Investor opportunity in a strong Lansing rental area! This property is being sold AS-IS and offers solid upside for investors looking for a value-add or buy-and-hold opportunity. Functional layout with good square footage, full basement for storage or future improvement, and a lot size that supports long-term rental demand. Located near downtown Lansing, Michigan State University, Sparrow Hospital, shopping, public transportation, and major roadways—an area known for consistent tenant demand. Ideal for BRRRR, renovation, or long-term rental portfolio addition. Cash or renovation financing preferred. Bring your vision and unlock the potential.
Sold
$50,000
640 S Magnolia Ave, Lansing, MI 48912
2beds
650sqft
Single Family Residence
Built in 1911
4,356 Square Feet Lot
$-- Zestimate®
$77/sqft
$1,141 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,141/mo
Zestimate® history
Owner options
List your home for rent
$1,141/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,141/mo
Rent Zestimate®
Refinance and save
$289/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$289/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Cedric W Wicks 269-366-3400,
Five Star Real Estate,
Derrek Sterken 616-403-3442,
Coldwell Banker Woodland Schmidt ART Office
Bought with:
Maggie Gerich
Source: MichRIC,MLS#: 25062779
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Crawl Space,Michigan Basement
- Has fireplace: No
Interior area
- Total structure area: 650
- Total interior livable area: 650 sqft
- Finished area below ground: 0
Property
Features
- Stories: 1
Lot
- Size: 4,356 Square Feet
- Dimensions: 132' x 32'
- Features: Level
Details
- Parcel number: 33010114358341
- Zoning description: B RESID
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1911
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available
Community & HOA
Community
- Subdivision: Lansing Add Companys
Location
- Region: Lansing
Financial & listing details
- Price per square foot: $77/sqft
- Tax assessed value: $22,192
- Annual tax amount: $1,912
- Date on market: 12/29/2025
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Listing removed | $1,100$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/13/2026 | Price change | $1,100-8.3%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/9/2026 | Listed for rent | $1,200$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/19/2026 | Sold | $50,000-28.6%$77/sqft |
Source:  MichRIC #25062779 Report a problem | ||
| 1/15/2026 | Pending sale | $70,000$108/sqft |
Source: MichRIC #25062779 Report a problem | ||
| 12/29/2025 | Listed for sale | $70,000+1300%$108/sqft |
Source: MichRIC #25062779 Report a problem | ||
| 6/11/2013 | Sold | $5,000-53.7%$8/sqft |
Source: Public Record Report a problem | ||
| 8/8/2012 | Sold | $10,800-64%$17/sqft |
Source: Public Record Report a problem | ||
| 8/28/2006 | Sold | $30,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,848 +6.2% | $29,000 +22.4% |
| 2024 | $1,741 | $23,700 +15.6% |
| 2023 | -- | $20,500 +10.2% |
| 2022 | -- | $18,600 +14.8% |
| 2021 | -- | $16,200 +3.2% |
| 2020 | -- | $15,700 +16.3% |
| 2019 | $821 | $13,500 +32.4% |
| 2018 | $821 +3.6% | $10,200 |
| 2017 | $792 | $10,200 +2% |
| 2016 | $792 | $10,000 +2% |
| 2015 | $792 | $9,800 +1% |
| 2014 | $792 | $9,700 -2% |
| 2013 | -- | $9,900 -6.6% |
| 2012 | -- | $10,600 -9.4% |
| 2011 | -- | $11,700 -10.7% |
| 2010 | -- | $13,100 -7.7% |
| 2009 | -- | $14,200 -7.8% |
| 2008 | -- | $15,400 -3.1% |
| 2007 | -- | $15,900 +1.9% |
| 2006 | -- | $15,600 +16.4% |
| 2005 | -- | $13,400 +3.1% |
| 2004 | -- | $13,000 +14% |
| 2003 | -- | $11,400 +8.6% |
| 2002 | -- | $10,500 +8.2% |
| 2001 | -- | $9,700 +7.8% |
| 2000 | -- | $9,000 |
Find assessor info on the county website
Neighborhood: Fairview
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Nearby schools
GreatSchools rating
- 4/10Pattengill AcademyGrades: PK-8Distance: 1.1 mi
- 5/10Eastern High SchoolGrades: 9-12Distance: 1 mi
- 6/10Cavanaugh SchoolGrades: PK-3Distance: 3.1 mi
- Michigan
- Ingham County
- Lansing
- 48912
- Fairview
- 640 S Magnolia Ave
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Other Lansing Topics
