126 College Place Ypsilanti, MI ^$ 449,900

126 College Place

^$ 449,900

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Recently Listed

126 College Place

Ypsilanti, MI, 48197

^$ 449,900

Studio Baths4.4 Sq 4,365

Monthly Estimate*

^$ 2,770

126 College Place, Ypsilanti, MI 48197 - Image 1

126 College Place, Ypsilanti, MI 48197 - Image 2

126 College Place, Ypsilanti, MI 48197 - Image 3

Studio

Multi-Family Home for sale in Ypsilanti, MI

for $449,900 with 4 full baths, 4 half baths. This 4,365 square foot home was built in 1890 on a lot size of 0.14.

PUBLIC REMARKS Excellent opportunity to acquire a fully occupied four-unit investment property in the highly desirable Eastern Michigan University area. Located just blocks from campus and close to downtown Ypsilanti and Depot Town, this property benefits from strong rental demand and a proven rental history. The building consists of four residential units and is currently tenant occupied, providing immediate income for a new owner. Convenient access to EMU, Depot Town, downtown Ypsilanti, parks, shopping, dining, and major commuter routes makes this a desirable location for tenants. This property offers investors the opportunity to acquire a stabilized asset in one of Ypsilanti's strongest rental submarkets. Financial information, rent roll, leases, and additional property details available upon request.

Multi-Family Active

Price

^$ 449,900

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 17,235

Style

Lot Size

0.14

Year Built

1890

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

60999305

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 4

Half Baths 4

Bathrooms 8

Year Built 1890

Subdivision College Place Add MI

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Net Income 25000

Ownership Private

Municipality Ypsilanti

Sale/Rent For Sale

Status Detail 0

Area Ypsilanti (81033)

Primary City Ypsilanti

Directions Use Huron exit off 94 go north to Cross St then west to College Place turn left cross Washtenaw house is on the left.

City Ypsilanti

School District Ypsilanti Public School District

Financial Terms Cash Conventional

Legal Description *OLD SID - 11 11-170-005-00 YP CITY 20W-7 LOT 5 COLLEGE PLACE ADDITION.

DOM 1

Postal Code 48197

Price Per Sq Ft Total AG 103.07

Public Remarks

Interior

Basement Common Stone

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 52

Lot Size Area 0.14

Lot Dimensions 52 x 117

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Colleen Kennedy

Listing Agent

Prospect Realty Group

Broker

ckennedy@irgmi.com

Affordability Calculator

$4,206

Per Month

Monthly Principal & Interest: $2,770
Monthly Property Taxes: $1,436
Monthly Home Insurance: --

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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 ^$426,181

Percent of Sale Price 5%

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
6/4/2026	$449,900		Listed Price

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126 College Place, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $449,900 with 4,365 sqft and a lot size of 0.14. 126 College Place is a studio with 4.4 baths and was built in 1890. 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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126 College Place

Multi-Family Home for sale in Ypsilanti, MI

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