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

Lot Size

0.19

Year Built

1910

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

70497954

Features

General

Heating Steam

Status Active Active

Year Built 1910

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Municipality Ypsilanti

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ypsilanti (81033)

Primary City Ypsilanti

Directions North of Washtenaw South of Michigan Ave

City Ypsilanti

School District Ypsilanti Public School District

Financial Terms Cash Conventional Land Contract

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

DOM 69

Postal Code 48197

Public Remarks 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

Interior

Basement Egress/Daylight Windows

Total Number of Units 7

Fuel Type Natural Gas

Exterior

Exterior Stone Vinyl Siding

Frontage 59

Lot Size Area 0.19

Lot Dimensions 59x140

Lot Description Sidewalks

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Michael Lee

Listing Agent

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.

1367115 Elementary School

1367113 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.

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217 N Summit Street

Multi-Family Home for sale in Ypsilanti, MI

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