1954-1964 E Saginaw Street, East Lansing, MI 48823 (MLS# 26024752)

1954-1964 E Saginaw Street, East Lansing, MI 48823

$449,000

Property Type: Multi Family Lot Size (sq. ft.): 70,132 Status: Active

Current Price: $449,000 List Date: 5/26/2026 Last Modified: 6/18/2026

Overview

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

Listing Details MLS# 26024752

Location Property Info

County: Ingham
Street #: 1954-1964
Street Direction: E
Street Name: Saginaw
Suffix: Street
State: MI
Zip Code: 48823

General Property Info

Lot Measurement: Acres
Lot Square Footage: 70132
Lot Acres: 1.61
Lot Dimensions: 1.61
Year Built: 1940
New Construction: No
Cert of Compliance: Yes
Road Frontage: 555.24
Total # Units: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: 2
Total Parking Spaces: 4
Waterfront: No
School District: Haslett
Basement: Yes

Tax Info

Tax ID #: 33-02-02-03-101-001
Taxable Value: 196344
SEV: 218000
For Tax Year: 2025
Seller's Annual Property Tax: 14300
Tax Year: 2025
Spec Assessment & Ty: 2025
Zoning: Residential
Homestead %: 0

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: 1964- Ranch
SqFt: 2025
Occupied: Yes
Monthly Rent: 1900
Bathrooms: 2
Full Baths: 2
Central Air: Yes
Dishwasher: Yes
Garage: Yes
Garb Disp: Yes
Range Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

More Information

Unit 2

Unit #: 2
Unit Description: 1954- Cape Cod
SqFt: 1140
Occupied: Yes
Monthly Rent: 1400
Bathrooms: 2
Full Baths: 2
Dishwasher: Yes
Garb Disp: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

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

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: Yes

Utilities Attached

Electricity Connected: Yes

Sewer

Public Sewer: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

In Basement: Yes

Exterior Material

Vinyl Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes
Other: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Substructure

Slab: Yes

Owner Pays

None: Yes

Possession

Negotiable: Yes

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

Documents

Seller's Disclosure ›

LBP ›

Listing Office: 616 Realty LLC

Listing Agent: Jer-Waun Kirkland

Last Updated: June - 18 - 2026

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