514 Washtenaw Avenue Ypsilanti, MI $ 295,000
514 Washtenaw Avenue
$ 295,000
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514 Washtenaw Avenue

Ypsilanti, MI, 48197
$ 295,000
Baths0.0

Monthly Estimate*

$ 1,840

514 Washtenaw Avenue, Ypsilanti, MI 48197 - Image 1
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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $295,000. This home was built in 1870 on a lot size of 0.19.

This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!

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Multi-Family Active

Price

$ 295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,962

Style

2 to 4 Units

Lot Size

0.19

Year Built

1870

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

25028764

Features
General
Heating Steam
Cooling Window Unit(s)
Utilities Natural Gas Available Natural Gas Connected
Construction Materials Vinyl Siding
Year Built 1870
Tenant Pays Electric Gas
Township Ypsilanti City
Property Subtype 2 to 4 Units
Tax Year 2024
Waterfront Features Other
County Washtenaw
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
Directions From I-94 take exit 183 for Huron St toward Ypsilanti. Head north on Huron St then turn right onto Washtenaw Ave. Property will be on your left just past Hamilton St.
City Ypsilanti
High School District Ypsilanti
Number Of Units Total 2
MLS Area Ann Arbor/Washtenaw - A
Lot Size Units Acres
Lot Size Square Feet 8276.0
Listing Terms VA Loan MSHDA FHA Cash Conventional
Land Lease Y/N N
Tax Annual Amount 7962.0
Lease Renewal Y/N N
MLS Area Minor Ann Arbor/Washtenaw - A
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 95674
Legal Description Buyer and buyer's agent to verify all information including unit sizes zoning and legal use. Monthly rents: Unit 1 - Vacant (1BR) Unit 2 - $2 744/month (5BR tenant on government assistance). Tenants
Senior Community None
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Interior
Basement Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement
Total Baths 0
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Exterior
Parking Features Concrete Driveway
Total Parking 6.0
Lot Size Area 0.19
Number of Buildings 1
Spa N
Lot Dimensions 51x164
Lot Size Acres 0.19
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 514
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* Excluded Features
List By
Beal Properties Llc

Broker

Deuntay@gobeal.com

Email

Affordability Calculator

$2,504
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,840
Monthly Property Taxes
$664
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4209139 Elementary School
4209138 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/8/2025$295,000 -4.84% Price Down
6/16/2025$310,000 Listed Price

Map


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514 Washtenaw Avenue, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $295,000 with a lot size of 0.19. 514 Washtenaw Avenue is a studio with 0.0 baths and was built in 1870. The property's zip code is 48197 which is in Ypsilanti, MI