Property profile

602 Pennsylvania Ave Lansing, MI 48912

OFF-MARKET
Multifamily properties
0.15 ac lot Built 1872
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Property summary

AI-generated overview

This occupied four-unit multifamily building is located approximately two blocks from U of M Health – Sparrow Hospital. The property consists of one three-bedroom unit, two one-bedroom units, and one efficiency unit. The building sits on a 0.15-acre lot and has a history of tenant occupancy with long-term tenants. A boiler replacement was recently completed, and the property is being offered in an as-is condition. The location places the property near medical facilities, public transit, and local amenities.

Property profile

Verified
Property type Multifamily properties
Year built 1872
Lot 0.15 ac (6,534 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

602 Pennsylvania Ave Lansing, MI 48912
Lansing metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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