Land with Home for Sale in East Lansing, Michigan
1954 E M 78, East Lansing, MI 48823
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
Location
- Street address
- 1954 E M 78
- County
- Ingham County
- Zip code
- 48823
- School district
- Haslett
- Elevation
- 865 feet
Property details
- Acreage
- 1.61 acres70,132 sq ft
- Zoning
- Residential
- MLS #
- MichRIC 26024752
- Posted
Property taxes
- 2025
- $14,300
Parcels
- 33-02-02-03-101-001
Legal description
M3-7 THAT PT OF NW FRL 1/4 OF NW FRL 1/4 LYING NW OF M-78 HWY, SEC 3, T4NR1W 3A.
Details and features
Listing
- Type
- Residential Multi Family
- Unit Count
- 2
Exterior
- Parking Spaces
- 4
Structure
- Water
- Well
- Sewer
- Public Sewer
- Heating
- Forced Air
- Cooling
- Central Air
- Materials
- Vinyl Siding
Interior
- Rooms
- Basement, Bathroom x 4, Bedroom x 6
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 10, 2026 | Price drop | $409,000 | $26,000 -6% | MichRIC |
| June 19, 2026 | Price drop | $435,000 | $14,000 -3.1% | MichRIC |
| May 26, 2026 | New listing | $449,000 | — | MichRIC |