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3-Unit Rental Property

621 N Walnut Street Lansing, MI 48933

New

621 N Walnut Street, Lansing, MI, 48933

$180,000

For Sale

$180,000

MULTI_FAMILY - Lansing, MI

Lot Size0.08 Acres

AddedJul 13

Days on Market2

Last RefreshJul 14 at 4:06 pm

Property Features for 621 N Walnut Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 3
Rooms: Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 3
Parking: 4
Parking features: Parking Lot
Spa: 1
Patio and Porch features: Porch
Basement: Full
Appliances: Water Heater
Standard status: Active
APN: 33-01-01-16-104-121
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

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 agent Morgan Meredith License #6501422310

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

Listing date Jul 13, 2026

MLS# 297536 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.

This well-maintained three-unit rental property offers an income-producing layout with three separate units. Unit 1 is currently rented on a month-to-month basis. Unit 2 is leased through April 30, 2027. Unit 3 is also generating rental income. The property configuration supports straightforward multi-tenant ownership for an investor, with the added flexibility that Unit 1 is not tied to a fixed lease term.

The property is located close to downtown Lansing and is near shopping, restaurants, and major highways, providing convenient access to everyday destinations.

Income details reported for the units include monthly rents of $825 for Unit 1, $825 for Unit 2, and $700 for Unit 3.

Key Highlights

3‑unit rental property with month‑to‑month income in Unit 1 at $825/month
Unit 2 leased through April 30, 2027 at $825/month for long‑term rental stability
Unit 3 rents for $700/month

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

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For sale
Triplexes
MI
Lansing
48933
621 N Walnut Street

What type of property is this?

Triplex - Well-maintained three-unit rental property with one month-to-month unit and two income streams under existing leases.

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 $180,000.

What are key features of this property?

This property features: 3‑unit rental property with month‑to‑month income in Unit 1 at $825/month; Unit 2 leased through April 30, 2027 at $825/month for long‑term rental stability; Unit 3 rents for $700/month

621 N Walnut Street Lansing, MI 48933

MULTI_FAMILY - Lansing, MI

Property Features for 621 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

Duplex with Two Rental Units

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