2 days on Rocket
$1,971 Closing Credit¹
#286629, Rooted Real Estate Of Greater Lansing, Listing Office: RE/MAX Real Estate Professionals
$163,000 List price
617 N Walnut St Lansing, MI 48933
$1,936
Closing credit¹
0.09 acres
Multi-Family
Property details
About 617 N Walnut St
This well-maintained duplex in the heart of Lansing offers an unbeatable location just minutes from Lansing Community College, the State Capitol, and downtown amenities. With easy access to W. Saginaw Hwy, commuting in and out of the city is a breeze and couldn't be more convenient. Featuring recent updates like a newer furnace and fresh interior finishes, this property is move-in ready. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other to save money for retirement, this duplex delivers strong potential. The current tenant is on a month-to-month lease, providing flexibility for new ownership. With a projected annual rental income of $21,180, this is a fantastic opportunity to generate steady cash flow. This could be bought with the neighboring property, 621 N Walnut, to add to or create a very convenient rental portfolio. 24 hour notice minimum requirement to schedule a tour of the tenant-occupied unit. Don't miss your chance to own a prime multi-unit property in Lansing! Schedule your showing today.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.09 Acres
Year built1890
ParkingParking Lot
MLS #286628
Summary
- MLS Number: 286628
- MLS Name: Greater Lansing Association of REALTORS®
- Office Name: RE/MAX Real Estate Professionals
- Office Phone: (517) 339-8255
- Office Email: bobplesscher@gmail.com
- Listing Agent: Rooted Real Estate Of Greater Lansing
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: 3/14/2025, 12:50:54 AM 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
$163,000
617 N Walnut St
$1,936
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 19, 2023 | Home Sold | $394,200 |
| Oct 31, 2019 | Home Sold | $487,003 |
| Oct 17, 2019 | Home Sold | $317,700 |
| Oct 14, 2019 | Home Sold | $21,000 |
| Jul 19, 2011 | Home Sold | $17,101 |
| Jul 19, 2011 | Home Sold | $17,101 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $73,000 | $4,796 |
| 2023 | $65,500 | $4,250 |
| 2022 | $58,400 | $4,250 |
| 2021 | $55,900 | $4,250 |
| 2020 | $51,900 | $3,579 |
| 2019 | $46,800 | $3,377 |
| 2018 | $44,700 | $3,213 |
| 2017 | $43,400 | $3,213 |
History based on county public records data.
Nearby schools
5
Willow School
Public District PK-4
0.8 mi
•1012 W Willow St
1
Gier Park School
Public District PK-3
1.4 mi
•401 E Gier St
4
East Intermediate School
Public District 5-6
1.8 mi
•3131 W Michigan Ave
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 $23,404. Residents of Lansing, MI typically earn less than $<35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
62%
<35k
35%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
61%
Single, No Kids
20%
Single, with Kids
8%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
9%
12-17 yrs old
37%
18-34 yrs old
32%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Soccer
NBA/WNBA
UFC
Where do the neighbors shop?
Forever 21
Express/Express For Men
Family Dollar
Where do the neighbors go to eat?
Dominos Pizza
Starbucks
Burger King
What do the neighbors drive?
Mazda
Pontiac
Buick
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Contemporary- Adult Hits
All data provided by Home Junction and Claritas
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This home is located at 617 N Walnut St in Lansing, MI and zip code 48933 in the Downtown Lansing neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 11, 2025 and is currently priced at $163,000.
Lansing, MI housing market in February 2025 saw over 29 listings sold above listed price, more than 20 sold at listed price and over 54 sold below. The number of homes for sale in Lansing, MI decreased by 4.9% between January and February 2025. While the average time on the market in February 2025 was 69 days, the median list price was $155,997.
From Rocket Homes Real Estate and based on county public records data.