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3310 W Mt. Hope Ave 3310 W Mount Hope Ave 29 Unit Apartment Building For Sale Lansing, MI 48911
Investment Highlights
- Within a high-demand corridor supported by retail, healthcare, and employment centers, offering robust housing viability.
- Parking plan includes 55 stalls, exceeding municipal code minimum requirements.
- Preliminary site plan supports a 29-unit, 3-story layout (15 one-bedroom and 14 two-bedroom units).
- Strong connectivity to downtown Lansing, Michigan State University, and major highways (I-496, US-127).
- Zoned MFR with city rezoning approval; suitable for market-rate or LIHTC-driven development paths.
- 1.87-acre development site with approximately 439 feet of frontage along W. Mt. Hope Avenue.
Executive Summary
3310 W. Mt. Hope Avenue in Lansing offers a prime multifamily development opportunity within an expanding metropolitan corridor. The 1.87-acre infill site boasts approximately 439 feet of frontage on Mt. Hope Avenue and is fully positioned for a 29-unit build, based on an existing preliminary architectural plan. The proposed design includes three stories of wood-frame construction with a unit mix of 15 one-bedroom and 14 two-bedroom residences. Ample parking is incorporated into the plan, with 55 spaces provided—exceeding Lansing code minimums—ensuring convenient access for future residents.
The site is zoned MFR and benefits from recent City of Lansing rezoning approval, paving the way for multifamily product targeting conventional market-rate renters or leveraging Low-Income Housing Tax Credit (LIHTC) financing. Located near the Lansing Country Club, major retail corridors, and employment hubs, the property combines an advantageous location with strong area demographics. Proximity to Michigan State University and regional transportation routes such as I-496 and US-127 enhances connectivity, making this an appealing option for developers seeking to meet the growing demand for workforce housing in Lansing.
The site is zoned MFR and benefits from recent City of Lansing rezoning approval, paving the way for multifamily product targeting conventional market-rate renters or leveraging Low-Income Housing Tax Credit (LIHTC) financing. Located near the Lansing Country Club, major retail corridors, and employment hubs, the property combines an advantageous location with strong area demographics. Proximity to Michigan State University and regional transportation routes such as I-496 and US-127 enhances connectivity, making this an appealing option for developers seeking to meet the growing demand for workforce housing in Lansing.
Property Facts
| Sale Type | Investment | Lot Size | 1.87 AC |
| Sale Condition | Redevelopment Project | Building Size | 42,109 SF |
| No. Units | 29 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 36.09/1,000 SF |
| Building Class | B | ||
| Zoning | MFR - Commercial Zoned District | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 1.87 AC |
| Building Size | 42,109 SF |
| No. Stories | 6 |
| Year Built | 1926 |
| Parking Ratio | 36.09/1,000 SF |
| Zoning | MFR - Commercial Zoned District |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
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3310 W Mt. Hope Ave | 3310 W Mount Hope Ave
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