Real Estate Investment Properties for Sale in East Lansing, MI

Looking for investment property in East Lansing, MI with high ROI ?

Explore a variety of short-term homes & houses in East Lansing, MI. Invest wisely with VRBO & East Lansing, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in East Lansing, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
421 W Lake Lansing Road East Lansing, MI Welcome home to 421 W Lake Lansing Rd! This 3 bedroom, 1 bath ranch sits on a generous 0.6...	3 beds \| 1 baths \| 880 sq.ft.	$159,000	Airbnb cash on cash: 3.89% Traditional cash on cash: 6.89% Airbnb Rental Income: $1504 Traditional Rental Income: $1520 Airbnb ROI: 3.89% Traditional ROI: 6.89%
2480 Overglen Court East Lansing, MI Welcome to this stunning brick home, where timeless elegance meets everyday comfort. A cir...	4 beds \| 4 baths \| 4,185 sq.ft.	$889,900	Airbnb cash on cash: -2.03% Traditional cash on cash: 1.43% Airbnb Rental Income: $1428 Traditional Rental Income: $3873 Airbnb ROI: -2.03% Traditional ROI: 1.43%
6150 Cobblers Drive #104 East Lansing, MI Great location near MSU's campus to own a condo for less than renting! This 2 Bedroom, 1.5...	2 beds \| 2 baths \| 1,072 sq.ft.	$119,900	Airbnb cash on cash: -2.12% Traditional cash on cash: 0.9% Airbnb Rental Income: $1123 Traditional Rental Income: $1096 Airbnb ROI: -2.12% Traditional ROI: 0.9%
221 Kensington Road East Lansing, MI Photos coming 6/10, showings begin 6/11 In the heart of historic, walkable Chesterfield ...	3 beds \| 2 baths \| 1,660 sq.ft.	$339,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 3.76% Airbnb Rental Income: $1504 Traditional Rental Income: $2233 Airbnb ROI: 0.1% Traditional ROI: 3.76%
523 Bainbridge Drive #45 East Lansing, MI Welcome to this fully remodeled 2-bedroom, 1.5-bathroom condo in the heart of East Lansing...	2 beds \| 2 baths \| 1,061 sq.ft.	$145,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 7.01% Airbnb Rental Income: $1003 Traditional Rental Income: $1510 Airbnb ROI: 0.8% Traditional ROI: 7.01%
6031 Rutherford Avenue East Lansing, MI	3 beds \| 1 baths \| 829 sq.ft.	$197,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 2.2% Airbnb Rental Income: $1416 Traditional Rental Income: $1172 Airbnb ROI: 1.23% Traditional ROI: 2.2%
6380 Island Lake Drive East Lansing, MI Whitehill's Lakes' newest offering! One of a kind Contemporary style 5,400 +- sq. ft. walk...	3 beds \| 3 baths \| 5,248 sq.ft.	$779,900	Airbnb cash on cash: -1.54% Traditional cash on cash: 0.17% Airbnb Rental Income: $1795 Traditional Rental Income: $2553 Airbnb ROI: -1.54% Traditional ROI: 0.17%
466 Wayland Avenue East Lansing, MI Welcome to 466 Wayland Ave in East Lansing, this beautifully updated home combines classic...	3 beds \| 2 baths \| 1,464 sq.ft.	$285,000	Airbnb cash on cash: 2.24% Traditional cash on cash: 5.08% Airbnb Rental Income: $1869 Traditional Rental Income: $2132 Airbnb ROI: 2.24% Traditional ROI: 5.08%
1311 W Saginaw Street East Lansing, MI Great location! Conveniently located to most anything you need, including college. This Ca...	4 beds \| 1 baths \| 1,152 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.27% Airbnb Rental Income: $null Traditional Rental Income: $1701 Airbnb ROI: N/A Traditional ROI: 4.27%
6160 Innkeepers Court #57 East Lansing, MI Great condo in East Lansing, Meridian Twp. Close to MSU and the Bus lines. 2 bedroom, 1.5 ...	2 beds \| 2 baths \| 1,072 sq.ft.	$134,900	Airbnb cash on cash: -1.89% Traditional cash on cash: 4.93% Airbnb Rental Income: $1123 Traditional Rental Income: $1631 Airbnb ROI: -1.89% Traditional ROI: 4.93%
1227 Chartwell Carriage Way East Lansing, MI Inviting waterfront condo to enjoy sunsets and nature views. Entry foyer leads to roomy ki...	3 beds \| 2 baths \| 2,247 sq.ft.	$244,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 8.41% Airbnb Rental Income: $1504 Traditional Rental Income: $2986 Airbnb ROI: 0.07% Traditional ROI: 8.41%
6160 Innkeepers Court #56 East Lansing, MI	2 beds \| 2 baths \| 1,072 sq.ft.	$135,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 4.87% Airbnb Rental Income: $1123 Traditional Rental Income: $1503 Airbnb ROI: -0.97% Traditional ROI: 4.87%
2056 E M 78 East Lansing, MI Prime redevelopment opportunity on 2 acres with 160 feet of frontage on M-78 (Saginaw High...	2 beds \| 2 baths \| 1,448 sq.ft.	$350,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 3.88% Airbnb Rental Income: $1003 Traditional Rental Income: $1972 Airbnb ROI: -0.15% Traditional ROI: 3.88%
151 Kedzie Street East Lansing, MI Prime location in downtown East Lansing! Within convenient walking distance of Eli and Edy...	3 beds \| 2 baths \| 1,128 sq.ft.	$299,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.61% Airbnb Rental Income: $1645 Traditional Rental Income: $1847 Airbnb ROI: 1.25% Traditional ROI: 3.61%
820 Chittenden Drive East Lansing, MI A truly rare offering! This cherished home has never ever before been for sale. 86 years. ...	3 beds \| 2 baths \| 1,446 sq.ft.	$299,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 4.61% Airbnb Rental Income: $1645 Traditional Rental Income: $2143 Airbnb ROI: 1.19% Traditional ROI: 4.61%
3340 Hamlet Circle East Lansing, MI Wonderful condo in the Villas at Stratford Place. Tons of storage in the heated attic! Spa...	3 beds \| 2 baths \| 1,652 sq.ft.	$335,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 3.4% Airbnb Rental Income: $1504 Traditional Rental Income: $2550 Airbnb ROI: -1.32% Traditional ROI: 3.4%
2353 Sapphire Lane East Lansing, MI Spectacular, freshly painted, freestanding site condo located in the highly sought-after S...	3 beds \| 3 baths \| 2,843 sq.ft.	$529,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 2.95% Airbnb Rental Income: $1869 Traditional Rental Income: $3103 Airbnb ROI: -0.56% Traditional ROI: 2.95%
2361 Sapphire Lane East Lansing, MI Welcome to 2361 Sapphire Lane, Okemos. This custom designed, enhanced home has approx. 3,1...	3 beds \| 3 baths \| 3,198 sq.ft.	$538,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 1.95% Airbnb Rental Income: $1869 Traditional Rental Income: $2637 Airbnb ROI: -0.58% Traditional ROI: 1.95%
3406 Hamlet Circle East Lansing, MI Sellers offer one-year HOA dues paid at closing with acceptable offer! Welcome to this lig...	3 beds \| 2 baths \| 1,722 sq.ft.	$349,900	Airbnb cash on cash: -1.96% Traditional cash on cash: 2.28% Airbnb Rental Income: $1504 Traditional Rental Income: $2458 Airbnb ROI: -1.96% Traditional ROI: 2.28%
6080 Southridge Road East Lansing, MI East Lansing - Stunning Custom Home in Whitehills South - Over 4,000 Sq. Ft. of Luxury Liv...	5 beds \| 5 baths \| 4,018 sq.ft.	$969,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.59% Airbnb Rental Income: $null Traditional Rental Income: $5247 Airbnb ROI: N/A Traditional ROI: 2.59%
666 Gunson Street East Lansing, MI Tucked into one of East Lansing's most beloved neighborhoods, 666 Gunson Ave is the kind o...	4 beds \| 3 baths \| 2,011 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $2904 Airbnb ROI: N/A Traditional ROI: 4.36%
1954-1964 E Saginaw Street East Lansing, MI Rare value-add opportunity at 1954-1964 E M-78 in East Lansing featuring two fully rented ...	6 beds \| N/A baths \| N/A	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.84% Airbnb Rental Income: $null Traditional Rental Income: $2576 Airbnb ROI: N/A Traditional ROI: 1.84%
922 E Michigan Avenue East Lansing, MI LOCATION. OPPORTUNITY. POTENTIAL. Rare opportunity to own a home directly across from Mich...	3 beds \| 2 baths \| 1,958 sq.ft.	$290,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 6.01% Airbnb Rental Income: $1504 Traditional Rental Income: $2437 Airbnb ROI: 0.98% Traditional ROI: 6.01%
535 Glenmoor Road #1A East Lansing, MI I'm excited to share a new listing you won't want to miss! This 3-bedroom condo, offering ...	3 beds \| 1 baths \| 1,190 sq.ft.	$159,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.36% Airbnb Rental Income: $1504 Traditional Rental Income: $1657 Airbnb ROI: 0.48% Traditional ROI: 4.36%
3725 Shearwater Lane East Lansing, MI Welcome home to 3725 Shearwater! Built by Mayberry Homes and ideally situated directly acr...	3 beds \| 3 baths \| 1,610 sq.ft.	$345,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 4.09% Airbnb Rental Income: $1504 Traditional Rental Income: $2310 Airbnb ROI: 0.25% Traditional ROI: 4.09%
5531 Songbird Point #6 East Lansing, MI Haslett - Amazing and unique free-standing walk-out lower-level site condo in the desirabl...	1 beds \| 2 baths \| 1,476 sq.ft.	$399,900	Airbnb cash on cash: -2.69% Traditional cash on cash: 1.32% Airbnb Rental Income: $960 Traditional Rental Income: $2113 Airbnb ROI: -2.69% Traditional ROI: 1.32%
613 Ibis Circle East Lansing, MI Welcome home to luxury golf course living at its finest, where every season brings breatht...	4 beds \| 4 baths \| 3,499 sq.ft.	$589,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $4649 Airbnb ROI: N/A Traditional ROI: 5.35%
624 Aquila Drive East Lansing, MI 624 Aquila - where an intentional & layered offer has created a place you will want to ret...	3 beds \| 3 baths \| 3,740 sq.ft.	$749,900	Airbnb cash on cash: -1.7% Traditional cash on cash: 0.3% Airbnb Rental Income: $1504 Traditional Rental Income: $2458 Airbnb ROI: -1.7% Traditional ROI: 0.3%
1420 Roxburgh Avenue East Lansing, MI Just minutes from Michigan State University, this spacious 3-bedroom condo offers the perf...	3 beds \| 2 baths \| 1,344 sq.ft.	$200,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 3.9% Airbnb Rental Income: $1504 Traditional Rental Income: $1937 Airbnb ROI: -0.7% Traditional ROI: 3.9%
4108 Palomino Drive East Lansing, MI Comfort and modern convenience come together beautifully in this inviting two-story home. ...	3 beds \| 3 baths \| 1,544 sq.ft.	$360,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 3.92% Airbnb Rental Income: $1504 Traditional Rental Income: $2591 Airbnb ROI: -0.6% Traditional ROI: 3.92%
1325 Chartwell Carriage Way S East Lansing, MI Welcome to this gorgeous, move-in ready home! This well-maintained residence offers 3 bedr...	3 beds \| 3 baths \| 2,322 sq.ft.	$338,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 5.45% Airbnb Rental Income: $1504 Traditional Rental Income: $2788 Airbnb ROI: 0.02% Traditional ROI: 5.45%
928 Whittier Drive East Lansing, MI Welcome to Whitter a 3 bedroom 2 and a half bath ranch style home in the heart of East Lan...	3 beds \| 3 baths \| 1,826 sq.ft.	$300,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.49% Airbnb Rental Income: $1504 Traditional Rental Income: $2101 Airbnb ROI: 0.82% Traditional ROI: 4.49%
5820 Coleman Road East Lansing, MI A House Whisperer is pleased to showcase this move-in ready elegant condo is nestled in a ...	2 beds \| 3 baths \| 1,796 sq.ft.	$360,000	Airbnb cash on cash: -2.35% Traditional cash on cash: 1.64% Airbnb Rental Income: $1123 Traditional Rental Income: $2097 Airbnb ROI: -2.35% Traditional ROI: 1.64%
531 Durand Street East Lansing, MI Open House SATURDAY 6/27 2pm-4pm Perfectly positioned in East Lansing's cherished Bailey N...	4 beds \| 2 baths \| 2,078 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.12% Airbnb Rental Income: $null Traditional Rental Income: $2000 Airbnb ROI: N/A Traditional ROI: 3.12%
1285 N Chartwell Carriage Way East Lansing, MI Popular Stone Lake Condos! Three Bedrooms, one and a half bathrooms. Large, finished basem...	3 beds \| 2 baths \| 2,392 sq.ft.	$229,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 8.11% Airbnb Rental Income: $1504 Traditional Rental Income: $2531 Airbnb ROI: 1.37% Traditional ROI: 8.11%
1142 Lilac Avenue East Lansing, MI Fantastic owner-occupant or investment opportunity just two blocks from Michigan State Uni...	3 beds \| 2 baths \| 1,470 sq.ft.	$270,000	Airbnb cash on cash: 2.42% Traditional cash on cash: 5.57% Airbnb Rental Income: $1743 Traditional Rental Income: $2067 Airbnb ROI: 2.42% Traditional ROI: 5.57%
2328 Haslett Road East Lansing, MI Wow! Completely remodeled ranch in Haslett school district offering incredible versatility...	3 beds \| 3 baths \| 1,570 sq.ft.	$259,999	Airbnb cash on cash: 2.02% Traditional cash on cash: 4.77% Airbnb Rental Income: $1795 Traditional Rental Income: $1983 Airbnb ROI: 2.02% Traditional ROI: 4.77%

Real Estate investment in East-lansing, MI

There are 51 properties for sale in the city of East Lansing . The median list price in East Lansing is $344,794 and the average price per square foot is $170. In July 2026, the average monthly cash on cash return in East Lansing is 4.00%. The average monthly rental income in East Lansing is $2,173.

East-lansing, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 51 investment properties available for sale in East-lansing.

In 2026, the best neighborhood to buy investment property is Bailey.

The ROI for Short-Term is higher than the Long-Term in East-lansing with average rental income of $1,504.

Your search for investment property begins and ends here

Investment Property for Sale in East Lansing, MI

421 W Lake Lansing Road

East Lansing, MI

3 beds | 1 baths | 880 sq.ft.

$159,000

Airbnb cash on cash: 3.89%

Traditional cash on cash: 6.89%

Airbnb Rental Income: $1504

Traditional Rental Income: $1520

Airbnb ROI: 3.89%

Traditional ROI: 6.89%

2480 Overglen Court

East Lansing, MI

4 beds | 4 baths | 4,185 sq.ft.

$889,900

Airbnb cash on cash: -2.03%

Traditional cash on cash: 1.43%

Airbnb Rental Income: $1428

Traditional Rental Income: $3873

Airbnb ROI: -2.03%

Traditional ROI: 1.43%

6150 Cobblers Drive #104

East Lansing, MI

2 beds | 2 baths | 1,072 sq.ft.

$119,900

Airbnb cash on cash: -2.12%

Traditional cash on cash: 0.9%

Airbnb Rental Income: $1123

Traditional Rental Income: $1096

Airbnb ROI: -2.12%

Traditional ROI: 0.9%

221 Kensington Road

East Lansing, MI

3 beds | 2 baths | 1,660 sq.ft.

$339,900

Airbnb cash on cash: 0.1%

Traditional cash on cash: 3.76%

Airbnb Rental Income: $1504

Traditional Rental Income: $2233

Airbnb ROI: 0.1%

Traditional ROI: 3.76%

523 Bainbridge Drive #45

East Lansing, MI

2 beds | 2 baths | 1,061 sq.ft.

$145,000

Airbnb cash on cash: 0.8%

Traditional cash on cash: 7.01%

Airbnb Rental Income: $1003

Traditional Rental Income: $1510

Airbnb ROI: 0.8%

Traditional ROI: 7.01%

6031 Rutherford Avenue

East Lansing, MI

3 beds | 1 baths | 829 sq.ft.

$197,000

Airbnb cash on cash: 1.23%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $1416

Traditional Rental Income: $1172

Airbnb ROI: 1.23%

Traditional ROI: 2.2%

6380 Island Lake Drive

East Lansing, MI

3 beds | 3 baths | 5,248 sq.ft.

$779,900

Airbnb cash on cash: -1.54%

Traditional cash on cash: 0.17%

Airbnb Rental Income: $1795

Traditional Rental Income: $2553

Airbnb ROI: -1.54%

Traditional ROI: 0.17%

466 Wayland Avenue

East Lansing, MI

3 beds | 2 baths | 1,464 sq.ft.

$285,000

Airbnb cash on cash: 2.24%

Traditional cash on cash: 5.08%

Airbnb Rental Income: $1869

Traditional Rental Income: $2132

Airbnb ROI: 2.24%