For sale

$249,800

1023 S Pennsylvania Ave, Lansing, MI 48912

--beds

1baths

--sqft

$2,083/mo

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Triplex

Built in 1928

-- sqft lot

$241,600 Zestimate^®

$--/sqft

$-- HOA

What's special

Off-street parking

Established 3-unit multi-family in Lansing's central Holmes Street area, fully occupied and producing steady rental income. Solid 1928-built brick-and-frame building offering approximately 2,305 square feet across three units. Off-street parking. Convenient to Sparrow Hospital, Frandor, and downtown a consistently strong rental location. Great buy-and-hold opportunity. Please do not disturb tenants. Buyer to verify all information. Rents: #1 $899 #2 $850 #3 $700 Property also has a garage that has been previously rented for $300 a month.

22 days

110

1

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 1

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Features

Basement: Full

Interior area

Finished area above ground: 2,305

Property

Parking

Total spaces: 3
Parking features: On Street
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 10,454 Square Feet
Dimensions: 78.5 x 134.4

Details

Parcel number: 33010122130051
Zoning description: Zoning

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Vinyl Siding

Condition

Year built: 1928

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Lansing

Financial & listing details

Tax assessed value: $45,418
Annual tax amount: $3,809
Date on market: 7/29/2026
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$241,600

$230,000 - $254,000

$1,259/mo

Price history

Date	Event	Price
7/29/2026	Listed for sale	$249,800+1565.3%
Source: Greater Lansing AOR #297987 Report a problem
6/29/2017	Sold	$15,000-28.6%
Source: Public Record Report a problem
9/12/2008	Sold	$21,000-82.2%
Source: Public Record Report a problem
12/19/2003	Sold	$118,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,809 +6%	$86,400 +12.8%
2024	$3,592	$76,600 +15%
2023	--	$66,600 +51.4%
2022	--	$44,000 +3.5%
2021	--	$42,500 +4.2%
2020	--	$40,800 +4.9%
2019	--	$38,900 +9.3%
2018	--	$35,600
2017	$544	--
2016	$544	--
2015	$544	$16,053 +19.4%
2014	$544	$13,449 -59.6%
2013	--	$33,300 -7%
2012	--	$35,800 -11.6%
2011	--	$40,500 -10%
2010	--	$45,000 -8.5%
2009	--	$49,200 -7%
2008	--	$52,900 -0.4%
2007	--	$53,100 -1.7%
2006	--	$54,000 +13.9%
2005	--	$47,400 +9%
2004	--	$43,500 +10.1%
2003	--	$39,500 +6.8%
2002	--	$37,000 -3.4%
2001	--	$38,300 +9.4%
2000	--	$35,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: Potter-Walsh

Getting around

63 / 100

Somewhat Walkable

43 / 100

Some Transit

71 / 100

Very Bikeable

Nearby schools

GreatSchools rating

4/10
Lyons School
Grades: PK-4Distance: 1.5 mi
4/10
Pattengill Academy
Grades: PK-8Distance: 1.5 mi
5/10
Eastern High School
Grades: 9-12Distance: 1.3 mi

Schools provided by the listing agent

High: Lansing

Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.