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216 Reo Ave #1-2-3, Lansing, MI, 48910

3beds
3baths
--sqft
$95,000
--price/sqft
$874/moest. monthly cost
$34,960/yrincome needed

About This Home

3 Unit - all month to month Tenants. Rents are $500, $550 and $675. Plenty of notice for showings needed. Owner pays Utilities. Stove and refrigerator in each unit. Unit to right of front door is a studio, no bedroom. Upstairs unit has access to upper level deck (above front porch).

Getting Around

73
WalkingVery Walkable
38
TransitSome Transit
71
BikeVery Bikeable

Schools

4/10
Lewton SchoolGrades PK-71.9 mi
3/10
J.W. Sexton High SchoolGrades 7-121.5 mi
6/10
Cavanaugh SchoolGrades PK-31.9 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Shingle
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Laundry features: None

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Finished area above ground: 1,431

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: None

Property

Details

  • Parcel number: 33010121328091
  • Zoning description: Zoning

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Covered,Front Porch

Lot

  • Lot size: 2,178 sqft
  • Lot size dimensions: 33 x 71

Parking

  • Total spaces: 3
  • Parking features: No Garage

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
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Tornado
Winter Weather

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 $480$5,760
Home Insurance *$67$804
Property Taxes $139$1,668
Electricity $188$2,259
Total$874$10,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$29,965/yr
40% on housing$26,220/yr
45% on housing$23,306/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 48910$73
Ingham County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 48910$123
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)

No zestimate history available

Price History

DateEventPrice
2026-04-30Listed for sale$129,900

For Sale by Agent

AgentSonya Pentecost, Associate Broker
BrokerageBerkshire Hathaway HomeServices

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