new - 6 days on rocket

131 S Hosmer St, Lansing, MI, 48912

$189,900

Home List Price

$2,255*

Closing Credit

0 Baths
Multi

Location

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131 S Hosmer St, Lansing$189,900

Buyer Closing Credits

$2,255*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway, Off Street
Year Built1895
HeatingForced Air, Natural Gas
CoolingNone
BasementYes
MLS #285479
Lot Size0.10 Acres
StatusActive

About 131 S Hosmer St

GREAT INVESTMENT OPPORTUNITY! Calling all Lansing area new or seasoned investors - 3X's the Income - This one is not to miss! This sought-after 3-unit provides Great Immediate Income. Rents total approximately $2,250 per month currently with potential room for growth. Separate utilities all currently paid by the tenants. Prime locattion near Lansings Stadium District, Downtown, Sparrow Hospital, MSU Campus and highways/bus routes. Conveniently located near downtown this three-unit rental offers newer vinyl siding, windows, flooring, paint, and roof. The lower unit has 2 bedrooms with the upper two being one bedroom each. All units are rented! All units have separate utilities, including water which is quite costly to do and very rare. All utilities are the responsibility of the tenant. Don't miss out on this money-making opportunity! This property is part of a multi-unit portfolio with diverse income potential. * 220 Smith: 4 UNIT- 3; 2; 1& 1BR * 131 S Hosmer: 3 UNIT- 2; 1 & 1BR * 1219 N Washington: 3 UNIT- 1; 1BR & Studio * 1223 N Washington: 2 UNIT- 2 & 1BR. Properties can be sold individually or as a full portfolio. ALL PROPERTY RENTS CURRENTLY TOTAL $10,043/MO. ALL units are already rented. Please allow at least 24 hours to schedule showings due to tenant notice. Financials available upon request.

Property Details

Property Features

Property Information:

  • Year Built: 1895

Listing Office:

  • Office Name: Five Star Real Estate - Lansing
  • Office Phone: (616) 531-0028
  • Listing Agent: Amber Redman

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: South on Hosmer, Near Hosmer & Eureka

Price Information

Listing Price Info

Price Summary:

  • List Price: $189,900

Tax Information:

  • Annual Amount: $2,600
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lansing, MI.

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Lansing, MI

City

Med. Sold Price

$155K

Med. Price/SqFt

$119

Avg. Days On Market

31

# of Sold Homes

135

131 S Hosmer St vs Lansing

6 DAYS ON ROCKET

-25 Days

$189,900

+$34.9K More

KEY TAKEAWAY

This property is $34.9K more than the Median Sold Price in Lansing, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Lansing Association of REALTORS®
  • MLS Number: #285479

Listing Office:

  • Office Name: Five Star Real Estate - Lansing
  • Office Phone: (616) 531-0028
  • Listing Agent: Amber Redman

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 11:51:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 29, 2007Home Sold
$71,361
Nov 17, 2005Home Sold
$106,000
Feb 09, 2004Home Sold
$87,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,600$41,100
2020$2,520$36,700
2019$2,380$35,100
2018$2,256$29,500
2017$2,256$28,200

History based on county public records data.

Payment Calculator

$1,015

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$636

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-88017
5
/10

  • Pattengill School

  • 815 N Fairview Ave

  • 1.18 miles

  • Public Magnet Grades PK-6

school-card-donut-88018
5
/10

  • Willow School

  • 1012 W Willow St

  • 1.75 miles

  • Public District Grades PK-4

school-card-donut-88019
1
/10

  • Gier Park School

  • 401 E Gier St

  • 1.88 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,786. Typical income of Lansing, MI residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Ingham County›Lansing›48912›131 S Hosmer St

This home is located at 131 S Hosmer St in Lansing, MI and zip code 48912 in the Green Oaks neighborhood. This home, which was built in 1895, sits on a 0.10 acre lot. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $189,900.

Over 42 listings were sold over their listed price in December 2024 in Lansing, MI. In the same period over 65 listings were sold below the listed price and 28 listings were sold for the listed price. The number of homes for sale in Lansing, MI decreased by 9.4% between November 2024 and December 2024. While the average time on the market in December 2024 was 31 days, the median list price was $155,000.

From Rocket Homes Real Estate and based on county public records data.

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