506 N Miami Avenue Ypsilanti, MI ^$ 1,250,000

506 N Miami Avenue

^$ 1,250,000

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Recently Listed

506 N Miami Avenue

Ypsilanti, MI, 48198

^$ 1,250,000

Studio Baths0.0

Monthly Estimate*

^$ 7,696

506 N Miami Avenue, Ypsilanti, MI 48198 - Image 1

Studio

Multi-Family Home for sale in Ypsilanti, MI

for $1,250,000. This home was built in 1964 on a lot size of 0.72.

Multi-Family Active

Price

^$ 1,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 13,314

Style

5+ Units

Lot Size

0.72

Year Built

1964

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

26024664

Features

General

Heating Radiant

Utilities Cable Available Electricity Connected Cable Connected

Construction Materials Brick

Year Built 1964

Tenant Pays Electric Trash Gas

Township Ypsilanti Twp

Property Subtype 5+ Units

Tax Year 2026

County Washtenaw

New Construction N

Property Type Multi Family

Status Active

Directions This 13-unit apartment building presents a rare value-add investment opportunity in Ypsilanti Township. The property offers a strong mix of rental units with immediate income potential and additional

City Ypsilanti

High School District Willow Run

Number Of Units Total 13

Lot Size Units Acres

Lot Size Square Feet 31363.0

Listing Terms Cash Conventional

Land Lease Y/N N

Tax Annual Amount 13314.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Tax Assessed Value 197965

Legal Description YP#99-120A LOTS 120 - 123 INCL. ALSO THAT PART OF LOTS 126 & 127 DESC AS:BEG ATNW COR LOT 127 TH S 88-3 E 69.29 FT TH S 2-24 W 75 FT TH N 88-3 W 25 FT TH S 2-24 W 25 FT TH N 88-3 W 43.34 FT TH N 1-51

Senior Community None

Interior

Basement Crawl Space

Basement (Y/N) N

Heating Y/N Y

Total Baths 0

Exterior

Total Parking 25.0

Lot Size Area 0.72

Number of Buildings 1

Spa N

Lot Dimensions 208 x 199 x 129 x 96 x 73 x107

Lot Size Acres 0.72

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 506

* Excluded Features

List By

Beal Properties Llc

Broker

MikeSlater78@GMail.com

Affordability Calculator

$8,806

Per Month

Monthly Principal & Interest: $7,696
Monthly Property Taxes: $1,110
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 6.25% 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 ^$426,852

Percent of Sale Price 66%

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.

4452242 Elementary School

4452240 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/26/2026	$1,250,000		Listed Price

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506 N Miami Avenue, Ypsilanti, MI, 48198 is a Multi-Family Home for sale at $1,250,000 with a lot size of 0.72. 506 N Miami Avenue is a studio with 0.0 baths and was built in 1964. The property's zip code is 48198 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 5/31/2026.

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506 N Miami Avenue

Multi-Family Home for sale in Ypsilanti, MI

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