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For sale
  • $345,000

    1038 Marigold Ave, East Lansing, MI 48823

    5beds
    1,221sqft
    : 
    $2,849/mo
    Get pre-qualified
    Single Family Residence
    Built in 1948
    0.28 Acres Lot
    $334,800 Zestimate®
    $283/sqft
    $-- HOA

    What's special

    Detached one-car garageDual drivewaysVinyl sidingFive bedroomsNewer roofGenuine outdoor spaceAndersen windows
    Steps from Breslin | Class IV Licensed · Five Bedrooms · Leased Through August 2027 A well-positioned income property in one of East Lansing's most reliably leased corridors — a five-minute walk southwest of the Breslin Center, placing occupants within easy reach of campus, arena events, and the Grand River corridor. The residence is licensed Class IV for five unrelated occupants, with all five bedrooms situated above grade — a meaningful distinction that speaks to both compliance and livability. Two full baths serve the home, and dual driveways deliver the kind of parking capacity that proves its worth on game days and eases the practical friction of a full house. The property is currently leased through August 2027, delivering immediate income during the transition of ownership and vacant possession thereafter — timing that suits a buyer acquiring the home for a student occupant beginning the fall 2027 term, with a year of rental income in the interim. The exterior has been maintained with an eye toward long-term durability: vinyl siding, Andersen windows, and a newer roof combine to reduce the deferred-maintenance burden that so often accompanies properties in this market. A detached one-car garage offers additional storage or a secured parking space. Behind the home, an expansive and partially fenced backyard provides genuine outdoor space — an amenity rarely found this close to campus, and one that distinguishes the property in a competitive leasing field. For the investor or family-purchasing buyer seeking a proven configuration in a location that leases itself, this is a compelling opportunity. Call for your private tour.
    13 days
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    312
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    24
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    Zillow last checked:

    Listing updated:

    Listed by:

    Rob Buffington 517-300-3637,

    White Pine Sotheby's International Realty 517-777-8224

    Source: Greater Lansing AOR,MLS#: 298453MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: First
      • Area: 240 Square Feet
      • Dimensions: 12 x 20
      Bedroom 2
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom 3
      • Level: Second
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom 4
      • Level: Second
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Bedroom 5
      • Level: Second
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Dining room
      • Level: First
      • Area: 0 Square Feet
      • Dimensions: 0 x 0
      Kitchen
      • Level: First
      • Area: 100 Square Feet
      • Dimensions: 10 x 10
      Living room
      • Level: First
      • Area: 180 Square Feet
      • Dimensions: 12 x 15
      Heating
      • Hot Water
      Cooling
      • None
      Appliances
      • Included: Refrigerator
      • Laundry: None
      Features
      • Basement: Full
      Interior area
      • Total structure area: 2,078
      • Total interior livable area: 1,221 sqft
      • Finished area above ground: 1,221
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Detached, Garage
      Features
      • Levels: One and One Half
      • Stories: 1.5
      Lot
      • Size: 0.28 Acres
      • Dimensions: 66 x 183
      Details
      • Foundation area: 1039
      • Parcel number: 33200124101021
      • Zoning description: Zoning

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      Condition
      • Year built: 1948

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: East Lansing

      Financial & listing details

      • Price per square foot: $283/sqft
      • Tax assessed value: $134,600
      • Annual tax amount: $5,256
      • Date on market: 8/13/2026
      • Listing terms: VA Loan,Cash,Conventional,FHA

        Estimated market value

        $334,800

        $318,000 - $352,000

        $2,456/mo

        Price history

        DateEventPrice
        8/13/2026Listed for sale$345,000+43.8%$283/sqft
        Source: Greater Lansing AOR #298453 Report a problem
        7/14/2026Sold$240,000$197/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,045 +6.6%$134,600 +3.9%
        2024$4,734 $129,600 +11.1%
        2023-- $116,600 +14.7%
        2022-- $101,700 +2.7%
        2021-- $99,000
        2020-- $99,000 +18.1%
        2019$4,384 $83,800 +3.1%
        2018$4,384 $81,300 +1.1%
        2017-- $80,400
        2016-- $80,400 -2.8%
        2015-- $82,700
        2014-- $82,700 +4.9%
        2013-- $78,800
        2012-- $78,800 -0.1%
        2011-- $78,900
        2010-- $78,900
        2009-- $78,900 +0.1%
        2008-- $78,800 +5.1%
        2007-- $75,000 +2%
        2006-- $73,500 +5%
        2005-- $70,000 +13.8%
        2004-- $61,500 +6.2%
        2003-- $57,900 +5.1%
        2002-- $55,100 +5%
        2001-- $52,500 +5%
        2000-- $50,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Red Cedar

        Getting around

        52 / 100
        Somewhat Walkable
        96 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: East 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.

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