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5400 S Waverly Road, Lansing, MI 48911

Lansing
Local realty services provided by:CENTURY 21 Affiliated
5400 S Waverly Road,Lansing, MI 48911
$179,900
  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: dana costello
Office: berkshire hathaway homeservices
MLS#:299817
Source:MI_GLAR

Price summary

  • Price:$179,900

About this home

Investment opportunity in Lansing! This triplex offers three units with combined monthly rental income of $3,010. The units at 5400 Waverly and 3911 Phoenix each feature 2 bedrooms, 1 bathroom, and approximately 600 square feet, with each renting for $1,200 per month. The unit at 3913 Phoenix offers 1 bedroom, 1 bathroom, and approximately 600 square feet, renting for $610 per month to a longstanding tenant retained from the prior ownership on a month-to-month lease. The roof at 5400 Waverly has been inspected with no issues reported. The parcel also includes an open lot to the west, and the rental license is due for renewal in 2028. The same owner also owns 5316/5318 Waverly, Lansing, MI 48911, which is currently for sale, offering an opportunity to purchase an additional income property. Across all units, driveways have been filled and smoothed with crushed concrete, handrails have been installed at all front entrances, and gutters are cleaned annually. Tenants are responsible for...

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Home facts

  • Year built:1942
  • Subdivision & Development:None
  • Listing ID #:299817
  • Added:1 day(s) ago
  • Updated:October 09, 2026 at 09:52 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Basement Description:Crawl Space

Heating and cooling

  • Heating:Forced Air, Heating, Natural Gas

Structure and exterior

  • Year built:1942
  • Lot area:0.35 Acres
  • Construction Materials:Vinyl Siding
  • Levels:One

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$179,900

Features and amenities

  • Laundry features:In Unit

Parking

  • Parking description:Driveway

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