Fantastic investment opportunity just 2 blocks from U of M Health - Sparrow Hospital! This occupied 4-unit multifamily property includes: One 3-bedroom unit, Two 1-bedroom units, and One efficiency unit. Key highlights: MSHDA subsidized tenants - steady, guaranteed rental income. Long-term tenants - stable occupancy, low turnover. Instant cash flow - fully rented with solid rental history. New boiler - recent mechanical upgrade reduces maintenance costs. Whether you're a first-time investor or expanding your portfolio, this property offers dependable returns in a high-demand area. Proximity to medical facilities, public transit, and amenities make it a desirable rental location. Property sold ''As is''.
Sold for $150,000
$150,000
602 N Pennsylvania Ave, Lansing, MI 48912
5beds
4baths
--sqft
Quadruplex
Built in 1872
-- sqft lot
$152,500 Zestimate®
$--/sqft
$1,299 Estimated rent
Home value
$152,500
$139,000 - $166,000
$1,299/mo
Zestimate® history
Owner options
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$1,114/mo
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Thomas Barrett 517-449-2930,
Keller Williams Realty Lansing
Bought with:
Chad Dutcher, 6506041503
RE/MAX Real Estate Professionals
Source: Greater Lansing AOR,MLS#: 290983
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Hot Water, Radiant
Cooling
- None
Appliances
- Included: Gas Water Heater
- Laundry: None
Features
- Flooring: Carpet, Vinyl, Wood
- Basement: Crawl Space,Full,Michigan
Interior area
- Finished area above ground: 2,932
Property
Parking
- Total spaces: 3
- Parking features: Detached, Garage, On Street, Storage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,534 Square Feet
- Dimensions: 43 x 148.5
- Features: Corner Lot
Details
- Parcel number: 33010115126061
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Roof: Flat,Shingle
Condition
- Year built: 1872
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $48,823
- Date on market: 10/28/2025
- Listing terms: Cash,Conventional
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2026 | Sold | $150,000-9.1% |
Source:  Greater Lansing AOR #290983 Report a problem | ||
| 2/23/2026 | Contingent | $165,000 |
Source: Greater Lansing AOR #290983 Report a problem | ||
| 10/28/2025 | Listed for sale | $165,000 |
Source: Greater Lansing AOR #290983 Report a problem | ||
| 10/12/2025 | Contingent | $165,000 |
Source: Greater Lansing AOR #290983 Report a problem | ||
| 9/4/2025 | Listed for sale | $165,000-17.1% |
Source: Greater Lansing AOR #290983 Report a problem | ||
| 7/1/2025 | Listing removed | $199,000 |
Source: Greater Lansing AOR #285331 Report a problem | ||
| 6/18/2025 | Listed for sale | $199,000 |
Source: Greater Lansing AOR #285331 Report a problem | ||
| 5/22/2025 | Contingent | $199,000 |
Source: Greater Lansing AOR #285331 Report a problem | ||
| 3/7/2025 | Price change | $199,000-9.1% |
Source: Greater Lansing AOR #285331 Report a problem | ||
| 2/20/2025 | Listed for sale | $219,000 |
Source: Greater Lansing AOR #285331 Report a problem | ||
| 2/17/2025 | Contingent | $219,000 |
Source: Greater Lansing AOR #285331 Report a problem | ||
| 12/13/2024 | Listed for sale | $219,000 |
Source: Greater Lansing AOR #285331 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Eastfield
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Nearby schools
GreatSchools rating
- 4/10Pattengill AcademyGrades: PK-8Distance: 0.8 mi
- 5/10Eastern High SchoolGrades: 9-12Distance: 0.6 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.
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Estimated market value
$152,500
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
$152,500
- Michigan
- Ingham County
- Lansing
- 48912
- Eastfield
- 602 N Pennsylvania Ave
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