Investor opportunity! Four 2-bedroom, 1-bath ranch duplex units offered together, providing an income-producing portfolio with strong rental fundamentals. All units feature in-unit laundry, separate gas and electric, individual furnaces and water heaters, and carports. Tenants pay their own trash. Three units are currently occupied, with the fourth scheduled for move-in 9/11/2026. Current rents: 2112 - $930/mo (8/1/25-7/31/27); 2114 - $1,000/mo (7/9/26-7/31/27); 2116 - $985/mo (8/1/25-7/31/27); 2118 - $975/mo (9/11/26-9/30/27). Rental license valid through 8/1/2029. Cash-flowing investment with established tenants and desirable individual utility setup. The property is conforming to local zoning codes.
Southside, located between Downtown Lansing and Holt, is a residential and industrial Lansing neighborhood with river-adjacent green space and a grid of long, working streets. The neighborhood’s character concentrates around the South Washington Avenue corridor near Mount Hope Avenue, where auto shops, taquerias, corner markets, and small storefronts line the traffic. Housing ranges from early-20th-century bungalows and modest two-stories to postwar ranches, with alleys and deep lots shaping the streetscape. The Lansing River Trail and nearby parks set a steady outdoor rhythm along the Grand River. The Potter Park Zoo and the historic Potter Park area act as cultural anchors for weekend routines. A short drive north, REO Town’s The Robin Theatre and Sleepwalker Spirits & Ale connect the Southside to Lansing’s maker-and-music scene.
Provided by Walk Score and Local Logic
Market insights
2112 Ferrol St · $299,000
DAYS ON MARKET
34 days
The average home goes pending in 35 days.
SALE-TO-LIST
99.8%
Most homes are selling 0% below list price.
LIST PRICE
$299,000
Median sale price in this area is $234,232. (22% lower than this home)
PRICE DROP
0 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Carpet, hardwood, and vinyl flooring
Crawl space basement
Bedrooms
Multiple 2-bedroom units (several units configured as 2-bedroom)
Bathrooms
Multiple 1-bathroom units (each unit has 1 bathroom)
Laundry & utility
In-unit laundry on the main level
Flooring
Carpet
Hardwood
Vinyl
Heating & cooling
Forced air heating fueled by natural gas
No central cooling
Exterior features
Back yard
Dog run
Fenced backyard
Home design
Duplex residential income property
One level
Parking
Six total parking spaces
Covered carport (6 spaces)
Driveway parking
Construction
Wood siding
Shingle roof
Utilities
Public water
Public sewer
Financial info
Property used as residential income (multiple 2-bedroom/1-bath units with existing rents listed for units)
Other
Additional parcel recorded (parcel ID: 33-01-01-32-101-161)
Electricity and solar
View estimated energy costs and solar savings for this home
The R-3 Suburban Residential District is intended to accommodate a more flexible rural character in the City. Deep lots are typical with variable setbacks. Typical character types include ranch and minimal traditional, often with side-facing gable roofs.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Senior
Park & open space
Climate risks
6/10 Flood Factor
Estimated 70-78% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lansing, MI • 48910
Average low and high temperatures (°F)
27
15
34
19
52
31
61
40
67
47
80
60
84
64
79
59
76
54
64
43
48
35
35
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2112 Ferrol St
$291,293
$7,708 under list price of $299K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $103K to $262K.