Welcome, to 309-311 S Holmes Street Lansing, MI 48912 located near Sparrows Hospital,MSU, Cooley Law School, and downtown Lansing, .
Here for sell is the perfect investment property! A true American dream, in a market thats hard to see, but visualize you have just struck gold at the end of the rainbo. Here is an opportunity you don't see everyday. I present to you, a no nonsense solution to help you create a hedge against inflation.
These are two bedroom units with 1 full bath on each side with full basements. Tenants pay all utilities, which are on separate meters. Rent is currently under valued $850- $880. Tenants are long term tenants, I have rented to them for 10 years,however; due to the listing of the property, they are month to month. but the tenants have expressed their willingness to sign a new lease with the new owners, and don't wish to move.
There are some updates, roof seems to be in really good condition, water heaters where put in around 2023 in both units.. Also, in 2023 311 had a very small fire that started on the outside of the house that affected the kitchen, but was repaired and is in compliance with the city code enforcements laws, and regulations. These units are all licensed and approved by the city of Lansing building and safety. For viewings, I ask that you give atleast a 24 hour notice. However; if the property is being shown on the day you want to see it, perhaps we can accommodate sameday showings. Thanks for your interest!
Sold for $185,000
$185,000
309 S Holmes St, Lansing, MI 48912
4beds
1,664sqft
MultiFamily
Built in 1951
-- sqft lot
$209,700 Zestimate®
$111/sqft
$1,247 Estimated rent
Home value
$209,700
$199,000 - $220,000
$1,247/mo
Zestimate® history
Owner options
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$1,247/mo
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$1,247/mo
Rent Zestimate®
Refinance and save
$1,339/mo
Est. payment
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$1,339/mo
Est. payment
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List your homeWhat's special
Full basementsTwo bedroom units
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air, Gas
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Tile, Hardwood
- Basement: Unfinished
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,664 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Wood
- Has view: Yes
- View description: City
Lot
- Size: 49 Square Feet
Details
- Parcel number: 33010115407021
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Shake / Shingle
Condition
- Year built: 1951
Community & HOA
Location
- Region: Lansing
Financial & listing details
- Price per square foot: $111/sqft
- Tax assessed value: $74,100
- Annual tax amount: $4,234
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Sold | $185,000-15.9%$111/sqft |
Source: Public Record Report a problem | ||
| 3/14/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/12/2025 | Listed for sale | $219,900+164.4%$132/sqft |
Source: Owner Report a problem | ||
| 6/12/2019 | Sold | $83,160-18.5%$50/sqft |
Source: Public Record Report a problem | ||
| 1/10/2005 | Sold | $102,000$61/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,234 +6.2% | $74,100 +11.9% |
| 2024 | $3,987 | $66,200 +10.7% |
| 2023 | -- | $59,800 +16.6% |
| 2022 | -- | $51,300 +9.1% |
| 2021 | -- | $47,000 +9% |
| 2020 | -- | $43,100 +6.4% |
| 2019 | $2,654 | $40,500 +8.3% |
| 2018 | $2,654 +4.1% | $37,400 |
| 2017 | $2,549 | $37,400 +4.5% |
| 2016 | $2,549 | $35,800 +6.9% |
| 2015 | $2,549 | $33,500 +2.1% |
| 2014 | $2,549 | $32,800 -1.8% |
| 2013 | -- | $33,400 -7% |
| 2012 | -- | $35,900 -9.8% |
| 2011 | -- | $39,800 -11.4% |
| 2010 | -- | $44,900 -8.7% |
| 2009 | -- | $49,200 -7.3% |
| 2008 | -- | $53,100 -3.6% |
| 2007 | -- | $55,100 -4.3% |
| 2006 | -- | $57,600 +1.4% |
| 2005 | -- | $56,800 +6.2% |
| 2004 | -- | $53,500 +11.9% |
| 2003 | -- | $47,800 +14.1% |
| 2002 | -- | $41,900 +8.8% |
| 2001 | -- | $38,500 +5.8% |
| 2000 | -- | $36,400 |
Find assessor info on the county website
Neighborhood: 48912
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Nearby schools
GreatSchools rating
- 4/10Pattengill AcademyGrades: PK-8Distance: 0.2 mi
- 5/10Eastern High SchoolGrades: 9-12Distance: 0.3 mi
- 3/10Sheridan RoadGrades: PK,5-8Distance: 2.2 mi
Get a cash offer in 3 minutes
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Estimated market value
$209,700
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
$209,700
- Michigan
- Ingham County
- Lansing
- 48912
- 309 S Holmes St