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1006 S Pennsylvania Ave, Lansing, MI, 48912

4beds
2baths
781sqft
$149,000
$191price/sqft
$1,253/moest. monthly cost
$50,120/yrincome needed

About This Home

Duplex investment opportunity. Welcome to 1006 S Pennsylvania Ave, a multi unit property offering strong rental potential. The lower unit has been fully updated with modern finishes, while the upper unit provides additional living space and income opportunity. Currently tenant occupied with leases in place, providing immediate cash flow. Recent updates include a newer roof and mostly new windows. Situated on a double lot with a fenced yard and detached garage, offering added value and flexibility. A great opportunity for investors looking to expand their portfolio with a property that combines updates, income, and long term potential.

Getting Around

65
WalkingSomewhat Walkable
44
TransitSome Transit
74
BikeVery Bikeable

Schools

4/10
Pattengill AcademyGrades PK-71.5 mi
5/10
Eastern High SchoolGrades 7-121.3 mi
4/10
Lyons SchoolGrades PK-31.5 mi

Construction

Condition

  • Year built: 1929

Materials

  • Construction materials: Shingle Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 to 4 Units

Interior

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Heating

  • Heating features: Forced Air

Interior Area

  • Total interior livable area: 781 sqft

Property

Details

  • Parcel number: 33010122107212
  • Zoning description: R2

Lot

  • Lot size: 9,147 sqft
  • Lot size dimensions: 44 x 124

Parking

  • Total spaces: 2

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 $753$9,036
Home Insurance *$94$1,128
Property Taxes $218$2,616
Electricity $188$2,259
Total$1,253$15,036
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$42,960/yr
40% on housing$37,590/yr
45% on housing$33,413/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

$191This listing

vs Other Active Listings

Avg $/sqft

ZIP 48912$67
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
2026-04-09Listed for sale$149,000
2025-01-10Listing removed$900
2024-11-08Listed for rent$1,050

For Sale by Agent

AgentKristeen Hulliberger
BrokerageFive Star Real Estate (Ada)

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