502 Pearl Street Ypsilanti, MI ^$ 440,000

502 Pearl Street

^$ 440,000

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502 Pearl Street

Ypsilanti, MI, 48197

^$ 440,000

Studio Baths0.0

Monthly Estimate*

^$ 2,709

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $440,000. This home was built in 1901 on a lot size of 0.14.

Beautiful home, great investment! Whether you turn this back into a beautiful downtown home or continue using it as a rental you will be happy for years to come . Currently, the first and second floor have apartments with three bedrooms and one bathroom. Generous size living rooms, and plenty of storage in the kitchens. The third unit is a studio on the third floor. Exposed beams and the retro kitchen make it a very desirable unit. 3 car garage adds potential for income. Walking distance to everything downtown, and EMU campus

Multi-Family Active

Price

^$ 440,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 10,214

Style

2 to 4 Units

Lot Size

0.14

Year Built

1901

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

26012743

Features

General

Sewer Public Sewer

Heating Forced Air

Cooling Central Air

Utilities Natural Gas Connected Electricity Connected Cable Connected

Roof Composition

Construction Materials Concrete Vinyl Siding

Year Built 1901

Tenant Pays Electric Water Sewer Gas

Township Ypsilanti City

Property Subtype 2 to 4 Units

Tax Year 2026

Ownership Private Owned

County Washtenaw

New Construction N

Property Type Multi Family

Attached Garage N

Status Active

City Ypsilanti

High School District Ypsilanti

Zoning Description R3

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 6142.0

Listing Terms Cash Conventional

Land Lease Y/N N

Tax Annual Amount 10214.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 127757

Senior Community None

Interior

Basement Michigan Basement Partial

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 Paved

Lot Features Corner Lot

Total Parking 7.0

Lot Size Area 0.14

Number of Buildings 2

Spa N

Lot Dimensions 54 x 114

Lot Size Acres 0.14

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 502

* Excluded Features

List By

Re/Max Platinum

Broker

AmySaffold@GMail.com

Affordability Calculator

$3,560

Per Month

Monthly Principal & Interest: $2,709
Monthly Property Taxes: $851
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Multi-family listings in Ypsilanti, MI

Average List Price ^$392,493

Percent of Sale Price 11%

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
3/31/2026	$440,000		Listed Price

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502 Pearl Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $440,000 with a lot size of 0.14. 502 Pearl Street is a studio with 0.0 baths and was built in 1901. 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.

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 5/17/2026.

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502 Pearl Street

Multi-Family Home for sale in Ypsilanti, MI

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