Investor special with incredible income potential! This fully gutted property has been taken down to the studs, providing the perfect blank canvas to bring your vision to life. With a spacious layout and flexible floor plan, the home offers the potential to be transformed into a four-unit rental property (Zoned R-MX, subject to local approvals), making it an excellent opportunity for investors or developers. Conveniently located just across the street from the University of Michigan Health - Sparrow Hospital, just north of the Michigan Avenue corridor, this property is ideally positioned for short-term rentals, traveling healthcare professionals, or long-term tenants seeking a prime location near downtown Lansing. Much of the demolition has already been completed, allowing you to skip the teardown and move straight into the rebuilding process. Whether you're looking to create a high-performing investment portfolio or renovate and maximize value, this property is full of possibilities. Bring your plans, your contractor, and your imagination - opportunities like this don't come along often!
For sale
$65,000
909 Jerome St, Lansing, MI 48912
4beds
0baths
2,194sqft
Single Family Residence
Built in 1880
0.25 Acres Lot
$-- Zestimate®
$30/sqft
$-- HOA
What's special
Flexible floor planSpacious layout
- 47 days
- 550
- 32
Zillow last checked:
Listing updated:
Listed by:
Jonathan Lum 517-798-6264,
EXIT Realty Home Partners 517-803-2345,
HPR Team,
EXIT Realty Home Partners
Source: Greater Lansing AOR,MLS#: 297571
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 0
Primary bedroom
- Level: Second
- Area: 100 Square Feet
- Dimensions: 10 x 10
Bedroom 2
- Level: Second
- Area: 100 Square Feet
- Dimensions: 10 x 10
Bedroom 3
- Level: Second
- Area: 100 Square Feet
- Dimensions: 10 x 10
Dining room
- Level: First
- Area: 100 Square Feet
- Dimensions: 10 x 10
Kitchen
- Level: First
- Area: 100 Square Feet
- Dimensions: 10 x 10
Living room
- Level: First
- Area: 100 Square Feet
- Dimensions: 10 x 10
Other
- Level: Second
- Area: 100 Square Feet
- Dimensions: 10 x 10
Cooling
- None
Appliances
- Included: None
- Laundry: None
Features
- Basement: Full
Interior area
- Total structure area: 3,288
- Total interior livable area: 2,194 sqft
- Finished area above ground: 2,194
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, No Garage
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
- Features: City Lot
Details
- Foundation area: 1094
- Parcel number: 33010115154071
- Zoning description: Zoning
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
Condition
- Year built: 1880
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Lansing
Financial & listing details
- Price per square foot: $30/sqft
- Tax assessed value: $25,900
- Annual tax amount: $1,767
- Date on market: 7/14/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,920/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $65,000+116.7%$30/sqft |
Source:  Greater Lansing AOR #297571 Report a problem | ||
| 11/17/2021 | Sold | $30,000+66.7%$14/sqft |
Source: Public Record Report a problem | ||
| 5/22/2014 | Sold | $18,000-28%$8/sqft |
Source: Greater Lansing AOR #55219 Report a problem | ||
| 6/16/1999 | Sold | $25,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,706 +5.8% | $25,900 +15.6% |
| 2024 | $1,612 | $22,400 +12.6% |
| 2023 | -- | $19,900 +20.6% |
| 2022 | -- | $16,500 -4.6% |
| 2021 | -- | $17,300 +13.1% |
| 2020 | -- | $15,300 +11.7% |
| 2019 | $934 | $13,700 +12.3% |
| 2018 | $934 -32.6% | $12,200 |
| 2017 | $1,386 | $12,200 +0.8% |
| 2016 | $1,386 | $12,100 +21% |
| 2015 | $1,386 | $10,000 -49.5% |
| 2014 | $1,386 | $19,800 -2% |
| 2013 | -- | $20,200 -6.5% |
| 2012 | -- | $21,600 -10.4% |
| 2011 | -- | $24,100 -12.7% |
| 2010 | -- | $27,600 -8.6% |
| 2009 | -- | $30,200 -8.2% |
| 2008 | -- | $32,900 +3.8% |
| 2007 | -- | $31,700 +47.4% |
| 2006 | -- | $21,500 +10.8% |
| 2005 | -- | $19,400 +21.3% |
| 2004 | -- | $16,000 +29% |
| 2003 | -- | $12,400 +17% |
| 2002 | -- | $10,600 -12.4% |
| 2001 | -- | $12,100 +6.1% |
| 2000 | -- | $11,400 |
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: Eastern
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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