This investment property located at 716 Community in Lansing, MI, offers a fantastic opportunity with two well-maintained duplex units. The 1-bedroom unit generates $750 per month in rent, while the 2-bedroom unit brings in $1,099 monthly. The property has been recently updated, featuring fresh paint throughout and brand-new vinyl plank flooring in nearly every room, providing a modern and low-maintenance finish. Additionally, the property has seen upgrades in key areas, including updated faucets and vanities, enhancing both the aesthetics and functionality. This duplex is a great turnkey option for investors seeking reliable rental income with a property that requires minimal immediate maintenance.
Sold for $126,078 on 03/21/25
$126,078
716 Community St, Lansing, MI 48906
3beds
2baths
--sqft
MultiFamily
Built in 1934
-- sqft lot
$172,500 Zestimate®
$--/sqft
$1,166 Estimated rent
Home value
$172,500
$154,000 - $191,000
$1,166/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 25, 2025 at 11:24am
Listed by:
Morgan Meredith 517-505-1422,
Keller Williams Realty Lansing
Bought with:
Giorgio Burigana, 6501440105
EXIT Realty Home Partners
Source: Greater Lansing AOR,MLS#: 285852
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
- Laundry: In Basement
Features
- Basement: Full,Michigan
- Has fireplace: No
Interior area
- Finished area above ground: 1,230
Property
Parking
- Total spaces: 3
- Parking features: Detached, Driveway, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch
- Pool features: None
- Spa features: None
- Fencing: Back Yard
Lot
- Size: 0.26 Acres
- Dimensions: 66 x 175
- Features: Back Yard, City Lot, Front Yard
Details
- Parcel number: 33010103151201
- Zoning description: Zoning
Construction
Type & style
- Home type: MultiFamily
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1934
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lansing
- Subdivision: East Street
Other
Other facts
- Listing terms: Cash,Conventional,FHA,MSHDA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2025 | Sold | $126,078-3% |
Source:  Greater Lansing AOR #285852 | ||
| 3/11/2025 | Pending sale | $130,000 |
Source: Greater Lansing AOR #285852 | ||
| 2/21/2025 | Contingent | $130,000 |
Source: Greater Lansing AOR #285852 | ||
| 2/7/2025 | Price change | $130,000-3.7% |
Source: Greater Lansing AOR #285852 | ||
| 1/22/2025 | Listed for sale | $135,000+51.7% |
Source: Greater Lansing AOR #285852 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,043 | $52,600 +9.4% |
| 2023 | -- | $48,100 +13.2% |
| 2022 | -- | $42,500 +11.3% |
Find assessor info on the county website
Neighborhood: 48906
Nearby schools
GreatSchools rating
- 3/10Sheridan RoadGrades: PK,4-7Distance: 0.5 mi
- 4/10Eastern High SchoolGrades: 7-12Distance: 2 mi
- 2/10Gier Park SchoolGrades: PK-3Distance: 0.5 mi
Schools provided by the listing agent
- High: Lansing
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$172,500
2% more+ $3,450
With Zillow Showcase(estimated)
$175,950