$449,000
East Lansing, MI 48823
MLS# 26024752
1 / 38
Property Description
Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing
Details
Documents
Location & Property Info
Cross Streets: Marsh Rd
Property Sub-Type: 2 to 4 Units
Municipality: Meridian Twp
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 1.61
Road Frontage: 555.24
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 1
Total # Bldgs: 2
Total Parking Spaces: 4
School District: Haslett
Lot Measurement: Acres
Lot Square Footage: 70132
Lot Acres: 1.61
Year Built: 1940
Tax Info
Taxable Value: 196344
SEV: 218000
For Tax Year: 2025
Seller's Annual Property Tax: 14300
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 2025
Zoning: Residential
Tax ID #: 33-02-02-03-101-001
Remarks & Misc
Public Remarks: Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented homes with leases expiring in August, giving flexibility for an owner-occupant or investor alike. Live in one home and rent out the other to help offset your mortgage while still benefiting from future development potential. Situated on a 1.61-acre parcel in the desirable Haslett School District with an impressive 555.24 feet of frontage on E M-78, this income-producing property offers strong cash flow today with major upside tomorrow. The seller has already received township approval for an additional structure with up to 5 more units, creating exceptional expansion and rental income potential. One home was custom built in 2022 while the second has been extensively updated, making this a rare opportunity for investors, multi-generational living, or long-term portfolio growth. Conveniently located near shopping, highways, dining, and Michigan State University. - 48 Hour Notice Required For Showing
Legal: M3-7 THAT PT OF NW FRL 1/4 OF NW FRL 1/4 LYING NW OF M-78 HWY, SEC 3, T4NR1W 3A.
Util Avail at Street
Public Sewer: 1
Utilities Attached
Electricity Connected: 1
Sewer
Public Sewer: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Basement: 1
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Other: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Substructure
Slab: 1
Owner Pays
None: 1
Unit 1
Unit #: 1
Unit Description: 1964- Ranch
SqFt: 2025
Occupied: Yes
Monthly Rent: 1900
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Central Air: 1
Dishwasher: 1
Garage: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: 1954- Cape Cod
SqFt: 1140
Occupied: Yes
Monthly Rent: 1400
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Dishwasher: 1
Garb Disp: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Negotiable: 1
Location Property Info
County: Ingham
Street #: 1954-1964
Street Direction: E
Street Name: Saginaw
Suffix: Street
State: MI
Zip Code: 48823
OfficeContract Info
Status: Active
Current Price: $449,000
List Price: $449,000
Listing Date: 2026-05-26
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding
Substructure: Slab
Sewer: Public Sewer
Water: Well
Utilities Attached: Electricity Connected
Util Avail at Street: Public Sewer
Owner Pays: None
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Terms Available: Cash; Conventional
Possession: Negotiable
Sale Conditions: None; Other
Unit 1: Central Air; Dishwasher; Garage; Garb Disp; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Dishwasher; Garb Disp; Range/Oven; Refrigerator; Washer/Dryer
Seller's Disclosure 
Listing Office: 616 Realty LLC
Listing Agent: Jer-Waun Kirkland
Last Updated: May - 29 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.