Address
724 N Walnut Street, Lansing, MI
Price
$ 249,000
Property Attributes
- MLS#297976
- TypeMulti-Family
- Listing Status Active
- CountyINGHAM
- CityLansing
- AreaLansing City
- NeighborhoodOriginal of Lansing
- Zip48906
- StyleQuadruplex
- Year Built1902
- Price$ 249,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Lot Size0.16 Acres
Data Source:
Greater Lansing AOR (GLMLS)
Property Description
724 North Walnut Street is a beautifully renovated fourplex offering classic old-world charm with modern updates throughout. Each unit has been refreshed and is in great condition, making this a strong, income-producing property with all units currently rented. The building includes a shared washer and dryer in the common area, plus off-street parking located behind the property. Current rents total $3,935 per month, creating an attractive opportunity for investors looking for a stabilized multi-unit asset with character, curb appeal, and steady rental income. Utilities: Electric, Water, Sewer, Gas, and Garbage run roughly $775 per month during normal operation.
| Price History | |
|---|---|
| 7/28/2026 | Listed $249,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | None |
| Appliances | Gas Water Heater |
| Construction Materials | Wood Siding |
| Year Built | 1902 |
| Township | Lansing City |
| Levels | Two |
| Property Subtype | Quadruplex |
| Tax Year | 2025 |
| County | Ingham |
| Property Type | Resid/Multi-Family |
| Attached Garage | No |
| Subdivision Name | Original of Lansing |
| Garage Y/N | No |
| Status | Active |
| Directions | Google Maps |
| City | Lansing |
| Senior Community Y/N | No |
| High School District | Lansing |
| Zoning Description | Zoning |
| Number Of Units Total | 4 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6969.6 |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Lease Renewal Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Tax Assessed Value | 116153 |
| MobileHomeRemainsYN | No |
| Legal Description | S 2 R OF E 47 FT & S 44 FT OF W 118 FT LOT 9 BLOCK 56 ORIG PLAT |
| New Construction | None |
Interior Features
| Basement | Interior Entry,Michigan |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Above Grade Finished Area | 3014.0 |
| Laundry Features | Common Area,In Hall |
| Total Baths | 4 |
Exterior Features
| Parking Features | Concrete,Additional Parking,Driveway,Parking Pad |
|---|---|
| Lot Features | Rectangular Lot |
| Water Source | Public |
| Total Parking | 6.0 |
| Lot Size Area | 0.16 |
| Spa | No |
| Lot Dimensions | 33x165 |
| Lot Size Acres | 0.16 |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 48906
Price
Year Built
Visits
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 25, 2026 11:10 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
