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Duplex with Vacant Unit
For Sale
$150,000

617 N Walnut Street, Lansing, MI 48933

Two-unit residential property with one occupied apartment and a second unit available for lease or personal use.

Property Size2,106 SF
Price / SF$71.23
Days on Market50

Property Features for 617 N Walnut Street

General Information

Standard status Active
Size 2,106 SF
Property subtype Residential Income

Additional Details

Multifamily Units 2
Listing Agency: Keller Williams Realty Lansing
Listed By: Morgan Meredith · License #6501422310
Source: Exprealty
Added: Jul 13 Changed: Aug 29 Last Checked: Aug 30 at 6:59PM

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 Keller Williams Realty Lansing

Investment Insights

Based on property information with market context.

This 2,106-square-foot duplex includes two residential units with distinct occupancy positions. One apartment is currently occupied and generating rental income, while the other is vacant and available for a new tenant or owner-occupant. The configuration supports continued rental operations or a live-in arrangement with income from the second unit.

The property is located at 617 N Walnut Street in Lansing, near downtown Lansing, Cooley Law School, the Michigan State Capitol, shopping, restaurants, and major highways.

Key Highlights

  • 2,106‑square‑foot duplex with two residential units
  • One unit is occupied and producing rental income
  • Second unit is vacant and ready for a tenant or owner‑occupant

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Electrical Service Kitchen & Bath Showroom HVAC 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

1,729
Businesses Nearby

Demographics for 48933, MI

2,467
Population
2,103
Households
1.2
Avg Household Size
33
Median Age
35%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
2,467
Density / Sq Mi
$36,895
Median Household Income
$34,549
Median Earnings
$919
Median Rent
$130,200
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-unit residential property with one occupied apartment and a second unit available for lease or personal use.
Where is this duplex located?
The property is located at 617 N Walnut Street Lansing, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,106‑square‑foot duplex with two residential units; One unit is occupied and producing rental income; Second unit is vacant and ready for a tenant or owner‑occupant
More about this property
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