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529 Cherry St, Lansing, MI, 48933

3beds
1baths
--sqft
$175,000
--price/sqft
$1,476/moest. monthly cost
$59,040/yrincome needed

About This Home

Welcome to 529 Cherry Street, a well-maintained two-unit investment property located in Lansing's historic district. This fully leased multi-family offers immediate income potential and strong rental appeal. The main level (Unit A) features a one-bedroom layout with a spacious living room complete with a fireplace, a nicely appointed kitchen with included appliances, in-unit laundry, and a generous bedroom. The upper unit spans the second and third floors, offering a two-bedroom layout plus an impressive loft space on the third level. This unit includes a comfortable living area and kitchen, 1.5 Bathrooms with laundry conveniently located in the basement. Each unit is separately metered, with tenants responsible for gas, electric, water, and sewer. The landlord covers lawn care, snow removal, and trash service. The property also includes a dedicated parking pad accommodating up to four vehicles—an added convenience for tenants. A solid opportunity for investors looking to add a fully occupied property in a desirable rental location—schedule your showing today!

Getting Around

73
WalkingVery Walkable
56
TransitGood Transit
72
BikeVery Bikeable

Schools

4/10
Pattengill AcademyGrades PK-71.7 mi
3/10
J.W. Sexton High SchoolGrades 7-121.4 mi
4/10
Lewton SchoolGrades PK-72.4 mi

Construction

Condition

  • Year built: 1906

Materials

  • Foundation: Brick/Mortar
  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Water Heater
  • Laundry features: Laundry Room,Lower Level,Main Level

Basement

  • Has basement: Yes
  • Basement: Full,Michigan

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1

Features

  • Flooring: Carpet,Vinyl,Wood
  • Finished area above ground: 1,280

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Separate Meters
  • Cooling features: Central Air

Property

Details

  • Parcel number: 33010116457071
  • Zoning description: Zoning

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Front Porch
  • Fencing: Back Yard

Lot

  • Lot size: 4,791 sqft
  • Features: Back Yard
  • Lot size dimensions: 37.1 x 66

Parking

  • Total spaces: 4
  • Parking features: No Garage,Parking Pad