brokers Residential and Commercial Real Estate
Listed By: Clifford Risner · License #6502432896
Source: Erareardonrealty
Added: Jul 22 Changed: Aug 28 Last Checked: Aug 28 at 11:31AM

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 Executive Brokers Residential and Commercial Real Estate

Investment Insights

Based on property information with market context.

Built in 1980, this duplex at 4733 S Pennsylvania Avenue includes two updated residential units with newer appliances, washers and dryers, hot water heaters, electric baseboard heating systems, and thermostats. Both bathrooms have been remodeled, while flooring improvements include vinyl plank upstairs and tile downstairs with new vinyl plank in the lower bathroom.

The upper unit has newer windows and is leased month-to-month. The lower unit is occupied under a lease extending through March 2027. A new sewer line was installed in 2023, and the property has a newly issued rental license valid for three years. The duplex is near Michigan State University, shopping, dining, public transportation, and major employers.

Key Highlights

  • Two‑unit duplex at 4733 S Pennsylvania Avenue
  • New sewer line installed in 2023
  • Newly issued rental license valid for three years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Furniture & Home Goods Grocery & Convenience Store Catering 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

Location Intelligence

Trade Area within ½ mile

698
Businesses Nearby

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

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 updated units offer flexible occupancy terms, newer systems, and access to nearby university, retail, dining, and transit options.
Where is this duplex located?
The property is located at 4733 S Pennsylvania Avenue Lansing, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit duplex at 4733 S Pennsylvania Avenue; New sewer line installed in 2023; Newly issued rental license valid for three years
More about this property
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