102 Spring Street Ypsilanti, MI $ 550,000
102 Spring Street
$ 550,000
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102 Spring Street

Ypsilanti, MI, 48197
$ 550,000
Baths4.0 Sq 1,884

Monthly Estimate*

$ 3,431

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $550,000 with 4 full baths. This 1,884 square foot home was built in 1904 on a lot size of 0.29.

This well-maintained 4-unit property offers a strong rental history and immediate income potential. All four units are currently leased—three with long-term tenants and the fourth on a flexible month-to-month agreement—providing stable cash flow and minimal vacancy risk for investors or owner-occupants. Each unit features solid oak hardwood floors, updated stainless steel appliances, dishwashers, and garbage disposals—a rare and sought-after upgrade in rental properties. Interiors are clean, well-kept, and reflect ongoing care and quality maintenance. A standout feature is the spacious, mostly finished garage, which includes two heated areas. Whether used for parking, storage, or creative use, this space offers an opportunity for additional income or expanded utility. Adding even more long-term potential, the property is uniquely situated on a natural spring, opening possibilities for eco-conscious ventures or future development—an uncommon and valuable characteristic. Whether you're looking for a turnkey, income-generating asset or a multi-family property with flexibility and character, this opportunity checks all the boxes. Don’t miss your chance to own a versatile, income-generating property in a desirable location!

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Multi-Family Active

Price

$ 550,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,244

Style

Traditional

Lot Size

0.29

Year Built

1904

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

20251032811

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession Negotiable
Garage Spaces 0.0
Architectural Style Traditional
Pool Features None
Construction Materials AluminumSiding VinylSiding
Pets Allowed Call
Year Built 1904
Levels Two
Property Subtype MultiFamily
County Washtenaw
Net Operating Income 0.0
Operating Expense 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Garage Y/N Y
Full Baths 4
Status Active
Directions West Ecorse Rd East Michigan Ave
City YpsilantiCity_Washtenaw
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ypsilanti
Zoning Description Residential
Number Of Units Total 4
MLS Area Area04152Ypsilanti
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 4
Land Lease Y/N N
Tax Annual Amount 5244.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 64974
Expected Active Date 2025-09-08
Legal Description ASSR REQUEST ****FROM 1139403024 05/07/96YPC 1W-27A-1A-1 COM AT SE COR SEC 9 TH N 18-42-30 W 1063.88 FT TH S 71-17-30 W 721.49 FT TH S 88-32-40 W 1385.75 FT TH S 79-37-40 W 233.69 FT TH N 00-03-
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1884.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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Exterior
Parking Features Garage
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 145x70x165x92x10
Lot Size Acres 0.29
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 102
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* Excluded Features
List By
Justin S Ford

Listing Agent

Exp Realty Plymouth

Broker

(855) 477-7355

Phone

Affordability Calculator

$3,868
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$437
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
848225 Elementary School
848527 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2025$550,000 Listed Price

Map


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102 Spring Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $550,000 with 1,884 sqft and a lot size of 0.29. 102 Spring Street is a studio with 4.0 baths and was built in 1904. The property's zip code is 48197 which is in Ypsilanti, MI