217 N Summit Street Ypsilanti, MI ^$ 469,900

217 N Summit Street

^$ 469,900

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217 N Summit Street

Ypsilanti, MI, 48197

^$ 469,900

Studio Baths0.0

Monthly Estimate*

^$ 2,932

217 N Summit Street, Ypsilanti, MI 48197 - Image 1

217 N Summit Street, Ypsilanti, MI 48197 - Image 2

217 N Summit Street, Ypsilanti, MI 48197 - Image 3

217 N Summit Street, Ypsilanti, MI 48197 - Image 4

217 N Summit Street, Ypsilanti, MI 48197 - Image 5

217 N Summit Street, Ypsilanti, MI 48197 - Image 6

217 N Summit Street, Ypsilanti, MI 48197 - Image 7

Studio

Multi-Family Home for sale in Ypsilanti, MI

for $469,900. This home was built in 1910 on a lot size of 0.19.

Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Updates in the last 4 years include Roof, Heating system, driveway and parking lot Land Contract terms possible. Awesome Investment opportunity.

Multi-Family Active

Price

^$ 469,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,213

Style

5+ Units

Lot Size

0.19

Year Built

1910

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

25051296

Features

General

Heating Steam

Cooling Window Unit(s)

Utilities Phone Connected Natural Gas Connected Electricity Connected Cable Connected

Possession Close Of Escrow

Construction Materials Block Stone Vinyl Siding

Year Built 1910

Tenant Pays Electric

Township Ypsilanti City

Property Subtype 5+ Units

Tax Year 2025

Ownership Private Owned

Gross Income 72600.0

County Washtenaw

Operating Expense 10614.0

Insurance Expense 4848.0

New Construction N

Property Type Multi Family

Attached Garage N

MaintenanceExpense 500.0

Status Active

Directions North of Washtenaw South of Michigan Ave

City Ypsilanti

High School District Ypsilanti

Number Of Units Total 7

MLS Area Ann Arbor/Washtenaw - A

Lot Size Units Acres

Lot Size Square Feet 8276.0

Listing Terms Cash Conventional Contract

Land Lease Y/N N

Tax Annual Amount 7213.1

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

Occupancy Type Tenant

Tax Assessed Value 85669

Legal Description *OLD SID - 11 11-175-056-00 YP CITY 21W-79 LOT 56 EXCEPT N 7 FT CROSS & BAGLEY'S ADDITION.

Senior Community None

Interior

Basement Daylight Full

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Laundry Features Common Area In Basement

Total Baths 0

Exterior

Parking Features Aggregate Driveway Asphalt

Lot Features Level Sidewalk

Total Parking 7.0

Lot Size Area 0.19

Number of Buildings 1

Spa N

Lot Dimensions 59x140

Lot Size Acres 0.19

Road Surface Type Paved

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 217

* Excluded Features

List By

Real Estate One Inc

Broker

MichaelALee33@GMail.com

Affordability Calculator

$3,533

Per Month

Monthly Principal & Interest: $2,932
Monthly Property Taxes: $601
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Ypsilanti, MI

Average List Price ^$478,800

Percent of Sale Price 2%

About Ypsilanti, MI

20,639 Population

-8% Since 2002

^$38,265 Median Income

27.51 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4209139 Elementary School

4209138 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/19/2025	$469,900	-2.08%	Price Down
10/27/2025	$479,900	-4.00%	Price Down
10/6/2025	$499,900		Listed Price

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217 N Summit Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $469,900 with a lot size of 0.19. 217 N Summit Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 48197 which is in Ypsilanti, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 12/13/2025.

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217 N Summit Street

Multi-Family Home for sale in Ypsilanti, MI

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