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Duplex with Two Rental Units

617 N Walnut Street Lansing, MI 48933

New

For Sale

$150,000

MULTI_FAMILY - Lansing, MI

Lot size:

0.90 Acres

For Sale

$150,000

MULTI_FAMILY - Lansing, MI

Lot size:

0.90 Acres

Added:: Jul 13, 2026
Days on Market:: 2
Last Refresh:: Jul 14 at 10:06 am

Property Features for 617 N Walnut Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1
Parking: 2
Parking features: Parking Lot
Spa: 1
Patio and Porch features: Porch
Basement: Full
Appliances: Water Heater
Standard status: Active
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

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 agent Morgan Meredith License #6501422310

Listing office Keller Williams Realty Lansing 3490 Belle Chase Way, Lansing, MI

Listing date Jul 13, 2026

MLS# 297544 Listing URL

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.

617 N Walnut Street is a duplex in Lansing, offering two separate rental units. One unit is currently vacant and ready for a new tenant or owner-occupant, while the second unit is occupied and generating $975 per month in rental income. The vacant unit has previously rented for $825 per month, giving a clear rent benchmark for future leasing.

The property is positioned conveniently near downtown Lansing, Cooley Law School, the Michigan State Capitol, shopping, restaurants, and major highways.

This two-unit configuration provides flexibility for investors seeking rental income from an occupied unit while bringing the vacant unit back online, or for an owner-occupant looking to live in one unit and lease the other.

Key Highlights

Spacious duplex built in 1890 with forced‑air natural gas heating and shingle roof
Unit 1 previously rented for $825/month and is currently vacant and ready for a new tenant or owner‑occupant
Unit 2 is occupied and generating $975/month in rental income

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
MI
Lansing
48933
617 N Walnut Street

What type of property is this?

Duplex - Duplex with one vacant unit and one occupied unit generating $975 per month in rental income.

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: Spacious duplex built in 1890 with forced‑air natural gas heating and shingle roof; Unit 1 previously rented for $825/month and is currently vacant and ready for a new tenant or owner‑occupant; Unit 2 is occupied and generating $975/month in rental income

617 N Walnut Street Lansing, MI 48933

MULTI_FAMILY - Lansing, MI

Property Features for 617 N Walnut Street

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Freestanding Retail Building with Drive-Thru

Industrial Flex Building with Offices

Freestanding Bank Building with Drive-Thru

Versatile Retail and Office Building

Mixed-Use Office Building with Separate Entrances

Turnkey Industrial Facility

Downtown Lansing Commercial Building

Church Facility with Classroom Spaces

Professional Office Building

Two-Unit Retail Income Property

Two-Story Corporate Office with Hangar

Freestanding Retail Building with Drive-Thru

FAQs