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    Lansing, MI Multifamily Properties for Sale

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    Lansing Multifamily Investment Opportunity
    Updated: Nov 21, 2025
    Lansing Multifamily Investment Opportunity

    909 E Jolly Rd, Lansing, MI 48910

    $999,700
    11,215 sqft
    Prime location near Jolly and Pennsylvania with easy access to I‑96 and US‑127/I‑496, Mejier, retailers, restaurants and banks.
    Excellent investment opportunity with strong rental history and income potential.
    Fully occupied with 100% occupancy.
    Upside rental increase potential.
    Attractive unit layout and design.
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    This listing looks promising.

    Here's a quick look at some key insights for

    909 E Jolly Rd, Lansing, MI 48910

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $91K
      Annual

    • Price @ 7% Cap

      $1.3M
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1963
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    Duplex Residential Income Property
    Updated: May 19
    Duplex Residential Income Property

    4400 Chadburne Drive, Lansing, MI 48911

    $218,000
    0.26 AC lot
    Duplex at 4400 Chadburne Dr in Lansing, MI with two units and public utilities.
    New roof and gutters across all units.
    4400 unit: 2‑bedroom, 1.5‑bath with full basement and attached 2‑car garage; rent $999 ending 8/30/26.
    4402 unit: 3‑bedroom, 1.5‑bath with new carpet and full basement; lease ending 8/30/26 for $875.
    Heating: forced air natural gas; water heater included; roof is shingle.
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    Two Homes on One Lot
    Two Homes on One Lot

    215 Winifred Avenue, Lansing, MI 48917

    $275,000
    1,560 sqft 0.15 AC lot

    Two homes on one lot, investment or multi-generational living.

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    Charming Lansing Multi-Living Home
    Charming Lansing Multi-Living Home

    223 E Hillsdale Street, Lansing, MI 48933

    $119,900
    0.11 AC lot

    Versatile 5BR home in historic district, ideal for investors.

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    Multifamily Investment Opportunity in Lansing
    Multifamily Investment Opportunity in Lansing

    3501 Simken Drive |, Lansing, MI 48910

    $795,000
    7,732 sqft

    Multifamily property with 12 units in a desirable Lansing location.

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    Duplex with Two Rental Units
    Duplex with Two Rental Units

    617 N Walnut Street, Lansing, MI 48933

    $150,000
    0.90 AC lot

    Duplex with one vacant unit and one occupied unit generating $975 per month in rental income.

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    Updated Duplex Income Property
    Updated Duplex Income Property

    4733 S Pennsylvania Avenue, Lansing, MI 48910

    $229,900
    0.02 AC lot

    Well-maintained duplex with both units updated, including remodeled baths and newer mechanical systems.

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    Tenant-Occupied Duplex with Garage
    Tenant-Occupied Duplex with Garage

    1006 S Pennsylvania Avenue, Lansing, MI 48912

    $149,000
    0.21 AC lot

    Duplex with two tenant-occupied units, a fenced yard, and detached garage, with recent roof and window improvements.

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    Downtown Lansing Mixed-Use Asset
    Downtown Lansing Mixed-Use Asset

    329-337 S Washington Sq 329-337, Lansing, MI 48933

    $1,800,000
    2,800 sqft

    Mixed-use property with residential and commercial units in downtown Lansing.

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    Income-Generating Triplex in Lansing, MI
    Income-Generating Triplex in Lansing, MI

    217 N Butler Boulevard, Lansing, MI 48915

    $160,000
    0.12 AC lot

    Three units with separate utilities near LCC and downtown Lansing.

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    3-Unit Rental Property
    3-Unit Rental Property

    621 N Walnut Street, Lansing, MI 48933

    $180,000
    0.08 AC lot

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

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    Historic Firehouse with Mixed Use
    Historic Firehouse with Mixed Use

    230 Bingham Street, Lansing, MI 48912

    $339,900
    4,631 sqft 0.19 AC lot

    Remodeled firehouse offering office space and two residential units, including one currently rented.

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    Upgraded Duplex with Coin Laundry
    Upgraded Duplex with Coin Laundry

    1601 Bailey Street, Lansing, MI 48910

    $140,000
    0.11 AC lot

    Fully upgraded duplex with coin-operated laundry and a new rear stairway for second-unit access.

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    Remodeled Firehouse with Living Units
    Remodeled Firehouse with Living Units

    230 Bingham Street, Lansing, MI 48912

    $339,900
    4,631 sqft

    Remodeled firehouse with office and residential units for sale.

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    Income-Producing Duplex Near MSU
    Income-Producing Duplex Near MSU

    1713 Stanley Court, Lansing, MI 48912

    $154,900
    0.09 AC lot

    Registered rental duplex near Michigan State University and downtown Lansing.

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    Lansing Multi-Unit Property For Sale
    Lansing Multi-Unit Property For Sale

    4414 S Martin Luther King Jr Boulevard, Lansing, MI 48910

    $119,999
    0.45 AC lot

    Two-unit property with garage and large yard, potential for conversion.

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    Multifamily Property with Seven Units
    Multifamily Property with Seven Units

    1216 N Chestnut St, Lansing, MI 48906

    $278,000
    1,824 sqft

    Seven units, renovated in 2023, excellent investment opportunity.

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    Upstairs/Downstairs Duplex Investment
    Upstairs/Downstairs Duplex Investment

    1021 Hickory Street, Lansing, MI 48912

    $115,000
    0.74 AC lot

    Upstairs/downstairs duplex with split water meters, a new high-efficiency furnace, and updated mechanical/plumbing permits.

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    Renovated Five-Unit Apartment Building
    Renovated Five-Unit Apartment Building

    819 Vine Street Unit 819, Lansing, MI 48912

    $349,900
    5,316 sqft

    Completely renovated five-unit building with a basement studio; landlord covers water, sewer, and heat while tenants pay electric.

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    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    329-337 S Washington Square, Lansing, MI 48933

    $1,891,900

    Mixed-use property with nine loft-style apartments and ground-floor retail, plus 11 on-site parking spaces.

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    24-Unit Apartment Complex For Sale
    24-Unit Apartment Complex For Sale

    4601 S Martin Luther King Jr Blvd, Lansing, MI 48910

    $2,166,240
    17,749 sqft

    24-unit apartment complex available for purchase.

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    Updated Duplex on Double Lot
    Updated Duplex on Double Lot

    1006 S Pennsylvania Ave, Lansing, MI 48912

    $149,000

    Multi-unit property with updated unit, immediate income, and new roof.

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    Two-Unit Property with Garage
    Two-Unit Property with Garage

    4414 S MARTIN LUTHER KING JR Blvd, Lansing, MI 48910

    $119,999

    Two-unit property with attached garage and large backyard.

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    Established Multifamily Property in Lansing
    Established Multifamily Property in Lansing

    1006 Attwood Dr, Lansing, MI 48911

    $199,900
    0.22 AC lot

    Multifamily property built in 1970 with recent upgrades.

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    Lansing, MI Multifamily Properties Market Trends and Statistics

    Explore 38 multifamily properties for sale in Lansing, MI, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 57,458 square feet of properties for sale, with an estimated market value of $7,343,640.

    Sale prices for multifamily properties in Lansing, MI start at $275,000, averaging $815,960, and reaching up to $2,166,240 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 14
    Apartment buildings 8
    Quadplexes 2
    Triplexes 2

    Demographics Overview

    Population 161K
    Population Growth (5Y) +3.3%
    Median Household Income $58,292
    College Educated 13.8%

    High-Yield Neighborhoods for Investment

    Identify Lansing submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48915 $160K
    48911 $214K
    48912 $256.4K
    48917 $275K
    48906 $281.5K

    Taxes & Financing

    Tax Rate (average for all types) 5.48%
    Property Tax per SF $86.80 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ingham County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lansing fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Lansing, MI

    • 48910
    • 48912
    • 48933
    • 48911
    • 48906
    • 48915
    • 48917

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