Prime Investment Opportunity in Downtown East Lansing - 341/343 Bailey StreetLocated in the heart of downtown East Lansing, this rare ten-bedroom duplex offers unbeatable proximity to Michigan State University, dining, shopping, and entertainment. Each side of the duplex is licensed as a Class IV rental, allowing up to 3 unrelated occupants or a family per unit—strictly enforced by the City of East Lansing.This property has proven to be a consistent and reliable rental for the past 20+ years, with strong tenant demand year-round. Both units are fully leased through July 31, 2027, ensuring immediate cash flow for investors.Whether you're looking for a future place to call home or to expand your portfolio - 341/343 Bailey is the opportunity you've been waiting for.
Sold for $375,000
$375,000
341/343 Bailey St, East Lansing, MI 48823
6beds
4baths
--sqft
MultiFamily
Built in 1975
-- sqft lot
$390,700 Zestimate®
$--/sqft
$2,402 Estimated rent
Home value
$390,700
$356,000 - $430,000
$2,402/mo
Zestimate® history
Owner options
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$2,402/mo
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$2,402/mo
Rent Zestimate®
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$2,636/mo
Est. payment
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$2,636/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Megan Busque 517-204-7722,
RE/MAX Real Estate Professionals,
Hillary Goedert Henderson 517-449-2350,
RE/MAX Real Estate Professionals
Bought with:
Megan Busque, 6506045008
RE/MAX Real Estate Professionals
RE/MAX Real Estate Professionals
Source: Greater Lansing AOR,MLS#: 291658
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Lower Level
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Finished area above ground: 1,408
Property
Parking
- Total spaces: 6
- Parking features: Driveway
- Carport spaces: 6
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,098 Square Feet
- Dimensions: 62 x 97
Details
- Parcel number: 33200218143008
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
Condition
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Edgewood
Location
- Region: East Lansing
Financial & listing details
- Tax assessed value: $98,058
- Date on market: 10/1/2025
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Sold | $375,000-31.8% |
Source:  Greater Lansing AOR #291658 Report a problem | ||
| 10/8/2025 | Pending sale | $550,000 |
Source: Greater Lansing AOR #291658 Report a problem | ||
| 10/1/2025 | Listed for sale | $550,000 |
Source: Greater Lansing AOR #291658 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Bailey
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Nearby schools
GreatSchools rating
- 8/10Marble SchoolGrades: PK-5Distance: 0.8 mi
- 7/10MacDonald Middle SchoolGrades: 6-8Distance: 0.9 mi
- 9/10East Lansing High SchoolGrades: 9-12Distance: 0.4 mi
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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Estimated market value
$390,700
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
$390,700
- Michigan
- Ingham County
- East Lansing
- 48823
- Bailey
- 341/343 Bailey St
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