1954-1964 E Saginaw St, East Lansing, MI 48823
What's special
Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing
- 91 days |
- 779 |
- 25 |
Travel times
Kitchen
Primary Bedroom
Guest Room
Zillow last checked:
Listing updated:
Jer-Waun Kirkland 616-258-3103,
616 Realty LLC 616-272-3707
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: In Basement
Features
- Basement: Slab
Interior area
- Total interior livable area: 3,165 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 1.61 Acres
- Dimensions: 1.61
Details
- Parcel number: 33020203101001
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: East Lansing
Financial & listing details
- Price per square foot: $129/sqft
- Tax assessed value: $196,344
- Annual tax amount: $14,300
- Date on market: 5/26/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2026 | Price change | $409,000-6%$129/sqft |
Source:  MichRIC #26024752 Report a problem | ||
| 6/19/2026 | Price change | $435,000-3.1%$137/sqft |
Source: MichRIC #26024752 Report a problem | ||
| 5/26/2026 | Listed for sale | $449,000$142/sqft |
Source: MichRIC #26024752 Report a problem | ||
Public tax history
Monthly payment
Estimated market value
$396,300
$376,000 - $416,000
$1,588/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.