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135 S Francis Ave, Lansing, MI, 48912

2beds
1baths
743sqft
$82,900
$112price/sqft
$780/moest. monthly cost
$31,200/yrincome needed

About This Home

Investor Opportunity! This 2-bedroom, 1-bath home is currently rented and offers a fantastic opportunity for homeowners or investors alike in Lansing's beloved Eastside neighborhood — just steps from local coffee shops, parks, and more. Even better, you can expand your portfolio with additional neighboring properties also available for purchase: 129 S Francis, 133 S Francis, 135 S Francis, and 224 Mifflin Whether you're looking for a turnkey rental, a future owner-occupant project, or a multi-home investment package, this is a rare Eastside find with strong rental history and unbeatable location. Respectfully, no showings without proof of funds or a pre-approval letter.

Getting Around

81
WalkingVery Walkable
36
TransitSome Transit
79
BikeVery Bikeable

Schools

4/10
Pattengill AcademyGrades PK-70.7 mi
5/10
Eastern High SchoolGrades 7-120.7 mi
3/10
Sheridan RoadGrades PK,4-73.1 mi

Construction

Condition

  • Year built: 1907

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Oven,Range,Refrigerator,Water Heater
  • Laundry features: None

Basement

  • Has basement: Yes
  • Basement: None

Bedroom2

  • Level: First
  • Area: 99

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 72

Features

  • Flooring: Combination
  • Finished area below ground: 0
  • Finished area above ground: 743

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,486
  • Total interior livable area: 743 sqft

Kitchen

  • Level: First
  • Area: 126

Living Room

  • Level: First
  • Area: 168

Master Bedroom

  • Level: First
  • Area: 110

Property

Details

  • Parcel number: 33010114327082
  • Zoning description: Zoning
  • Foundation area: 743

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 33 x 132

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Strong Wind

FEMA Declared Disasters in Ingham County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $419$5,028
Home Insurance *$52$624
Property Taxes $121$1,452
Electricity $188$2,259
Total$780$9,360
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,742/yr
40% on housing$23,400/yr
45% on housing$20,800/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$112This listing

vs Other Active Listings

Avg $/sqft

ZIP 48912$68
Ingham County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 48912$127
Ingham County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-21Listed for sale$82,900
2026-04-15Contingent$82,900
2026-03-05Price change$82,900
2025-12-22Price change$84,900
2025-10-30Price change$94,900
2025-09-26Listed for sale$99,900
2024-07-24Listing removed--
2024-03-22Listed for rent$1,200
2019-03-26Sold$41,375
2019-03-06Pending sale$45,334
2018-11-16Listed for sale$45,334

For Sale by Agent

AgentAmy Jackson
BrokerageColdwell Banker Professionals-E.L.

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