514 North Walnut Street

Lansing, MI 48933

$149,900
Price
4
Beds
—
Baths
1,826 Sq. Ft.
$82 / Sq. Ft.
1,826
Sq. Ft.
$82
per Sq. Ft.
Get preapproved with Rocket Mortgage1
002_file_1066
006_file_2127
005_file_9833
007_file_7703
008_file_9338
009_file_3465
010_file_6327
012_file_4930
011_file_7406
013_file_6872
014_file_4901
025_file_9374
1ST LEVEL UNIT 1
016_file_8698
017_file_9791
020_file_4049
018_file_4715
019_file_8246
015_file_3956
024_file_2188
022_file_3651
023_file_7110
021_file_7319
026_file_3796
027_file_5104
001_file_6133
003_file_9745
004_file_1567
028_file_4569
2ND LEVEL UNIT 2

Description

Welcome to this well-maintained two-story duplex offering a fantastic investment opportunity with stable, immediate rental income. Each unit features 2 bedrooms and 1 full bath with approximately 1,000 square feet of living space. Both units are very clean, well cared for, and currently occupied by tenants, making this a true turnkey, income-producing property. Enjoy open and spacious floor plans filled with great natural light throughout. The property also includes a coin-operated laundry in the...Welcome to this well-maintained two-story duplex offering a fantastic investment opportunity with stable, immediate rental income. Each unit features 2 bedrooms and 1 full bath with approximately 1,000 square feet of living space. Both units are very clean, well cared for, and currently occupied by tenants, making this a true turnkey, income-producing property. Enjoy open and spacious floor plans filled with great natural light throughout. The property also includes a coin-operated laundry in the basement, providing additional revenue potential. A large parking lot offers ample off-street parking for tenants. Conveniently located near lcc, close to downtown dining & nightlife, and just minutes from old town & reo town, this property is perfectly situated for continued strong rental demanda solid, stable income earner ready to add to your portfolio.
  1. Listed by John Hagerty, Jr. • Brokerage DRE #6505276328BR • Five Star Real Estate - Lansing
    P: (517)-803-5868 C: (517)-803-5868 realtorjohnjames@gmail.com

Property Details for 514 North Walnut Street

Subdivision Name
ORIGINAL OF LANSING
Zoning Description
Residential
LISTING UPDATED: 07/14/2026 12:02 PM

Property Details for 514 North Walnut Street

StatusActive
MLS #630000294234
Days on Market133
Taxes$4,745 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential Income
Year Built1894
Lot Size0.32 AC / 13,939 SF
CountyIngham County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Five Star Real Estate - Lansing
Add your commute

Building Information for 514 North Walnut Street

Stories-Year Built1894Building Size-Lot Size0.32 AC / 13,939 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,142 per month

30 year fixed, 6.36% Interest

Principal and Interest

$747

Property Taxes

$395

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 514 North Walnut Street

Summary
Location and General Information
  • Directions: SAGINAW / WALNUT. SOUTH ON WALNUT TO DUPLEX
  • Latitude: 42.739128
  • Longitude: -84.556571
  • MLS Area Major: Area11012Lansing
Taxes and HOA
  • Parcel Number: 33010116129052
  • Tax Amount Summer: $4,745.00
  • Tax Annual Amount: $4,745.00
  • Tax Assessed Value: $55,321.00
  • Tax Legal Description: W 104 FT LOT 9 BLOCK 71 ORIG PLAT
  • Tax Year: 2025
School Information
  • High School District: Lansing
Parking
  • Parking Features: Concrete, Parking Lot
Property
Lot Information
  • Lot Size Acres: 0.32
  • Lot Size Dimensions: 66x104
Property and Assessments
  • State Equalized Value: 74600.0
  • Table: MF
  • Living Area: 1826.0
  • Above Grade Finished Area: 1826.0
  • Above Grade Finished Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Assessor
  • Year Built: 1894
Building Features
  • Construction Materials: Wood Siding
  • Foundation Details: Basement
  • Levels: Two
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Full
  • Has Basement: Yes
  • Heating: Hot Water, Natural Gas
  • Has Heating: Yes
  • Laundry Features: In Basement, See Remarks
Multi Family
Multi Family Information
  • Number of Units Total: 2
  • Unit Records: 2
Income & Expenses
  • Gross Scheduled Income: $19,200.00
  • Insurance Expense: $1,100.00
  • Net Operating Income: $12,540.00
  • Operating Expense: $5,300.00
Unit Information
Unit 1
  • Actual Rent: $800.00
  • Description: 1 Main Floor
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 912.0
  • Type: Two Bedroom
Unit 2
  • Actual Rent: $800.00
  • Description: 2 - Upstairs
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 912.0
  • Type: Two Bedroom
Agent
Sale and Listings
  • Public GLR Website: Yes

Property History for 514 North Walnut Street

DateEvent & SourcePriceAppreciation
May 27, 2026

Price Change

Realcomp #630000294234

$149,900—
Mar 4, 2026

Listed (Active)

Realcomp #630000294234

$158,500—
DateEvent & SourcePrice
05/27/2026

Price Change

Realcomp #630000294234

$149,900
03/04/2026

Listed (Active)

Realcomp #630000294234

$158,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 514 North Walnut Street

Taxable ValueLand$6,600Additions$63,200Total$69,800
Tax Record2024$4,474 ($373 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,826 SqFtAbove Grade Finished SqFt1,826 SqFtStories2Lot Size13,939 SqFtStyleSingle Family ResidenceYear Built1894CountyINGHAMAPN33-01-01-16-129-052Fireplace TypeHas Fireplace

Schools near 514 North Walnut Street

This home is within Lansing Public School District.
Rating
School
Type
Grades
Distance
Riddle Elementary School
Public - PK to 3
Pattengill Academy
Public - PK to 8
J.W. Sexton High School
Public - 9 to 12
Willow School
Public - PK to 5
Rating
School
Distance
Riddle Elementary School
PublicPK to 3

Pattengill Academy
PublicPK to 8

J.W. Sexton High School
Public9 to 12

Willow School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

More information about 514 North Walnut Street, Lansing, MI 48933

514 North Walnut Street is a single family home for sale in Lansing, MI 48933. This property was listed for sale on March 4, 2026 by Five Star Real Estate - Lansing, it's currently listed at $149,900. This listing's school district is Lansing Public School District. Nearby schools include Riddle Elementary School, Pattengill Academy and J.W. Sexton High School. 514 North Walnut Street is a 4-bed, 0-bath, 1,826 sqft single family home built in 1894.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Five Star Real Estate - Lansing

IDX provided courtesy of Realcomp II Ltd. via Compass and its related brokerages. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated on 07/14/2026 12:02 PM PST