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Lansing 48906 Eastside
930 Mahlon Street
$60,000
● House - Off Market

930 Mahlon Street

Lansing, MI 48906
bedrooms
2 Beds
bathrooms
1 Bath
square feet
704 Ft²
$472
Est. Monthly

About This Property

This city bungalow is looking for a new owner, and you could be it! Welcome to 930 Mahlon St.  The living, dining and kitchen areas have a nice flow making the space feel both open and cozy. This home features 2 main level bedrooms and 1 full bath.  The upper level on this bungalow is also finished and can be used as a great bonus space or extra storage. Property is being sold as is. The furnace recently inspected, and a few maintenance items were completed. Whether you a looking for your next home or you are looking for your next investment, schedule a tour today!
Unit Size
704 Ft²
Days on Market
19 days
Land Size
0.08 acres
Price per sqft
$97
Property Type
House
Property Taxes
$135
HOA Dues
-
Year Built
1923

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (MichRIC MLS #25053777)

Price History

Date / Event Date Event Price
Mar 10, 2026 Sold
Premium
Sold
Mar 1, 2026 In contract -
In contract
Feb 20, 2026 Relisted $68,499
Relisted
Feb 4, 2026 In contract -
In contract
Jan 10, 2026 Price Decreased $68,499
↓ $1K (2%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 704
  • Garage Type: 7
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,659
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 350
  • Total Building Area: 704
  • Gross Building Area: 704
  • Building Area: 704
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 704
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BERTON HEIGHTS SUB
  • Land Acres: 0000000084
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 32 BERTON HEIGHTS SUB

Neighborhood

  • School District Name: Lansing Public School District
  • School Tax School District: 33020
  • Census Tract: 003103

Geography

  • District: 01-01
  • Parcel: 33-01-01-10-410-061
  • Lot: 32
  • Municipality: LANSING CITY
  • Latitude: 42.7445
  • Longitude: -84.5306

    Address

  • Full Address: 930 Mahlon St
  • Legal Unit: 32
  • Address - House Number: 930
  • Address - Street Name: Mahlon
  • Address - Suffix Type: St
  • State: MI
  • City Name: Lansing
  • Carrier Code: C010
  • 4-Digit Zip Code: 5446
  • Zip Code: 48906

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,530

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 68
  • Final Value: 83,190
  • High Value: 102,183
  • Low Value: 64,198

    Market Valuation

  • Market Total Value: $56,800
  • Market Land Value: $5,600
  • Market Improvement Value: $51,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,400
  • Assessed Land Value: $2,800
  • Assessed Improvements Value: $25,600

    Sales

  • Current Sale Contract Date: Mar 27, 2009
  • Current Sale Recording Date: Mar 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2009-013793
  • Previous Sale Recording Date: Oct 09, 2008
  • Previous Sale Contract Date: Sep 26, 2008
  • Previous Sale Amount: $11,000
  • Previous Sale Document Type: 51
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Eastside

Stats & Trends

Median Asking:

$125,000

Sale Price/ft²

$109

Below Asking

0.05%

Average Days on Market

70

Average Home Size

980 ft²

Average Home Age

63.3 years

Currently For Sale

3 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 313 E St Joseph Street, MI, 48933

$950 /mo

  • 1 Bed
  • 1 Bath
313 E St Joseph Street, MI, 48933 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: My Smart Team, Production Realty
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 25053777
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 930 Mahlon Street built and last sold?
The property at 930 Mahlon Street was built in 1923 and last sold on Mar 27, 2009 for $56,000.
How much is this home worth?
The estimated value of the home located at 930 Mahlon Street is $0.
What are some comparable homes to 930 Mahlon Street?
There are currently no comparable homes to 930 Mahlon Street.
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