Great investment opportunity, in the heart of East Lansing! Spacious duplex offers a class 3 license on each side (2 unrelated or family). 1504 is leased through July 31, 2018 1506 is not currently leased and is perfect for owner occupied or easily rented out as investment. Property is currently using management company. This is an opportunity that you won't want to miss! Seller will pay $4000 towards new roof at closing.
Sold for $305,000
Street View
$305,000
1504 Melrose Ave, East Lansing, MI 48823
6beds
2,300sqft
MultiFamily
Built in 1957
-- sqft lot
$326,600 Zestimate®
$133/sqft
$1,700 Estimated rent
Home value
$326,600
$291,000 - $366,000
$1,700/mo
Zestimate® history
Owner options
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$1,700/mo
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$1,700/mo
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Refinance and save
$2,136/mo
Est. payment
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$2,136/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- None, Forced air
Features
- Flooring: Other
- Basement: Basement (not specified)
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,300 sqft
Property
Parking
- Parking features: Carport
Features
- Exterior features: Other
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: 33200217112001
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Crawl/Raised
- Roof: Asphalt
Condition
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Location
- Region: East Lansing
Financial & listing details
- Price per square foot: $133/sqft
- Tax assessed value: $128,300
- Annual tax amount: $7,878
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2025 | Sold | $305,000+97.3%$133/sqft |
Source: Public Record Report a problem | ||
| 6/22/2018 | Sold | $154,560-3.3%$67/sqft |
Source:  Greater Lansing AOR #224901 Report a problem | ||
| 4/10/2018 | Listed for sale | $159,900$70/sqft |
Source: East Lansing #224901 Report a problem | ||
| 1/11/2018 | Pending sale | $159,900$70/sqft |
Source: Berkshire Hathaway HomeServices Tomie Raines #218876 Report a problem | ||
| 10/6/2017 | Price change | $159,900-3%$70/sqft |
Source: East Lansing #218876 Report a problem | ||
| 9/19/2017 | Price change | $164,900-5.7%$72/sqft |
Source: East Lansing #218876 Report a problem | ||
| 8/8/2017 | Listed for sale | $174,900$76/sqft |
Source: Berkshire Hathaway HomeServices Tomie Raines #218876 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,878 +3.9% | $128,300 +4.3% |
| 2024 | $7,582 | $123,000 +9.6% |
| 2023 | -- | $112,200 +13% |
| 2022 | -- | $99,300 +2.8% |
| 2021 | -- | $96,600 |
| 2020 | -- | $96,600 +6.4% |
| 2019 | $5,428 | $90,800 +3.1% |
| 2018 | $5,428 | $88,100 +1% |
| 2017 | -- | $87,200 |
| 2016 | -- | $87,200 +8.2% |
| 2015 | -- | $80,600 |
| 2014 | -- | $80,600 +4.9% |
| 2013 | -- | $76,800 |
| 2012 | -- | $76,800 -5.2% |
| 2011 | -- | $81,000 |
| 2010 | -- | $81,000 |
| 2009 | -- | $81,000 -0.9% |
| 2008 | -- | $81,700 +10% |
| 2007 | -- | $74,300 +2.1% |
| 2006 | -- | $72,800 +6% |
| 2005 | -- | $68,700 +6% |
| 2004 | -- | $64,800 +6.2% |
| 2003 | -- | $61,000 +5% |
| 2002 | -- | $58,100 +6% |
| 2001 | -- | $54,800 +5% |
| 2000 | -- | $52,200 |
Find assessor info on the county website
Neighborhood: Southeast Marble
Nearby homes
- $--2 bd1 ba1k sqft1504 Melrose Ave #1506, East Lansing, MI 48823Off Market
- $241,9003 bd2 ba1.1k sqft512 N Hagadorn Rd, East Lansing, MI 48823Off Market
- $310,0004 bd2 ba1.6k sqft1524 Melrose Ave, East Lansing, MI 48823Sold
- $225,5003 bd1 ba1.4k sqft1509 Melrose Ave, East Lansing, MI 48823Off Market
- $--4 bd2 ba1.6k sqft1524 Melrose Ave #4, East Lansing, MI 48823Off Market
- $290,0004 bd2 ba1.7k sqft502 N Hagadorn Rd, East Lansing, MI 48823Sold
- $265,3003 bd2 ba1.4k sqft1530 Melrose Ave, East Lansing, MI 48823Off Market
- $357,6005 bd7 ba1.5k sqft540 N Hagadorn Rd, East Lansing, MI 48823Off Market
Nearby schools
GreatSchools rating
- 8/10Marble SchoolGrades: PK-5Distance: 0.3 mi
- 7/10MacDonald Middle SchoolGrades: 6-8Distance: 0.3 mi
- 9/10East Lansing High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: East Lansing
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$326,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$326,600
- Michigan
- Ingham County
- East Lansing
- 48823
- Southeast Marble
- 1504 Melrose Ave
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Nearby neighborhoods
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