$1,420,000
$1,610,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
525 Seymour AVE Lansing, MI 48933
0.38 Acres Lot
Key Details
Sold Price $1,420,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Original Of Lansing
MLS Listing ID 293580
Sold Date 07/15/26
Year Built 1966
Annual Tax Amount $17,698
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions Irregular
Property Sub-Type Multi Family
Source Greater Lansing Association of REALTORS®
Property Description
Fully leased 23-unit apartment building located at 525 N Seymour St in Lansing, MI, just minutes from the State Capitol, downtown Lansing, and Lansing Community College. The property features a desirable unit mix of 11 one-bedroom/one-bath units and 12 two-bedroom/one-bath units, providing appeal to students, professionals, and long-term renters. With 100% occupancy, this asset offers immediate, stabilized cash flow from day one. Its central location near major employment centers, government offices, public transportation, and downtown amenities supports strong and consistent rental demand. An excellent opportunity for investors seeking a well-located multifamily property with long-term income stability and potential for future rent growth.
Location
State MI
County Ingham
Community Original Of Lansing
Direction Saginaw St west of the Grand River to Seymour St, south to property.
Rooms
Basement Partially Finished
Interior
Heating Baseboard, Forced Air, Hot Water, Radiant
Cooling None
Laundry Common Area
Exterior
Parking Features Parking Lot
View Y/N No
Building
Lot Size Range 0.38
Sewer Public Sewer
Schools
High Schools Lansing
School District Lansing
Others
Tax ID 33-01-01-16-129-151
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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