Address
815 Prospect Street, Lansing, MI
Price
$ 64,900
Property Attributes
- MLS#297891
- TypeMulti-Family
- Listing Status Active
- MunicipalityLansing City
- CountyIngham
- CityLansing
- AreaLansing City
- NeighborhoodGreen Oak
- Zip48912
- Style
- Year Built1903
- Price$ 64,900
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Lot Size0.1 Acres
Data Source:
Greater Lansing AOR (GLMLS)
Property Description
Unlock the potential of this oversized brick investment property in Lansing's Eastside redevelopment area. Previously configured as a 3-unit, this property offers multiple value-add opportunities for investors, flippers, and landlords looking for their next project. With the potential for up to 8 bedrooms and 3 full baths, the spacious layout provides flexibility for a variety of renovation plans. Many original hardwood floors, woodwork, and architectural details remain, making it an excellent candidate for a high-value restoration. This is a full-rehab project requiring major mechanical updates, but the size, character, and income potential make it well worth the investment. Whether you're building long-term rental cash flow, planning a fix-and-flip, or restoring a historic property, this is an opportunity to add significant value.
| Price History | |
|---|---|
| 7/24/2026 | Listed $75,000 |
| 8/11/2026 | 6$69,900 |
| 9/25/2026 | 8$64,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Cooling | None |
| Roof | Shingle |
| Construction Materials | Vinyl Siding,Brick |
| Year Built | 1903 |
| Township | Lansing City |
| Levels | Two and One Half |
| Property Subtype | Triplex |
| Tax Year | 2025 |
| County | Ingham |
| Property Type | Resid/Multi-Family |
| Attached Garage | false |
| Subdivision Name | Green Oak |
| Garage Y/N | No |
| Status | Active |
| Directions | Michigan to Penn S to Prospect W. to home |
| City | Lansing |
| Senior Community Y/N | No |
| High School District | Lansing |
| Zoning Description | Zoning |
| Number Of Units Total | 3 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 4356 |
| Carport Y/N | No |
| Land Lease Y/N | No |
| Lease Renewal Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Tax Assessed Value | 57036 |
| MobileHomeRemainsYN | No |
| Legal Description | E 2 R LOTS 8 & 10 BLOCK 7 GREEN OAK ADD |
| New Construction | None |
Interior Features
| Basement | Full |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Above Grade Finished Area | 2460 |
| Laundry Features | Laundry Room |
| Total Baths | 2 |
Exterior Features
| Parking Features | Driveway,No Garage |
|---|---|
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 0.1 |
| Spa | No |
| Lot Dimensions | 33x132 |
| Lot Size Acres | 0.1 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 48912
Price
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 27, 2026 7:20 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
