$1,050,000 for Sale
4221 n grand river, lansing, MI 48906
Property Description
Skyline Apartments is a well-maintained 12-unit multifamily property located along Lansing's northwest Grand River corridor. Built in 1965 and renovated in 2023, the property totals 7,760 SF across one two-story building with a garden-level layout. The unit mix consists of eleven 2-bed/1-bath apartments and one 1-bed/1-bath unit, averaging 783 SF. Current occupancy is 100%, generating over $13,000 in monthly rent with additional upside through continued rent growth and operational efficiencies. Priced at $1,100,000 ($91,667/unit), Skyline offers investors a multifamily investment opportunity, supported by Lansing's strong employment base anchored by Michigan State University, Sparrow Health, and General Motors.
General Information
Sale Price: $1,050,000
Price/SqFt: $135
Status: Active
MLS#: 878
City: lansing
Post Office: lansing
Schools: lansing public school district
County: Ingham
Subdivision: northwesternno 3
Acres: 0.29
Lot Dim: Irregular
Bedrooms:0
Bathrooms:12 (12 full, 0 half)
Size: 7,760 sq.ft.
Acreage: 0.29 est.
Year Built: 1965
Features & Room Sizes
Basement: No
Heating: Baseboard
Tax, Fees & Legal
Est. Summer Taxes: $19,250
Est. Winter Taxes: $2,991

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Michael McClafferty of OakPointe Real Estate Advisors
This listing last updated: Thu, March 26, 2026 at 12:49:38 PM EDT
MIRealSource Listing Data Last Updated On Sunday, April 5 2026 at 4:09am