3501 Simken Drive
Multifamily | 12-Units | $74,583/Unit
Marketing description
Located on a quiet, tree-lined cul-de-sac in Southeast Lansing, 3501 Simken Drive offers a compelling 12-unit multifamily investment opportunity in a stable, workforce-driven submarket. This property uniquely combines a peaceful residential setting with immediate access to parks, schools, and daily conveniences—making it highly attractive to long-term tenants.
One of the property's most compelling features is its direct proximity to Beacon Soccer Field and Park—essentially an extension of the front yard. This park-side setting significantly elevates tenant experience, supporting retention and long-term occupancy.
Residents enjoy convenient access to a wide range of everyday essentials including Meijer, Kroger, diverse dining options along Cedar Street, Hawk Island Park and Moores Park, McLaren Greater Lansing and Sparrow Hospital, and easy access to I-96 and US-127 for seamless commuting.
Located within the Lansing School District, the property benefits from access to Gardner International Magnet School (PreK–8), Dwight Rich School of the Arts, Everett High School, and is approximately 10–15 minutes to Michigan State University, supporting workforce and related housing demand.
Investment highlights
- 11,598 SF building with 12 units
- Established property built in 1966
- Renovated apartment interiors 2024/2026
- Prime location for retail and service industry workforce residents
- View of Beacon Park right outside the front door
- The combination of a quiet cul-de-sac location and park-side positioning creates a living environment that stands out in the marketplace - driving strong tenant appeal and stability.
- This asset delivers both strong lifestyle appeal for tenants and reliable income potential for ownership.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
