WELCOME TO THIS WELL-MAINTAINED TWO-STORY DUPLEX OFFERING A FANTASTIC INVESTMENT OPPORTUNITY WITH STABLE, IMMEDIATE RENTAL INCOME. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH APPROXIMATELY 1,000 SQUARE FEET OF LIVING SPACE. BOTH UNITS ARE VERY CLEAN, WELL CARED FOR, AND CURRENTLY OCCUPIED BY TENANTS, MAKING THIS A TRUE TURNKEY, INCOME-PRODUCING PROPERTY. ENJOY OPEN AND SPACIOUS FLOOR PLANS FILLED WITH GREAT NATURAL LIGHT THROUGHOUT. THE PROPERTY ALSO INCLUDES A COIN-OPERATED LAUNDRY IN THE BASEMENT, PROVIDING ADDITIONAL REVENUE POTENTIAL. A LARGE PARKING LOT OFFERS AMPLE OFF-STREET PARKING FOR TENANTS. CONVENIENTLY LOCATED NEAR LCC, CLOSE TO DOWNTOWN DINING & NIGHTLIFE, AND JUST MINUTES FROM OLD TOWN & REO TOWN, THIS PROPERTY IS PERFECTLY SITUATED FOR CONTINUED STRONG RENTAL DEMAND A SOLID, STABLE INCOME EARNER READY TO ADD TO YOUR PORTFOLIO.
Accepting backups
$149,900
514 N Walnut St, Lansing, MI 48933
4beds
2baths
--sqft
Duplex
Built in 1894
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Great natural light throughout
- 34 days |
- 231 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
John Hagerty, Jr. 517-803-5868,
Five Star Real Estate - Lansing 517-507-0068
Source: Greater Lansing AOR,MLS#: 294234
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Hot Water, Natural Gas
Cooling
- None
Appliances
- Laundry: In Basement, See Remarks
Features
- Basement: Full
Interior area
- Finished area above ground: 1,826
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Parking Lot
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.32 Acres
- Dimensions: 66 x 104
- Features: City Lot
Details
- Parcel number: 33010116129052
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Rough Sawn, Wood Siding
Condition
- Year built: 1894
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Original of Lansing
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $55,321
- Annual tax amount: $4,432
- Date on market: 7/14/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,411/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $149,900 |
Source:  Greater Lansing AOR #294234 Report a problem | ||
| 6/10/2026 | Listing removed | $149,900 |
Source: Greater Lansing AOR #294234 Report a problem | ||
| 5/27/2026 | Price change | $149,900-5.4% |
Source: Greater Lansing AOR #294234 Report a problem | ||
| 3/4/2026 | Listed for sale | $158,500+534% |
Source: Greater Lansing AOR #294234 Report a problem | ||
| 2/8/2000 | Sold | $25,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,432 +6.2% | $69,800 +5.3% |
| 2024 | $4,174 | $66,300 +10.9% |
| 2023 | -- | $59,800 +8.5% |
| 2022 | -- | $55,100 +5% |
| 2021 | -- | $52,500 +7.4% |
| 2020 | -- | $48,900 +10.1% |
| 2019 | $3,385 | $44,400 +4.7% |
| 2018 | $3,385 -28.2% | $42,400 |
| 2017 | $4,716 | $42,400 +1.7% |
| 2016 | $4,716 | $41,700 +3% |
| 2015 | $4,716 | $40,500 +4.1% |
| 2014 | $4,716 | $38,900 -0.3% |
| 2013 | -- | $39,000 -0.8% |
| 2012 | -- | $39,300 -11.5% |
| 2011 | -- | $44,400 -4.9% |
| 2010 | -- | $46,700 -9.3% |
| 2009 | -- | $51,500 -8.5% |
| 2008 | -- | $56,300 +1.3% |
| 2007 | -- | $55,600 -3.6% |
| 2006 | -- | $57,700 +8.7% |
| 2005 | -- | $53,100 +17.5% |
| 2004 | -- | $45,200 +22.5% |
| 2003 | -- | $36,900 +11.5% |
| 2002 | -- | $33,100 +5.1% |
| 2001 | -- | $31,500 +7.9% |
| 2000 | -- | $29,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Pattengill AcademyGrades: PK-8Distance: 1.8 mi
- 3/10J.W. Sexton High SchoolGrades: 9-12Distance: 1.1 mi
- 3/10Sheridan RoadGrades: PK,5-8Distance: 2.2 mi
Schools provided by the listing agent
- High: 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.
- $175,600-- bd2 ba3.2k sqft520 N Walnut St, Lansing, MI 48933Off Market
- $128,1002 bd1 ba820 sqft522 1/2 N Walnut St, Lansing, MI 48933Off Market
- $153,219-- bd2 ba1.9k sqft508 N Walnut St, Lansing, MI 48933Sold
- $--1 bd1 ba-- sqft508 N Walnut St #2, Lansing, MI 48933Off Market
- $153,2194 bd2 ba-- sqft508 N Walnut St, Lansing, MI 48933Sold
- $134,5002 bd1 ba-- sqft514 1/2 N Walnut St, Lansing, MI 48933Off Market
- $38,1004 bd2 ba1.8k sqft504 N Walnut St, Lansing, MI 48933Off Market
- $163,100-- bd1 ba1.5k sqft504 N Walnut St, Lansing, MI 48933Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $180,0004 bd3 ba-- sqft621 N Walnut St, Lansing, MI 48933For Sale
MLS ID #297536, Morgan Meredith, Keller Williams Realty Lansing. Greater Lansing AOR - $134,5004 bd2 ba1.6k sqft513 W Hillsdale St, Lansing, MI 48933For Sale
MLS ID #292525, Shasta Dowding, DeLong and Co.. Greater Lansing AOR - $149,9004 bd2 ba1.3k sqft321 E Thomas St, Lansing, MI 48906For Sale
MLS ID #298289, Missy Lord, RE/MAX Real Estate Professionals Dewitt. Greater Lansing AOR - $165,0004 bd2 ba1.4k sqft531 E Paulson St, Lansing, MI 48906For Sale
MLS ID #298244, Dani Fairman, Oasis Realty. Greater Lansing AOR - $129,5003 bd2 ba1.4k sqft812 N Pine St, Lansing, MI 48906For SaleMLS ID #298058, Justin Eagen, DeLong and Co.. Greater Lansing AOR
- $144,9002 bd3 ba-- sqft1219 N Washington Ave, Lansing, MI 48906For SaleMLS ID #296951, Gary R. Newton, RE/MAX Real Estate Professionals. Greater Lansing AOR
- $155,0003 bd1 ba1.4k sqft827 Cleveland St, Lansing, MI 48906For SaleMLS ID #298405, Laura Guild, Keller Williams Realty Lansing. Greater Lansing AOR
- $149,9994 bd3 ba1.6k sqft1219 Moores River Dr, Lansing, MI 48910For SaleMLS ID #297007, Alex Craig, Achieve Real Estate LLC. Greater Lansing AOR
- $139,0004 bd1 ba1.1k sqft714 S Hayford Ave, Lansing, MI 48912For SaleMLS ID #298438, Mohamed Abukar, EXP Realty, LLC. Greater Lansing AOR
- $127,4004 bd1 ba2k sqft515 W Hillsdale St, Lansing, MI 48933For SaleMLS ID #292929, Shasta Dowding, DeLong and Co.. Greater Lansing AOR
- $125,0003 bd2 ba-- sqft1223 N Washington Ave, Lansing, MI 48906For SaleMLS ID #297069, Gary R. Newton, RE/MAX Real Estate Professionals. Greater Lansing AOR
- $154,9004 bd2 ba1.5k sqft216 Rosamond St, Lansing, MI 48912For SaleMLS ID #297080, HBB Realtors, RE/MAX Real Estate Professionals. Greater Lansing AOR
- $139,4504 bd2 ba1.2k sqft313 N Magnolia Ave, Lansing, MI 48912For SaleMLS ID #297234, Robert Dowding, Keller Williams Realty Lansing. Greater Lansing AOR
- $157,9003 bd2 ba964 sqft1916 W Jolly Rd, Lansing, MI 48910For SaleMLS ID #298324, Michael Graham, RE/MAX Real Estate Professionals. Greater Lansing AOR
- $99,9002 bd2 ba-- sqft1054 N Cedar St, Lansing, MI 48906For SaleMLS ID #298422, Isiah J Mims, Keller Williams Realty Lansing. Greater Lansing AOR
- $137,5002 bd1 ba931 sqft1105 Comfort St, Lansing, MI 48915For SaleMLS ID #298481, Brock Fletcher, Keller Williams Realty Lansing. Greater Lansing AOR
- $150,0002 bd2 ba1.5k sqft719 Poxson Ave, Lansing, MI 48910For SaleMLS ID #298340, Tod L Perleberg, RE/MAX Real Estate Professionals. Greater Lansing AOR
- $144,9004 bd1 ba1k sqft337 N Francis Ave, Lansing, MI 48912For SaleMLS ID #298130, Jennifer Murdoch, Berkshire Hathaway HomeServices. Greater Lansing AOR
- $149,9002 bd1 ba900 sqft1718 Drexel Rd, Lansing, MI 48915For SaleMLS ID #297932, HBB Realtors, RE/MAX Real Estate Professionals. Greater Lansing AOR
- $160,0003 bd1 ba1.1k sqft211 W Berry Ave, Lansing, MI 48910For SaleMLS ID #297676, Tracey Hernly & Co., Howard Hanna Real Estate Executives. Greater Lansing AOR
