Old Forest Multifamily Homes & Duplexes for Sale

/18
$138,000
- 2,290 Sq Ft
1233/1235 N Walnut St, Lansing, MI 48906

Check out this great duplex. Each unit features 3 bedrooms and one bath, with hard wood floors and wood trim, also a full basement. Conveniently located near Old Town, with great shopping and dining. 1233 is on a month-to-month lease and 1235's lease goes through 11/1/2025. Can be purchased as a package with 1231 N. Walnut. Don't miss out contact me for a showing today.

Tina Batterson Weichert, Realtors - Home Towne

1233/1235 N Walnut St, Lansing, MI 48906
/27
$124,900
- 1,795 Sq Ft
916 Wisconsin Ave, Lansing, MI 48915

Take a look at this 2 unit home in Lansing. This home features a first-floor 2 bedroom, 1 full bath unit. The upstairs unit features a sun-porch, full kitchen, living room, 2 bedrooms, and 1 full bath. Shared laundry is located in the basement. Each unit has itâ€™s own meter for electricity. Lots of extra storage space in the detached garage with room for 1 car. Additional storage sheds

Kristen VanDeventer Century 21 Affiliated

916 Wisconsin Ave, Lansing, MI 48915
/7
$349,900
- 1,128 Sq Ft
1216 N Chestnut St, Lansing, MI 48906

Presenting a fantastic investment opportunity in the heart of Lansing! This property includes four fully occupied units at 1216 N Chestnut, along with the adjacent 1214 N Chestnut, offered as a portfolio sale. In total, these properties boast 7 units, all with reliable tenants in place, ensuring immediate rental income.Priced at $349,900 (for both properties), this is a prime chance to

Erika Sheets Bellabay Realty, LLC

1216 N Chestnut St, Lansing, MI 48906
/7
$349,900
- 1,824 Sq Ft
1214 N Chestnut St, Lansing, MI 48906

Presenting a fantastic investment opportunity in the heart of Lansing! This property includes three fully occupied units at 1214 N Chestnut, along with the adjacent 1216 N Chestnut, offered as a portfolio sale. In total, these properties boast 7 units, all with reliable tenants in place, ensuring immediate rental income.Priced at $349,900 (for both properties), this is a prime chance to

Erika Sheets Bellabay Realty, LLC

1214 N Chestnut St, Lansing, MI 48906
/6
$450,000
- 1,628 Sq Ft
911 Princeton Ave, Lansing, MI 48915

5 property portfolio, fully rented, over $80,000 annual gross rent. This would make the perfect addition to any seasoned investors portfolio or a great way to get your foot in the door to a new portfolio. 8 units total this consists of a Tri plex (849 Baker), a duplex (614 Waverley), 2 single family homes (614 Waverley, 911 Princeton) and a commercial space (610 Waverley). Call today for

Hunter Seyfarth Berkshire Hathaway HomeServices

911 Princeton Ave, Lansing, MI 48915

Michigan Lansing Old Forest

About Old Forest

Old Forest in Lansing is a neighborhood situated just north of Downtown Lansing and west of Old Town, known for its competitive home prices and walkable streets. The area is popular among investors, college students, and first-time homebuyers, with 60% of the population being renters. Home styles include older bungalows, Craftsman-style homes, and remodeled American Foursquares, with prices ranging from $40,000 to $175,000. The neighborhood is highly accessible, featuring bus routes 3 and 12, and is just 3 miles from Capital Region International Airport. Michigan State University is a 10-minute drive via Martin Luther King Jr. Boulevard and I-495. Residents enjoy dining options like Capital City BBQ and El Azteco, and shopping at Gorman’s Food Market and Capital City Market. For more extensive shopping, Lansing Mall is 4 miles west in Waverly. Comstock Park offers green space and a playground, while the Lansing River Trail provides a 20-mile pathway for walking and cycling. Lansing Community College and Michigan State University are nearby, with MSU being highly rated. Old Forest experiences less flooding than areas closer to the Grand River. However, noise pollution from the nearby airport can be an issue. Overall, Old Forest provides a mix of affordability, convenience, and local features, making it a practical choice for various residents.

Learn more about living in Old Forest

Home Trends in Old Forest, MI

On average, homes in Old Forest, Lansing sell after 37 days on the market compared to the national average of 47 days. The average sale price for homes in Old Forest, Lansing over the last 12 months is $99,230, down 8% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)

$100,012

Median Single Family Price

$95,025

Average Price Per Sq Ft

$79

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.40

Median List Price

$107,450

Median Discount From 1st List Price

Median Home Sale Price YoY Change

-10%

How to Buy a Home How to Finance a Home How to Sell a Home

In Old Forest, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $124,900 to $450,000, there's something for every budget. As of April, 2025 the median home price in Old Forest, Lansing is $107,450, while the average sale price is $99,230, providing insight into local market trends. On average, multi-family homes spend 37 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Old Forest, Lansing.

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