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Three-Unit Triplex Rental Property
For Sale
$170,000

621 N Walnut Street, Lansing, MI 48933

Resid/Multi-Family, Lansing, MI

Property SizeContact for details
Lot Size0.08 Acres
Days on Market49

Property Features for 621 N Walnut Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description Zoning
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4
Parking 4
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 N ON N WALNUT
Standard status Active
APN 33-01-01-16-104-121
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S 45.86 FT OF E 79 FT LOT 1 BLOCK 61 ORIG PLAT
Legal Description S 45.86 FT OF E 79 FT LOT 1 BLOCK 61 ORIG PLAT

Utilities

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

Building Details

Year built 1903
Floors in Building 2
Number of units 3
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Keller Williams Realty Lansing
Listed By: Morgan Meredith · License #6501422310
Added: Jul 13 Changed: Aug 27 Last Checked: Aug 30 at 2:06PM
MLS# 297536

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 three-unit residential property at 621 N Walnut Street includes a mix of bedrooms and bathrooms across the building, with a porch and parking lot on the 0.08-acre parcel. Built in 1903, the property features vinyl siding, a shingle roof, natural-gas forced-air heating, a water heater, public water, and public sewer.

Unit 1 is occupied on a month-to-month basis, while Unit 2 has a lease extending through April 30, 2027. Unit 3 is also rented. The property is positioned near downtown Lansing, shopping, restaurants, and major highways, placing everyday services and regional transportation within the surrounding area.

Key Highlights

  • Three‑unit triplex at 621 N Walnut Street, Lansing, MI 48933
  • 0.08‑acre parcel with parking lot and porch
  • Unit 2 leased through April 30, 2027

Property Analytics

Current Use

Triplexes

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

3
Residential units
Yes
Highway access

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?
Triplex - 1903 property with public utilities, natural-gas forced-air heat, vinyl siding, and on-site parking.
Where is this triplex located?
The property is located at 621 N Walnut Street Lansing, MI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Three‑unit triplex at 621 N Walnut Street, Lansing, MI 48933; 0.08‑acre parcel with parking lot and porch; Unit 2 leased through April 30, 2027
More about this property
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