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Sold
  • $140,000

    1037 Bement St, Lansing, MI 48912

    6beds
    2baths
    2,048sqft
    2 to 4 Units
    Built in 1909
    -- sqft lot
    $161,900 Zestimate®
    $68/sqft
    $1,311 Estimated rent

    Home value

    $161,900

    $144,000 - $180,000

    $1,311/mo

    Zestimate® history
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    $1,031/mo

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    $1,031/mo

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    What's special

    Gas metersFresh paint
    This purpose-built side-by-side duplex is designed for investor profitability located just 5-minutes from Lansing College. Each unit boasts separate electrical and gas meters (paid by tenants), ensuring efficiency and ease of management. Both units have undergone recent upgrades in 2023 and 2024, including new carpeting, fresh paint, and hot water heaters. With a solid rental history and market rents of $1100+ per month per unit (a total of $2200 for both units), this duplex promises a steady stream of income. Unit 1101 is leased at $1000/month. Schedule a viewing now and seize the chance to own this lucrative duplex!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sandi L Gentry 616-638-3900,

    RE/MAX Lakeshore

    Bought with:

    Ricardo S Cottengim, 6501449911

    Cody & Co.

    Source: MichRIC,MLS#: 24014343MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    Heating
    • Forced Air
    Features
    • Basement: Crawl Space,Michigan Basement
    Interior area
    • Total interior livable area: 2,048 sqft

    Property

    Parking
    • Total spaces: 2
    Lot
    • Size: 4,791 sqft
    • Dimensions: 39.5 x 120
    • Features: Level
    Details
    • Parcel number: 33010115378141

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1909

    Utilities & green energy

    • Sewer: Public Sewer
    • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

    Community & neighborhood

    Location
    • Region: Lansing

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/19/2024Sold$140,000$68/sqft
    Source: Public Record Report a problem
    5/10/2024Sold$140,000+3.8%$68/sqft
    Source: MichRIC #24014343 Report a problem
    3/27/2024Pending sale$134,900$66/sqft
    Source: MichRIC #24014343 Report a problem
    3/26/2024Listed for sale$134,900-1.2%$66/sqft
    Source: MichRIC #24014343 Report a problem
    11/3/2022Listing removed--
    Source: Zillow Rental Network Premium_1 Report a problem
    11/2/2022Listed for rent$1,175+14.6%$1/sqft
    Source: Zillow Rental Network Premium_1 Report a problem
    7/25/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    6/15/2022Listed for rent$1,025-2.4%$1/sqft
    Source: Zillow Rental Manager Report a problem
    1/12/2022Sold$136,500+1.2%$67/sqft
    Source: Public Record Report a problem
    11/23/2021Pending sale$134,900$66/sqft
    Source: Greater Lansing AOR #261082 Report a problem
    11/10/2021Price change$134,900-3.6%$66/sqft
    Source: Greater Lansing AOR #261082 Report a problem
    10/19/2021Listed for sale$139,900+366.3%$68/sqft
    Source: Greater Lansing AOR #260565 Report a problem
    4/27/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    2/16/2021Listed for rent$1,050$1/sqft
    Source: Zillow Rental Manager Report a problem
    2/4/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    1/11/2021Price change$1,050-12.5%$1/sqft
    Source: Zillow Rental Manager Report a problem
    12/30/2020Listed for rent$1,200$1/sqft
    Source: Zillow Rental Manager Report a problem
    11/19/2014Sold$30,000$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,217 +6.2%$67,500 +15.6%
    2024$3,971 $58,400 +23.7%
    2023-- $47,200 +14%
    2022-- $41,400 +13.1%
    2021-- $36,600 +10.2%
    2020-- $33,200 +4.7%
    2019$1,971 $31,700 +34.3%
    2018$1,971 +7.7%$23,600
    2017$1,829 $23,600 +1.7%
    2016$1,829 $23,200 +2.2%
    2015$1,829 $22,700 -0.4%
    2014$1,829 $22,800 -2.1%
    2013-- $23,300 -9.3%
    2012-- $25,700 -12%
    2011-- $29,200 -14.1%
    2010-- $34,000 -9.8%
    2009-- $37,700 -8.9%
    2008-- $41,400 +2.7%
    2007-- $40,300 +2.3%
    2006-- $39,400 +15.2%
    2005-- $34,200 +9.3%
    2004-- $31,300 +17.2%
    2003-- $26,700 +19.2%
    2002-- $22,400 +14.3%
    2001-- $19,600 +6.5%
    2000-- $18,400

    Find assessor info on the county website

    Neighborhood: Bingham

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $161,900
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    Estimated market value
    $161,900