401 East Willard Apartments
401 East Willard, Lansing, MI 48910
The offering consists of an 11,042 SF, two-story brick building with garden-level units, constructed in 1969 on an approximately 0.43-acre site with ±30 parking spaces. With a current occupancy of approximately 94%, the asset offers investors a stabilized cash-flowing foundation while still providing meaningful upside through continued renovation and rent growth.
The unit mix includes 16 two-bedroom units and 2 one-bedroom units, positioning the property squarely within the most in-demand segment of the local renter market. Recent ownership has already completed capital improvements—including a new roof, gutters, and downspouts—and has renovated five units, creating a clear value-add runway through the renovation of remaining interiors and the potential to drive increased income over time.
Utility structure enhances long-term stability, as tenants pay their own electricity, while the landlord covers remaining utilities, supporting strong occupancy and consistent leasing in this segment of the market. Willard Apartments represents a compelling opportunity to acquire a well-located, durable multifamily asset at workforce-housing price points—ideal for investors seeking both immediate yield and future upside.
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Contacts
Martin Commercial Properties, Inc.
SIOR
Building Details
- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 11,042 SF
- Units 18
- Lot Size 0.43 Acre
- Cap Rate % 8.66
- Year Built 1969
- Date Updated Feb 16, 2026
Getting Around
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Walk Score ®
Very Walkable (75) -
Transit Score ®
Some Transit (37) -
Bike Score ®
Bikeable (54)
Location
- City Lansing, MI
- Zip Code 48910
- Market Lansing - Ann Arbor
Points of Interest
Valero
0.75 miles
Marathon
0.80 miles
Sunoco
0.83 miles
Kroger Fuel
0.95 miles
ChargePoint
1.09 miles
Citgo
1.14 miles
Admiral
1.32 miles
Clipper Creek
1.63 miles
Blink
1.78 miles
South Capitol Ramp
1.86 miles
Elliott-Larsen Lot
1.92 miles
Townsend Ramp
1.95 miles
South Grand Ramp
1.98 miles
Butler Lot
1.98 miles
Pine Lot
1.98 miles
Allegan Ramp
2.10 miles
Allegan Surface Lot
2.12 miles
Lot B
2.12 miles
Cedar Car Wash
0.28 miles
Kwik Car Wash
1.22 miles
WhiteWater Express - S Lansing
1.42 miles
Jolly Road Car Wash
2.22 miles
Tommy's Express Car Wash
2.74 miles
Ultra Clean Car Wash & Oil Change
3.10 miles
Fast Eddie's
3.33 miles
Spotless Auto Wash World
3.40 miles
Wash World
3.53 miles
Fleetwood Diner
0.35 miles
Mexicone
0.38 miles
Naing Myanmar Family Restaurant
0.39 miles
Tacos E Mas
0.52 miles
Slice by Saddleback
0.65 miles
Mikho's Mediterranean Cuisine
0.75 miles
Dairy Queen
0.78 miles
Subway
0.78 miles
Corey's Food & Cocktails
0.86 miles
Iwacu International Supermarket
0.54 miles
Kroger
1.02 miles
Viet Thai Market
1.12 miles
Great Giant Supermarket
1.20 miles
REO Town Marketplace
1.28 miles
Dong An Market
1.38 miles
International Market One
1.75 miles
Asean Food Mart
1.80 miles
ZZ's Market
1.82 miles
Central Pharmacy
0.82 miles
Cental Pharmacy
1.08 miles
Walgreens
1.08 miles
Lansing Urgent Care
1.48 miles
Medilodge of Capital Area
1.53 miles
NovaCare Rehabilitation
1.81 miles
US Department of Veterans Affairs Outpatient Clinic
2.02 miles
Clinton Eaton Ingham Community Mental Health
2.08 miles
University of Michigan Health - Sparrow Pharmacy Plus
2.15 miles
401 East Willard Listing Summary
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What is the asking price at 401 East Willard Apartments?
The asking price for 401 East Willard Apartments is currently available on demand. Contact the listing broker for details.
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What is the total size of 401 East Willard Apartments?
401 East Willard Apartments has a total of 11,042 square feet.
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What is the year built for 401 East Willard Apartments?
The year built for 401 East Willard Apartments is 1969.
Martin Commercial Properties, Inc.
SIOR
