Two-Unit Duplex with Rear
812 W Genesee St, Lansing, MI 48915
For Sale
$165,000
Separate entrances and kitchens give each dwelling its own independent living setup.
Property Size1,768 SF
Price / SF$93.33
Days on Market27
Property Features for 812 W Genesee St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
shared basement laundry area
covered front porch
walk-up attic
Building Details
Buildings
Listing Agency:
EXIT Realty Home Partners
(517) 803-2345
Listed By:
Adriana Mirian Lopez-Ellis
(517) 528-2588
Source:
Exprealty
Added: Oct 19
Changed: Nov 11
Last Checked: Nov 12 at 1:23PM
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 EXIT Realty Home Partners
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Investment Insights
Based on property information with market context.
This 1,768-square-foot duplex contains two occupied units, each with a separate entrance, kitchen, and bathroom. The first-floor residence has two bedrooms, hardwood flooring in the living areas, and a covered front porch for its exclusive use. The upper unit has hardwood in its main living areas and a flexible floor plan that can accommodate a third bedroom or a living area with bonus space. A walk-up attic provides storage, and a shared basement houses laundry facilities, with an additional hookup available for the upper unit.
A newer, energy-efficient boiler serves the property, and rear parking accommodates up to four vehicles. Showings require 24 hours’ notice for both units.
A newer, energy-efficient boiler serves the property, and rear parking accommodates up to four vehicles. Showings require 24 hours’ notice for both units.
Key Highlights
- Two occupied units, each with a separate entrance, kitchen, and bathroom
- 1,768 square feet; first‑floor unit has 2 bedrooms
- Upper unit layout can accommodate a third bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,338
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,760
$286.8K
Cap Rate 7%
$204,829
$204.8K
Cap Rate 9%
$159,311
$159.3K
Market Conditions
NOI Build-Up for 1,768 SF
Gross rent
$27.8K $15.72/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$26.1K $14.75/SF
− OpEx
−$11.7K −$6.64/SF
NOI
$14.3K $8.11/SF
Area
Lansing, MI
Vacancy
6.20%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,760
Cap Rate 7%
$204,829
Cap Rate 9%
$159,311
Alternative Uses
Best Use
Multifamily LT 5
$228.1K
$199.6K – $266.2K
NOI $15,969 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$204.8K
$179.2K – $239.0K
NOI $14,338 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$363.9K
$318.4K – $424.6K
NOI $25,475 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
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Business Placement
Demographics for 48915, MI
9,176
Population
4,768
Households
1.9
Avg Household Size
35
Median Age
36%
College-Educated
90%
High-School Grad
1.8 sq mi
ZIP Area
5,098
Density / Sq Mi
$51,653
Median Household Income
$34,460
Median Earnings
$1,087
Median Rent
$112,600
Median Home Value
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Market
Properties on Market for Duplexes in Lansing
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and kitchens give each dwelling its own independent living setup.
Where is this duplex located?
The property is located at 812 W Genesee St Lansing, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two occupied units, each with a separate entrance, kitchen, and bathroom; 1,768 square feet; first‑floor unit has 2 bedrooms; Upper unit layout can accommodate a third bedroom
