PHENOMENAL INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 4X's the Income - This one is not to miss! This sought-after 4-unit provides GREAT IMMEDIATE INCOME. Rents total approximately $3,705 per month currently with potential room for growth.
Approximately 30K in updates in 2023 including windows, flooring, and roof. PHENOMENAL INVESTMENT OPPORTUNITY! All units are rented and all are ready to go! COL Certified, plus Section 8 Approved. All units have individual furnaces. Convienently located new highways, public transport, Downtown Lansing, and not far from MSU Campus & Sparrow. This property is part of a multi-unit portfolio with diverse income potential. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant's notice.
Financials available upon request.
Sold
$235,500
220 Smith Ave, Lansing, MI 48910
7beds
0baths
--sqft
MultiFamily
Built in 1912
-- sqft lot
$235,700 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: April 26, 2025 at 06:05pm
Listed by:
Amber Redman 517-881-6658,
Five Star Real Estate - Lansing
Source: Greater Lansing AOR,MLS#: 285480

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Laundry: None
Features
- Basement: Full
- Has fireplace: No
Interior area
- Finished area above ground: 3,027
Property
Parking
- Total spaces: 8
- Parking features: Driveway, Off Street
- Garage spaces: 8
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 9,147 sqft
Details
- Parcel number: 33010121380052
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
Condition
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lansing
- Subdivision: Park Place
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Services availability

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$235,700
2% more+ $4,714
With Showcase(estimated)
$240,414