514 Washtenaw Avenue Ypsilanti, MI ^$ 285,000

514 Washtenaw Avenue

^$ 285,000

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514 Washtenaw Avenue

Ypsilanti, MI, 48197

^$ 285,000

Studio Baths0.0

Monthly Estimate*

^$ 1,755

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $285,000. 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!

Multi-Family Active

Price

^$ 285,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,962

Style

Lot Size

0.19

Year Built

1870

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

70513408

Features

General

Heating Steam

Status Active Active

Year Built 1870

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Municipality Ypsilanti

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ypsilanti (81033)

Primary City Ypsilanti

City Ypsilanti

School District Ypsilanti Public School District

Financial Terms Cash Conventional

Legal Description *OLD SID - 11 11-115-608-00 YP CITY 13W-64 LOT 8 BLK 6 DAVID F. BALLENTINES & RICHARD E. MORSE'S ALLOTMENT OF THE WESTERN ADDITION.

DOM 15

Postal Code 48197

Public Remarks

Interior

Basement MI Basement

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 40

Lot Size Area 0.19

Lot Dimensions 51x164

Roads City/County

Waterfront Y/N No

* Excluded Features

List By

Tamara Vinson

Listing Agent

Beal Properties Llc

Broker

tamaravinson@icloud.com

Affordability Calculator

$2,418

Per Month

Monthly Principal & Interest: $1,755
Monthly Property Taxes: $664
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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 ^$520,518

Percent of Sale Price 83%

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
2/2/2026	$285,000		Listed Price

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514 Washtenaw Avenue, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $285,000 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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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514 Washtenaw Avenue

Multi-Family Home for sale in Ypsilanti, MI

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