1023 S Pennsylvania Ave, Lansing, MI, 48912
About This Home
Established 3-unit multi-family in Lansing's central Holmes Street area, fully occupied and producing steady rental income. Solid 1928-built brick-and-frame building offering approximately 2,305 square feet across three units. Off-street parking. Convenient to Sparrow Hospital, Frandor, and downtown a consistently strong rental location. Great buy-and-hold opportunity. Please do not disturb tenants. Buyer to verify all information. Rents: #1 $899 #2 $850 #3 $700 Property also has a garage that has been previously rented for $300 a month.
Getting Around
Somewhat Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Laundry features: Electric Dryer Hookup,Washer Hookup
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bathrooms: 1
Features
- Finished area above ground: 2,305
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: None
Property
Details
- Parcel number: 33010122130051
- Zoning description: Zoning
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 10,454 sqft
- Lot size dimensions: 78.5 x 134.4
Parking
- Total spaces: 3
- Parking features: On Street
- 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
How This Home’s Risks Compare
FEMA Declared Disasters in Ingham County and Michigan
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,263 | $15,156 |
| Home Insurance * | $158 | $1,896 |
| Property Taxes | $366 | $4,392 |
| Electricity | $188 | $2,259 |
| Total | $1,975 | $23,700 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Listed for sale | $249,800 |
| 2017-06-29 | Sold | $15,000 |
| 2008-09-12 | Sold | $21,000 |
| 2003-12-19 | Sold | $118,000 |
For Sale by Agent
View on Zillow