$2,019 Closing Credit¹
#286379, Chris Roelofs, Listing Office: Coldwell Banker Professionals -Okemos
$179,900 List price
131 S Hosmer St Lansing, MI 48912
$2,136
Closing credit¹
0.10 acres
Multi-Family
Property details
About 131 S Hosmer St
GREAT INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 3X's the Income - This one is not to miss! This sought-after 3-unit provides Great Immediate Income. Rents total approximately $2,250 per month currently with potential room for growth. Separate utilities all currently paid by the tenants. Prime locattion near Lansings Stadium District, Downtown, Sparrow Hospital, MSU Campus and highways/bus routes. Conveniently located near downtown this three-unit rental offers newer vinyl siding, windows, flooring, paint, and roof. The lower unit has 2 bedrooms with the upper two being one bedroom each. All units are rented! All units have separate utilities, including water which is quite costly to do and very rare. All utilities are the responsibility of the tenant. Don't miss out on this money-making opportunity! This property is part of a multi-unit portfolio with diverse income potential. * 220 Smith PENDING: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant notice. Financials available upon request.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.1 Acres
Year built1895
ParkingDriveway, Off Street
MLS #285479
Summary
- MLS Number: 285479
- MLS Name: Greater Lansing Association of REALTORS®
- Office Name: Five Star Real Estate - Lansing
- Office Phone: (616) 531-0028
- Office Email: beckwithcindy@gmail.com
- Listing Agent: Amber Redman
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$179,900
131 S Hosmer St
$2,136
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 04, 2022 | Home Sold | $132,500 |
| Jun 06, 2008 | Home Sold | $14,000 |
| Nov 17, 2005 | Home Sold | $106,000 |
| Feb 09, 2004 | Home Sold | $87,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $66,300 | $4,625 |
| 2023 | $53,400 | $2,599 |
| 2022 | $46,800 | $2,599 |
| 2021 | $41,100 | $2,599 |
| 2020 | $36,700 | $2,520 |
| 2019 | $35,100 | $2,380 |
| 2018 | $29,500 | $2,255 |
| 2017 | $28,200 | $2,255 |
History based on county public records data.
Nearby schools
5
Pattengill School
Public Magnet PK-6
1.2 mi
•815 N Fairview Ave
5
Willow School
Public District PK-4
1.8 mi
•1012 W Willow St
1
Gier Park School
Public District PK-3
1.9 mi
•401 E Gier St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,786. Typical income of Lansing, MI residents is less than $<35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
52%
<35k
40%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
66%
Single, No Kids
20%
Single, with Kids
7%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
9%
12-17 yrs old
36%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Soccer
UFC
Pro Wrestling
Where do the neighbors shop?
Forever 21
Family Dollar
Burlington
Where do the neighbors go to eat?
Dominos Pizza
Burger King
Cicis Pizza
What do the neighbors drive?
Mazda
Buick
Pontiac
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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This home is located at 131 S Hosmer St in Lansing, MI and zip code 48912 in the Green Oaks neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $179,900.
In February 2025 more than 29 listings in Lansing, MI were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 54 were sold below. The number of homes for sale in Lansing, MI decreased by 4.9% between January and February 2025. The median list price of listings available in February 2025 was $155,997, while the average time on the real estate market was 69 days.
From Rocket Homes Real Estate and based on county public records data.