2729 Martin Luther King Jr Blvd, Lansing, MI, 48906
About This Home
Fully occupied duplex in Lansing offering immediate rental income and strong investment potential. The property is currently rented by a long term family who would love to remain, creating a stable income opportunity. Unit 1 rents for $825 per month and Unit 2 rents for $975 per month, for a total monthly income of $1,800 and annual gross income of $21,600. Each unit includes 1 bedroom, 1 full bathroom, a kitchen, and living space. The property also features a full basement with laundry and storage, off street parking, and a spacious yard. Conveniently located near downtown Lansing with easy access to shopping, dining, major employers, Lansing Community College, Michigan State University, and Capital Region International Airport. Ideal for investors or owner-occupants looking to offset... a mortgage with rental income.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Roof: Shingle
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Cape Cod
- Property subType: Duplex
Interior
Appliances
- Appliances included: Gas Water Heater
- Laundry features: In Basement
Basement
- Has basement: Yes
- Basement: Daylight,Full
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Features
- Window features: Double Pane Windows
- Flooring: Tile,Wood
- Finished area above ground: 1,462
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: None
Property
Details
- Parcel number: 33010105404081
- Zoning description: Zoning
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch,Rear Porch
- Exterior features: Private Yard
- Fencing: Back Yard,Partial
- Frontage type: Other
Lot
- Lot size: 0.38 Acres
- Features: Back Yard,Front Yard,Private
- Lot size dimensions: 90.75 x 181
Parking
- Total spaces: 4
- Parking features: Circular 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
- Cold Wave
- Strong Wind
- Tornado
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 | $687 | $8,244 |
| Home Insurance * | $94 | $1,128 |
| Property Taxes | $199 | $2,388 |
| Electricity | $188 | $2,259 |
| Total | $1,168 | $14,016 |
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 |
|---|---|---|
| 2026-03-31 | Price change | $149,000 |
| 2026-03-05 | Listed for sale | $154,000 |
| 2023-09-20 | Sold | $85,000 |
| 2023-08-21 | Contingent | $95,000 |
| 2023-08-08 | Price change | $95,000 |
| 2023-08-07 | Listed for sale | $99,900 |
| 2023-07-06 | Pending sale | $99,900 |
| 2023-06-14 | Listed for sale | $99,900 |
| 2022-09-30 | Listing removed | -- |
| 2022-08-05 | Listed for sale | $95,000 |
| 2022-07-29 | Contingent | $95,000 |
| 2022-05-11 | Listed for sale | $95,000 |
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