Three-Unit
For Sale
$189,900
5400 S Waverly Rd, Lansing, MI 48911
The property combines two two-bedroom apartments with a one-bedroom unit, each with one bathroom.
Property Size3,000 SF
Price / SF$63.30
Days on Market20
Property Features for 5400 S Waverly Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$36,120
Tenant in Place
Yes
Listing Agency:
Berkshire Hathaway HomeServices
(517) 351-3617
Listed By:
Dana Costello
(517) 712-6624
Source:
Exprealty
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 28 at 9:05AM
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 Berkshire Hathaway HomeServices
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Investment Insights
Based on property information with market context.
This Lansing triplex contains three apartments totaling 3,000 square feet. Two units have two bedrooms and one bathroom apiece; the third has one bedroom and one bathroom. Each apartment is approximately 600 square feet. A roof inspection at one unit found no reported issues, and the water heaters are approximately 10 years old.
Site and maintenance details include an open parcel area west of the building, crushed-concrete driveway work, front-entry handrails, and annual gutter cleaning. Tenants cover their own utilities and trash service. The rental license is scheduled for renewal in 2027.
Site and maintenance details include an open parcel area west of the building, crushed-concrete driveway work, front-entry handrails, and annual gutter cleaning. Tenants cover their own utilities and trash service. The rental license is scheduled for renewal in 2027.
Key Highlights
- Three residential units totaling 3,000 square feet
- Unit mix: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- Each apartment is approximately 600 square feet
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
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Business Placement
Demographics for 48911, MI
40,566
Population
18,069
Households
2.2
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
17.3 sq mi
ZIP Area
2,345
Density / Sq Mi
$54,882
Median Household Income
$36,245
Median Earnings
$933
Median Rent
$136,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines two two-bedroom apartments with a one-bedroom unit, each with one bathroom.
Where is this triplex located?
The property is located at 5400 S Waverly Rd Lansing, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Three residential units totaling 3,000 square feet; Unit mix: two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; Each apartment is approximately 600 square feet
