Listing Agency: Woodworth Commercial Okemos

Listed By: Todd Kosta · License #MI 6501346341 Show Phone

Source: Crexi

Added: Sep 18 Changed: Sep 25 Last Checked: Sep 24 at 2:33PM

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Investment Insights

Based on property information with market context.

This 9-unit apartment property is fully occupied. Eight apartments have two bedrooms, and the building has new water heaters and in-unit updates.

Located at 4823 S Pennsylvania Ave in Lansing, Michigan, the property offers a defined unit count and bedroom mix.

Key Highlights

• 9‑unit apartment property with 100% occupancy
• Eight units have 2 bedrooms
• New water heaters

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Furniture & Home Goods Restaurant

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

9

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

698

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - The property is fully occupied and includes updated in-unit features and new water heaters.

Where is this apartment building located?

The property is located at 4823 S PENNSYLVANIA AVE Lansing, MI.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: 9‑unit apartment property with 100% occupancy; Eight units have 2 bedrooms; New water heaters