612 N Walnut Street, Lansing, MI 48933
Ingham County
Key Facts
Description
Turnkey investment property with rental income! This updated home currently has a tenant in place paying $1,400 per month, with a lease secured through November 15, 2026, offering investors cash flow from day one. Ideally located close to LCC, Quality Dairy, nearby parks, and the Grand River, the property benefits from strong rental demand due to its central location and proximity to local amenities. The home features a traditional floor plan with a bright living room and a spacious dining area, creating an inviting layout that appeals to occupants. An updated kitchen includes durable vinyl flooring and abundant cabinet storage, making it both practical and attractive. Upstairs you'll find all bedrooms, each with neutral paint, comfortable carpeting, and sizable closets, providing functional and appealing living spaces. The basement offers storage potential, while outdoor features include a covered front porch and fenced backyard, adding value and appeal. Don't wait - Inquire today!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Other
Year Built
1875
Living Area
1,320 sq ft
Lot Size
0.09 acres
Lot Dimensions
35 x 113
Garage Spaces
2
Days on Market
100
MLS® Listing#
26008561
Property Features
Interior
Cooling
Heating
Flooring
Basement
Parking
Laundry
Patio
Fencing
Construction
Roof
Utilities
Sewer
Water Source
Schools
- District:
- Lansing
Financial Details
Annual Taxes
$1,965
Tax year 2025
Assessed Value
$37,609
Parcel Number
33-01-01-16-126-022
Affordability Calculator
$23,800
Estimated monthly payment
$633/mo
Principal $95,200 · Est. interest $132,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lansing, MI
- 38
- Median Days on Market
- 1,344
- Median Sq Ft
- $129
- Median Price / Sq Ft
- 535
- Active Listings
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lansing, MI.
Location
Points of Interest in Lansing, MI
Showing the Lansing area map.
Nearby Schools
Communities in Schools of Michigan
School · 0.2 mi away
Emanuel Lutheran Child Care-Wels
Elementary · 0.4 mi away
Emanuel First Lutheran Church
School · 0.4 mi away
Little Scholars Preparatory School
School · 0.4 mi away
Presbyterian Church
Elementary · 0.4 mi away
Cacs Head Start
School · 0.5 mi away
Mid-Michigan Leadership Academy
School · 0.5 mi away
Lansing School District
School · 0.8 mi away
Lansing Board of Education
School · 0.8 mi away
Willow Elementary School
Elementary · 0.8 mi away
Michigan Association of Non-Public Schools
School · 0.8 mi away
Michigan Early Elementary Center
Elementary · 0.8 mi away
Riddle Elementary School
Elementary · 0.9 mi away
Grand River Elementary School
Elementary · 1.2 mi away
Bingham Elementary School
Elementary · 1.2 mi away
J.W. Sexton High School
Secondary · 1.2 mi away
CW Otto Middle School
Elementary · 1.3 mi away
Gier Park School
Elementary · 1.4 mi away
St Therese School
School · 1.4 mi away
Lansing Catholic High School
Secondary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1433 Bailey Street, Lansing, MI | $84,900 | 3 | 2 | 1,120 |
| 1122 Prospect Street, Lansing, MI | $84,900 | 4 | 1 | 1,233 |
| 315 E Mount Hope Avenue, Lansing, MI | $85,000 | 3 | 2 | 1,587 |
| 1612 Hillcrest Street, Lansing, MI | $87,500 | 2 | 2 | 1,268 |
| 1724 Maplewood Avenue, Lansing, MI | $89,900 | 3 | 1 | 1,716 |
| 1001 Raider Street, Lansing, MI | $89,900 | 2 | 1 | 744 |
Moving Cost Estimate
EXIT Agents in Lansing
Listing Courtesy: Trowbridge Realty - 8003310646
Presented by: Stanley Dickson