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Brick Triplex With Original Detail
For Sale
$75,000

815 Prospect Street, Lansing, MI 48912

Full-rehabilitation triplex with flexible interior planning and retained hardwood floors and woodwork.

Property Size2,460 SF
Price / SF$30.49
Days on Market35

Property Features for 815 Prospect Street

General Information

Standard status Active
Size 2,460 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $4,756

Amenities

Forced Air, Natural Gas
Full
Yes
Laundry Room

Building Details

Year Built 1903
Construction brick
Listing Agency: Achieve Real Estate LLC
Listed By: David Hall · License #6502433100
Source: Compass
Added: Jul 8 Changed: Aug 11 Last Checked: Aug 11 at 1:14PM

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 Achieve Real Estate LLC

Investment Insights

Based on property information with market context.

Built in 1903, this brick triplex at 815 Prospect Street presents a substantial renovation project with a flexible residential layout. The property was previously arranged as three units and can accommodate up to 8 bedrooms and 3 full baths. Original hardwood flooring, woodwork, and other architectural elements remain in portions of the interior, providing character for a restoration-oriented renovation plan.

The building requires a full rehabilitation, including major mechanical updates. Existing systems and features include forced-air heating, natural gas service, full baths, and a laundry room. Located in Lansing, Michigan’s Eastside redevelopment area, the property offers a sizable framework for reworking the interior configuration while retaining selected original details.

Key Highlights

  • Brick triplex built in 1903
  • Previously configured as 3 units
  • Layout supports up to 8 bedrooms and 3 full baths

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Electrical Service Restaurant Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,843
Businesses Nearby

Demographics for 48912, MI

17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Full-rehabilitation triplex with flexible interior planning and retained hardwood floors and woodwork.
Where is this triplex located?
The property is located at 815 Prospect Street Lansing, MI.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Brick triplex built in 1903; Previously configured as 3 units; Layout supports up to 8 bedrooms and 3 full baths
More about this property
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