Fully Occupied
For Sale
$339,900
5716 Hughes Rd, Lansing, MI 48911
Four two-bedroom residences provide separate access, parking, and outdoor space.
Property Size3,456 SF
Price / SF$98.35
Days on Market65
Property Features for 5716 Hughes Rd
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,100
Amenities
off-street parking
outdoor space
separate entrances
Building Details
Buildings
1
Listing Agency:
EXP Realty, LLC
(888) 501-7085
Listed By:
Mohamed Abukar · License #6506049101
(517) 505-4915
Source:
Exprealty
Added: Aug 12
Changed: Oct 8
Last Checked: Oct 15 at 1:13AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 3,456-square-foot quadplex contains four leased residences, each arranged with two bedrooms and one full bathroom. Separate entrances serve the units, while off-street parking and outdoor space add practical property features. Tenants pay their own utilities; ownership handles landscaping and trash service.
Located on Hughes Rd in Lansing, MI, the property is configured for residential rental use with all four units currently occupied. The four-unit layout provides a clearly defined multifamily asset with an established tenant base.
Located on Hughes Rd in Lansing, MI, the property is configured for residential rental use with all four units currently occupied. The four-unit layout provides a clearly defined multifamily asset with an established tenant base.
Key Highlights
- Four units, each with 2 bedrooms and 1 full bathroom
- 3,456‑square‑foot quadplex on Hughes Rd in Lansing, MI
- All four units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,215
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,300
$624.3K
Cap Rate 7%
$445,929
$445.9K
Cap Rate 9%
$346,833
$346.8K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$47.7K $13.80/SF
− Vacancy
−$3.1K −$0.90/SF
EGI
$44.6K $12.90/SF
− OpEx
−$13.4K −$3.87/SF
NOI
$31.2K $9.03/SF
Area
Lansing, MI
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,300
Cap Rate 7%
$445,929
Cap Rate 9%
$346,833
Alternative Uses
Best Use
Multifamily LT 5
$445.9K
$390.2K – $520.3K
NOI $31,215 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$400.4K
$350.4K – $467.1K
NOI $28,028 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$711.4K
$622.5K – $830.0K
NOI $49,797 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom residences provide separate access, parking, and outdoor space.
Where is this quadplex located?
The property is located at 5716 Hughes Rd Lansing, MI.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 full bathroom; 3,456‑square‑foot quadplex on Hughes Rd in Lansing, MI; All four units currently leased
