2 days on Rocket
$1,936 Closing Credit¹
#286628, Rooted Real Estate Of Greater Lansing, Listing Office: RE/MAX Real Estate Professionals
$166,000 List price
621 N Walnut St Lansing, MI 48933
$1,971
Closing credit¹
0.08 acres
Multi-Family
Property details
About 621 N Walnut St
This fully rented triplex in the heart of Lansing is a fantastic investment opportunity, generating $25,200 in annual rental income. Located just minutes from Lansing Community College, the State Capitol, and downtown, this property offers unbeatable convenience for tenants. With easy access to W. Saginaw Hwy, commuting is effortless in and out of the city. This well-maintained multi-unit is a strong cash-flowing asset, perfect for investors looking for steady returns. Additionally, the property can be purchased together with the neighboring property at 617 N Walnut, creating an even greater investment opportunity. Don't miss your chance to own this income-generating triplex in a prime location. Reach out today for more details! 24 hour notice minimum required to tour tenant-occupied units.
Highlights
Home typeMulti Family
HeatingHot Water
StatusActive
BasementYes
Lot size0.08 Acres
Year built1903
ParkingParking Lot
MLS #286629
Summary
- MLS Number: 286629
- 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
$166,000
621 N Walnut St
$1,971
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 16, 2019 | Home Sold | $21,000 |
| Jul 19, 2011 | Home Sold | $17,101 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $72,800 | $4,936 |
| 2023 | $65,400 | $4,380 |
| 2022 | $58,400 | $4,380 |
| 2021 | $55,900 | $4,380 |
| 2020 | $52,100 | $3,636 |
| 2019 | $47,000 | $3,432 |
| 2018 | $44,100 | $3,259 |
| 2017 | $42,900 | $3,259 |
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. Most Lansing, MI residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents 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 621 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 $166,000.
While more than 29 listings in Lansing, MI in February 2025 were sold above asking price, there were more than 20 listings sold at asking price, and more than 54 were sold below. Between January and February 2025, Lansing, MI real estate market has seen decrease in the number of listings by 4.9%. In February 2025 median list price was $155,997 and the average listing age was 69 days.
From Rocket Homes Real Estate and based on county public records data.