Seize a rare investment opportunity in East Lansing with this meticulously maintained Class 4 home, ideally situated in the heart of MSU. This property is a proven income generator, yielding $38,000 annually with a monthly rent of $3,200. Tenants are responsible for all utilities except trash, making this a low-maintenance investment.
Licensed for up to 5 unrelated tenants or a family, this home also boasts city-approved parking for 5 vehicles, enhancing its appeal to potential renters. Recent updates include a brand-new flat roof installed in August 2010, and a newly updated kitchen featuring modern appliances, including a washer/dryer and two refrigerators. The main floor is adorned with elegant hardwood and ceramic tile flooring. Additional improvements include new electrical, plumbing, and thermal windows installed in 2007, with the furnace being replaced in 2003. Each bedroom is wired for cable, ensuring convenience and connectivity for all occupants.
This property represents a fabulous investment opportunity in a prime location. Don't miss out on this chance to own a piece of East Lansing's vibrant rental market! Property rented through August 2025.
Sold for $390,000
$390,000
532 Spartan Ave, East Lansing, MI 48823
5beds
1,140sqft
Single Family Residence
Built in 1949
5,227 Square Feet Lot
$401,300 Zestimate®
$342/sqft
$2,977 Estimated rent
Home value
$401,300
$381,000 - $421,000
$2,977/mo
Zestimate® history
Owner options
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$2,977/mo
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$2,977/mo
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$2,720/mo
Est. payment
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$2,720/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Morgan Meredith 517-505-1422,
Keller Williams Realty Lansing
Source: Greater Lansing AOR,MLS#: 283509
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
- Area: 132 Square Feet
- Dimensions: 12 x 11
Bedroom 2
- Level: First
- Area: 100 Square Feet
- Dimensions: 10 x 10
Bedroom 3
- Level: Second
- Area: 110 Square Feet
- Dimensions: 11 x 10
Bedroom 4
- Level: Second
- Area: 72 Square Feet
- Dimensions: 8 x 9
Bedroom 5
- Level: Second
- Area: 100 Square Feet
- Dimensions: 10 x 10
Dining room
- Level: First
- Area: 120 Square Feet
- Dimensions: 12 x 10
Kitchen
- Level: First
- Area: 80 Square Feet
- Dimensions: 10 x 8
Living room
- Level: First
- Area: 110 Square Feet
- Dimensions: 10 x 11
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Disposal, Water Heater, Washer, Refrigerator, Range, Oven, Dryer
- Laundry: Main Level
Features
- Eat-in Kitchen, Entrance Foyer, Pantry, Primary Downstairs, Storage, Walk-In Closet(s)
- Flooring: Hardwood, Tile
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,140
- Total interior livable area: 1,140 sqft
- Finished area above ground: 1,140
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Entry location: Front door
- Patio & porch: Porch
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,227 Square Feet
- Dimensions: 40 x 135
- Features: Back Yard, Few Trees, Front Yard
Details
- Foundation area: 0
- Parcel number: 33200218219016
- Zoning description: Zoning
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Avondale
Location
- Region: East Lansing
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $128,300
- Annual tax amount: $7,545
- Date on market: 9/13/2024
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/20/2024 | Sold | $390,000-2.5%$342/sqft |
Source:  Greater Lansing AOR #283509 Report a problem | ||
| 9/18/2024 | Pending sale | $400,000$351/sqft |
Source: Greater Lansing AOR #283509 Report a problem | ||
| 9/16/2024 | Contingent | $400,000$351/sqft |
Source: Greater Lansing AOR #283509 Report a problem | ||
| 9/13/2024 | Listed for sale | $400,000+119.8%$351/sqft |
Source: Greater Lansing AOR #283509 Report a problem | ||
| 11/3/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/27/2022 | Listed for rent | $3,200$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/25/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/9/2021 | Listed for rent | $3,200+6.7%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/17/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/17/2020 | Listing removed | $3,000$3/sqft |
Source: Owner Report a problem | ||
| 10/27/2020 | Listed for rent | $3,000$3/sqft |
Source: Owner Report a problem | ||
| 11/8/2010 | Sold | $182,000+37.4%$160/sqft |
Source: Public Record Report a problem | ||
| 6/26/2001 | Sold | $132,500$116/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,069 +8% | $128,300 +4.3% |
| 2024 | $7,469 | $123,000 +9.6% |
| 2023 | -- | $112,200 +13% |
| 2022 | -- | $99,300 +2.8% |
| 2021 | -- | $96,600 |
| 2020 | -- | $96,600 -2.7% |
| 2019 | $7,102 | $99,300 +3% |
| 2018 | $7,102 | $96,400 +1.2% |
| 2017 | -- | $95,300 |
| 2016 | -- | $95,300 +8% |
| 2015 | -- | $88,200 |
| 2014 | -- | $88,200 +5% |
| 2013 | -- | $84,000 |
| 2012 | -- | $84,000 +0.1% |
| 2011 | -- | $83,900 |
| 2010 | -- | $83,900 |
| 2009 | -- | $83,900 +1.8% |
| 2008 | -- | $82,400 +3% |
| 2007 | -- | $80,000 +2% |
| 2006 | -- | $78,400 +5.9% |
| 2005 | -- | $74,000 +10.6% |
| 2004 | -- | $66,900 +6.2% |
| 2003 | -- | $63,000 +5% |
| 2002 | -- | $60,000 +21.5% |
| 2001 | -- | $49,400 +5.1% |
| 2000 | -- | $47,000 |
Find assessor info on the county website
Neighborhood: Avondale Square
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Nearby schools
GreatSchools rating
- 8/10Marble SchoolGrades: PK-5Distance: 0.3 mi
- 7/10MacDonald Middle SchoolGrades: 6-8Distance: 0.4 mi
- 9/10East Lansing High SchoolGrades: 9-12Distance: 0.7 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
$401,300
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
$401,300
- Michigan
- Ingham County
- East Lansing
- 48823
- Avondale Square
- 532 Spartan Ave
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