Renovated 5-Unit Apartment
For Sale
$349,900
819 Vine Street, Lansing, MI 48912
Completely renovated 5-unit building with a basement studio and one-bed, one-bath layouts in each unit.
Property Size5,316 SF
Price / SF$65.82
Days on Market361
Property Features for 819 Vine Street
General Information
Standard status
Active
Size
5,316 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
5
Amenities
3
Parking. Corner Lot.
5 Parking Spaces. Asphalt, Lot.
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Corner.
Building Details
Year Built
1918
Tenancy
Multi
Listing Agency:
Apex Appraisal Company LLC
(517) 290-5100
Listed By:
Benjamin Parker
(517) 290-5100
Source:
Xome
Added: Aug 4, 2025
Changed: Jul 26
Last Checked: Jul 30 at 4:01AM
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 Apex Appraisal Company LLC
Investment Insights
Based on property information with market context.
This renovated 5-unit apartment building includes a basement studio unit and five one-bedroom, one-bath units. The interior has been completely renovated, and the property has a new high-efficiency boiler and water heater. The ownership structure also includes landlord-paid water, sewer, and heat, while tenants pay electric.
The property is located near the University of Michigan Sparrow, Neogen, and the Stadium District. It is being offered as a turnkey investment with current rents described as being at the low end of the market, along with recent updates already completed.
Each unit is configured with one bedroom and one bathroom, providing a consistent tenant layout across the building. The offering notes potential for additional income through a possible 6th unit.
The property is located near the University of Michigan Sparrow, Neogen, and the Stadium District. It is being offered as a turnkey investment with current rents described as being at the low end of the market, along with recent updates already completed.
Each unit is configured with one bedroom and one bathroom, providing a consistent tenant layout across the building. The offering notes potential for additional income through a possible 6th unit.
Key Highlights
- Completely renovated 5‑unit building (built in 1918) with a studio unit in the basement
- Each unit offers a one‑bedroom, one‑bath layout
- New high‑efficiency boiler and water heater
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Completely renovated 5-unit building with a basement studio and one-bed, one-bath layouts in each unit.
Where is this apartment building located?
The property is located at 819 Vine Street Lansing, MI.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Completely renovated 5‑unit building (built in 1918) with a studio unit in the basement; Each unit offers a one‑bedroom, one‑bath layout; New high‑efficiency boiler and water heater
