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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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19541964 1954-1964 E Saginaw Hwy , East Lansing, MI 48823
$409,000
Est. Payment: $2,106.14/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 62
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House 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

Highlights

Listed by Jer-Waun Kirkland , 616-258-3103 616 Realty LLC , 616-272-3707. MichRIC

Property Type

Multi-Family

Lot/Acreage
1.61

Year Built

1940

County

Ingham

School District

Haslett

Listing ID

26024752

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Slab
Other:Well

Exterior Features

Garage Capacity:4
Sewer:Public Sewer
Principal Interest
$2,106
Taxes
$1,192

Home Price

$409,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$81,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,106.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,106.14 $1,191.67 $0.00 $3,297.81
Yearly $25,273.72 $14,300.00 $0.00 $39,573.72
Total $758,211.57 $429,000.00 $0.00 $1,187,211.57
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (East Lansing, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC