427 Ballard Street Ypsilanti, MI $ 430,000
427 Ballard Street
$ 430,000
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427 Ballard Street

Ypsilanti, MI, 48197
$ 430,000
Baths3.0 Sq 3,282

Monthly Estimate*

$ 2,648

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $430,000 with 3 full baths. This 3,282 square foot home was built in 1894 on a lot size of 0.26.

Exceptional investment opportunity at 427 Ballard in Ypsilanti. This licensed 14-room boarding house offers strong income potential in a high-demand rental area near Eastern Michigan University, Depot Town, downtown Ypsilanti, and major commuter routes. The property features fourteen individual rentable rooms, a shared kitchen, and shared bathrooms conveniently located on each level. The layout is functional and well-suited for room-by-room leasing, providing consistent occupancy opportunities. Common areas are designed for practical daily use, and the structure offers solid fundamentals for continued rental operation. Situated in an established neighborhood with close proximity to public transportation, campus amenities, dining, and shopping, this property appeals to students, workforce tenants, and long-term room renters alike. Whether you are looking to expand your rental portfolio or acquire a turnkey income-producing property in the Ypsilanti market, 427 Ballard presents a compelling opportunity. Serious investors with proof of funds/ commercial pre-approval - inquire for financials and current occupancy details.

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Multi-Family Active

Price

$ 430,000

Bedrooms

Studio

Full Bath

3

Property Type

Multi-Family

Taxes

$ 8,687

Style

Lot Size

0.26

Year Built

1894

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

60975773

Features
General
Heating Baseboard Forced Air
Possession At Close
Water Public Water
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1894
Subdivision Normal School Add MI
County Washtenaw
Class MULTIFAMILY
Type Multi-Family
Net Income 30000
Ownership Private
Municipality Ypsilanti
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ypsilanti (81033)
Primary City Ypsilanti
Directions S Forest to N on Ballard
City Ypsilanti
School District Ypsilanti Public School District
Financial Terms Cash Conventional
Legal Description *OLD SID - 11 11-424-029-00 YP CITY 43W-28 LOT 29 AND N 10 FT OF LOT 30NORMAL SCHOOL ADDITION. 427 BALLARD
DOM 4
Postal Code 48197
Price Per Sq Ft Total AG 131.02
Public Remarks Exceptional investment opportunity at 427 Ballard in Ypsilanti. This licensed 14-room boarding house offers strong income potential in a high-demand rental area near Eastern Michigan University
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Interior
Basement Poured Finished
Fireplace? No
Total Number of Units 14
Fuel Type Natural Gas
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Exterior
Exterior Aluminum Vinyl Siding
Exterior Amenities Porch
Frontage 76
Lot Size Area 0.26
Lot Dimensions 76x151
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Marygrace Liparoto

Listing Agent

Re/Max Home Sale Services

Broker

MarygraceLiparoto@gmail.com

Email

Affordability Calculator

$3,372
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,648
Monthly Property Taxes
$724
Monthly Home Insurance
--
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
1367115 Elementary School
1367113 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/13/2026$430,000 Listed Price

Map


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427 Ballard Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $430,000 with 3,282 sqft and a lot size of 0.26. 427 Ballard Street is a studio with 3.0 baths and was built in 1894. The property's zip code is 48197 which is in Ypsilanti, MI