621 N Walnut Lansing MI 48933 is a fantastic investment opportunity with this well-maintained 3-unit rental property! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income, this property offers flexibility and steady cash flow. Unit 1 is currently rented month-to-month at $825/month, providing the opportunity for an owner-occupant or continued rental income. Unit 2 is leased through April 30, 2027 at $825/month, offering stable, long-term income. Unit 3 is rents at $700/month. Located close to downtown Lansing, shopping, restaurants, and major highways, this property is an excellent opportunity for investors and owner-occupants alike. Schedule your showing today!
For sale
Price cut: $10K (8/26)
$170,000
621 N Walnut St, Lansing, MI 48933
4beds
3baths
--sqft
Triplex
Built in 1903
-- sqft lot
$170,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 46 days
- 382
- 25
Zillow last checked:
Listing updated:
Listed by:
Morgan Meredith 517-505-1422,
Keller Williams Realty Lansing 517-853-1200
Source: Greater Lansing AOR,MLS#: 297536
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Water Heater
- Laundry: In Unit, Other
Features
- Basement: Full
Interior area
- Finished area above ground: 1,965
Property
Parking
- Total spaces: 4
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch
- Pool features: None
- Spa features: None
Lot
- Size: 3,484 Square Feet
- Dimensions: 45.8 x 79
- Features: Back Yard, City Lot, Front Yard
Details
- Parcel number: 33010116104121
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1903
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $77,082
- Annual tax amount: $6,203
- Date on market: 7/13/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
$170,100
$160,000 - $179,000
$1,589/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Price change | $170,000-5.6% |
Source:  Greater Lansing AOR #297536 Report a problem | ||
| 7/13/2026 | Listed for sale | $180,000+8.4% |
Source: Greater Lansing AOR #297536 Report a problem | ||
| 6/13/2025 | Listing removed | $166,000 |
Source: Greater Lansing AOR #286629 Report a problem | ||
| 3/11/2025 | Listed for sale | $166,000+690.5% |
Source: Greater Lansing AOR #286629 Report a problem | ||
| 10/16/2019 | 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 | $6,203 +26.8% | $76,800 +5.5% |
| 2024 | $4,891 | $72,800 +11.3% |
| 2023 | -- | $65,400 +12% |
| 2022 | -- | $58,400 +4.5% |
| 2021 | -- | $55,900 +7.3% |
| 2020 | -- | $52,100 +10.9% |
| 2019 | $3,300 | $47,000 +9.6% |
| 2018 | $3,300 +1.7% | $42,900 |
| 2017 | $3,244 | $42,900 +1.9% |
| 2016 | $3,244 | $42,100 +2.9% |
| 2015 | $3,244 | $40,900 +2% |
| 2014 | $3,244 | $40,100 -0.2% |
| 2013 | -- | $40,200 -0.7% |
| 2012 | -- | $40,500 -11.6% |
| 2011 | -- | $45,800 -5% |
| 2010 | -- | $48,200 -9.4% |
| 2009 | -- | $53,200 -8.7% |
| 2008 | -- | $58,300 +1.4% |
| 2007 | -- | $57,500 +2.5% |
| 2006 | -- | $56,100 +9.4% |
| 2005 | -- | $51,300 +19% |
| 2004 | -- | $43,100 +24.6% |
| 2003 | -- | $34,600 +13.1% |
| 2002 | -- | $30,600 +5.9% |
| 2001 | -- | $28,900 +9.1% |
| 2000 | -- | $26,500 |
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.
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