617 N Walnut Lansing MI 48933 is an excellent investment opportunity! This spacious duplex offers immediate income potential with one unit vacant and ready for a new tenant or owner-occupant. Unit 1 is was previously rented for $825 per month, allowing a new owner to set current market rent. Unit 2 is occupied and generating $975 per month in rental income. Whether you're looking to add to your rental portfolio, house hack by living in one unit while collecting rent from the other, or lease the vacant unit for increased cash flow, this property offers outstanding flexibility. Conveniently located near downtown Lansing, Cooley Law School, Michigan State Capitol, shopping, restaurants, and major highways. Don't miss this opportunity to build wealth through real estate!
Accepting backups
$150,000
617 N Walnut St, Lansing, MI 48933
4beds
2baths
--sqft
Duplex
Built in 1890
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 45 days
- 33
- 1
Zillow last checked:
Listing updated:
Listed by:
Morgan Meredith 517-505-1422,
Keller Williams Realty Lansing 517-853-1200
Source: Greater Lansing AOR,MLS#: 297544
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: In Unit, Laundry Room
Features
- Flooring: Hardwood
- Basement: Full
Interior area
- Finished area above ground: 2,106
Property
Parking
- Total spaces: 2
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch
- Pool features: None
- Spa features: None
Lot
- Size: 0.9 Acres
- Dimensions: 33 x 120
- Features: Back Yard, City Lot, Front Yard
Details
- Parcel number: 33010116104111
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $77,295
- Annual tax amount: $6,454
- Date on market: 7/14/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,492/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $150,000-8% |
Source:  Greater Lansing AOR #297544 Report a problem | ||
| 6/13/2025 | Listing removed | $163,000 |
Source: Greater Lansing AOR #286628 Report a problem | ||
| 3/11/2025 | Listed for sale | $163,000+676.2% |
Source: Greater Lansing AOR #286628 Report a problem | ||
| 10/14/2019 | Sold | $21,000+22.8% |
Source: Public Record Report a problem | ||
| 7/19/2011 | Sold | $17,101 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,454 +35.8% | $77,100 +5.6% |
| 2024 | $4,752 | $73,000 +11.5% |
| 2023 | -- | $65,500 +12.2% |
| 2022 | -- | $58,400 +4.5% |
| 2021 | -- | $55,900 +7.7% |
| 2020 | -- | $51,900 +10.9% |
| 2019 | $3,250 | $46,800 +7.8% |
| 2018 | $3,250 +0.8% | $43,400 |
| 2017 | $3,223 | $43,400 +1.9% |
| 2016 | $3,223 | $42,600 +2.9% |
| 2015 | $3,223 | $41,400 +0.7% |
| 2014 | $3,223 | $41,100 -0.2% |
| 2013 | -- | $41,200 -0.7% |
| 2012 | -- | $41,500 -11.7% |
| 2011 | -- | $47,000 -5.1% |
| 2010 | -- | $49,500 -9.3% |
| 2009 | -- | $54,600 -8.7% |
| 2008 | -- | $59,800 +1.5% |
| 2007 | -- | $58,900 +2.6% |
| 2006 | -- | $57,400 +9.3% |
| 2005 | -- | $52,500 +19% |
| 2004 | -- | $44,100 +24.9% |
| 2003 | -- | $35,300 +13.1% |
| 2002 | -- | $31,200 +6.1% |
| 2001 | -- | $29,400 +8.9% |
| 2000 | -- | $27,000 |
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
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.
Similar homes
- $170,0004 bd3 ba-- sqft621 N Walnut St, Lansing, MI 48933For Sale
MLS ID #297536, Morgan Meredith, Keller Williams Realty Lansing. Greater Lansing AOR - $175,0004 bd2 ba1.3k sqft320 W Genesee St, Lansing, MI 48933For Sale
MLS ID #296688, Stacee Robison, Keller Williams Realty Lansing. Greater Lansing AOR - $125,0004 bd2 ba1.5k sqft909 Clayton St, Lansing, MI 48915For Sale
MLS ID #298716, Michael Sprague, RE/MAX Real Estate Professionals. 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
