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Duplex with Vacant Unit
For Sale
Under Contract
$150,000

617 N Walnut Street, Lansing, MI 48933

Resid/Multi-Family, Lansing, MI

Property SizeContact for details
Lot Size0.90 Acres
Days on Market50

Property Features for 617 N Walnut Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Zoning
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking 2
Parking features Parking Lot
Spa 1
Patio and Porch features Porch
Basement Full
Appliances Water Heater
Lot features Back Yard, City Lot, Front Yard
Elementary school district Lansing
Middle school district Lansing
High school district Lansing
Directions W SAGINAW TO SOUTH ON N WALNUT
Standard status Active Under Contract
APN 33-01-01-16-104-111
Lot size 0.90 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description N 1/2 OF E 120 FT LOT 2 BLOCK 61 ORIG PLAT
Legal Description N 1/2 OF E 120 FT LOT 2 BLOCK 61 ORIG PLAT

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1890
Floors in Building 2
Number of units 2
Flooring type Hardwood
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Keller Williams Realty Lansing
Listed By: Morgan Meredith · License #6501422310
Added: Jul 13 Changed: Aug 19 Last Checked: Aug 31 at 5:06AM
MLS# 297544

Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Lansing duplex presents two residential units within a circa-1890 property on 0.9 acres. One unit is currently occupied, while the other is vacant and can accommodate a new tenant or owner-occupant. Interior features include hardwood flooring, and the building has vinyl siding, a shingle roof, a porch, and a parking lot.

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. Public water and public sewer serve the property, with natural-gas forced-air heating and a water heater in place. The duplex configuration, existing occupancy, and available unit provide a straightforward residential income property format.

Key Highlights

  • Duplex on 0.9 acres at 617 N Walnut Street, Lansing, MI 48933
  • One unit occupied and one unit vacant
  • Built in 1890 with vinyl siding and a shingle roof

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 property with one occupied residence and a second unit available for a new tenant or owner-occupant.
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: Duplex on 0.9 acres at 617 N Walnut Street, Lansing, MI 48933; One unit occupied and one unit vacant; Built in 1890 with vinyl siding and a shingle roof
More about this property
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