529 Cherry Street, Lansing, MI 48933
Original of Lansing · Ingham County
Key Facts
Description
Welcome to 529 Cherry Street, a well-maintained two-unit investment property located in Lansing's historic district. This fully leased multi-family offers immediate income potential and strong rental appeal. The main level (Unit A) features a one-bedroom layout with a spacious living room complete with a fireplace, a nicely appointed kitchen with included appliances, in-unit laundry, and a generous bedroom. The upper unit spans the second and third floors, offering a spacious one-bedroom layout plus an impressive loft space on the third level. This unit includes a comfortable living area and kitchen, 1.5 Bathrooms with laundry conveniently located in the basement. Each unit is separately metered, with tenants responsible for gas, electric, water, and sewer. The landlord covers lawn care, snow removal, and trash service. The property also includes a dedicated parking pad accommodating up to four vehicles—an added convenience for tenants. A solid opportunity for investors looking to add a fully occupied property in a desirable rental location—schedule your showing today!
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1906
Living Area
1,280 sq ft
Lot Size
0.11 acres
Lot Dimensions
37.1x66
Parking Spaces
4
Days on Market
111
MLS® Listing#
294596
Property Features
- Appliances:
- Water Heater
- Cooling:
- Central Air
- Heating:
- Forced Air, Natural Gas, Separate Meters
- Flooring:
- Carpet, Vinyl, Wood
- Basement:
- Full
- Parking:
- No Garage, Parking Pad
- Laundry:
- Laundry Room, Lower Level, Main Level
- Patio:
- Front Porch
- Fencing:
- Back Yard
- Lot Features:
- Back Yard
- Construction:
- Wood Siding
- Foundation:
- Brick/Mortar
- Roof:
- Shingle
- Utilities:
- Cable Available
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Assessed Value:
- $46,498
- Parcel #:
- 33-01-01-16-457-071
Directions
E on W. St.Joseph North on S Grand Ave. E on Hillsdale St. North on Cherry St. Property on the East Side
Affordability Calculator
$34,000
Estimated monthly payment
$905/mo
Principal $136,000 · Est. interest $189,732 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lansing, MI
- 37
- Median Days on Market
- 1,380
- Median Sq Ft
- $129
- Median Price / Sq Ft
- 541
- Active Listings
- Its price per sq ft is 3% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lansing, MI.
Location
- 529 Cherry Street, Lansing, MI 48933
Nearby Schools
Michigan Association of Non-Public Schools
School · 0.3 mi away
Lansing School District
School · 0.5 mi away
Lansing Board of Education
School · 0.5 mi away
Little Scholars Preparatory School
School · 0.7 mi away
Presbyterian Church
Elementary · 0.7 mi away
Bingham Elementary School
Elementary · 0.8 mi away
Communities in Schools of Michigan
School · 1.0 mi away
Resurrection School
School · 1.1 mi away
Riddle Elementary School
Elementary · 1.1 mi away
Emanuel Lutheran Child Care-Wels
Elementary · 1.3 mi away
Emanuel First Lutheran Church
School · 1.3 mi away
Mt Hope Elementary School
Elementary · 1.3 mi away
Lansing Catholic High School
Secondary · 1.3 mi away
Cacs Head Start
School · 1.4 mi away
Eastern High School
Secondary · 1.5 mi away
Pattengill Middle School
School · 1.5 mi away
Mid-Michigan Leadership Academy
School · 1.5 mi away
J.W. Sexton High School
Secondary · 1.5 mi away
Grand River Elementary School
Elementary · 1.6 mi away
Michigan Early Elementary Center
Elementary · 1.6 mi away
Commute Calculator
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Listing Courtesy: Five Star Real Estate - Lansing - 5175070068
Presented by: Cindy Beckwith