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 4,473

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 4,473 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

Early American

Lot Size

0.26

Year Built

1894

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

20261015106

Features
General
Sewer PublicSewer
Heating Baseboard ForcedAir NaturalGas
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style EarlyAmerican
Pool Features None
Construction Materials AluminumSiding VinylSiding
Exclusions Exclusion(s) Do Not Exist
Pets Allowed No
Year Built 1894
Levels Two
Property Subtype MultiFamily
County Washtenaw
Net Operating Income 30000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name NORMAL SCHOOL ADD
Garage Y/N Y
Rent Includes Electricity Heat Water
Full Baths 3
Status Active
Directions S Forest to N on Ballard
City YpsilantiCity_Washtenaw
Disclosures ActualIncome ConformstoZoning LegalRentalCertified ExclusionsDoNotExist NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ypsilanti
Zoning Description MultiFamily
Number Of Units Total 14
MLS Area Area04152Ypsilanti
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 14
Land Lease Y/N N
Tax Annual Amount 8687.0
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 MultipleOccupantTypes
Tax Assessed Value 106811
Expected Active Date 2026-03-12
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
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Interior
Basement Finished Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3282.0
Half Baths 0
Below Grade Finished Area 1191.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Parking Features Garage ParkingLot
Water Source Public
Foundation Details Basement Poured
Spa N
Lot Dimensions 76x151
Lot Size Acres 0.26
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 1 427
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* Excluded Features
List By
Marygrace Liparoto

Listing Agent

Re/Max Home Sale Services

Broker

(734) 497-6774

Phone

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
848225 Elementary School
848527 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 4,473 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