316 Washtenaw Avenue Ypsilanti, MI $ 400,000
316 Washtenaw Avenue
$ 400,000
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316 Washtenaw Avenue

Ypsilanti, MI, 48197
$ 400,000
Bedrooms2 Baths2.0 Sq 3,112

Monthly Estimate*

$ 2,463

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Multi-Family Home for sale in Ypsilanti, MI

for $400,000 with 2 bedrooms and 2 full baths. This 3,112 square foot home was built in 1865 on a lot size of 0.14.

Opportunities like this don't come along often. Whether you're looking to expand your investment portfolio, house hack, or own a piece of local history, this beautifully maintained side-by-side duplex checks all the boxes. Offering approximately 3,112 square feet, this income-producing property features 7 bedrooms and 2 full baths between two spacious units. One side offers 3 bedrooms and 1 bath, while the other features 4 bedrooms and 1 bath. From the moment you arrive, you'll appreciate the curb appeal, mature trees, colorful landscaping, and timeless character. Inside, you'll find hardwood floors, classic moldings, fireplaces, and historic details throughout. The numbers make sense too. Market rents are estimated at approximately $4,200 per month, with the 4-bedroom unit projected at $2,150/month and the 3-bedroom unit at $1,950/month. The current tennant vacates in August so you can take these up to current market rates! Most major improvements have already been completed, including updated 90% effecient furnaces, water heaters, plumbing, central air units, dimensional shingle roof, and more. Very little is left to do but collect rent and enjoy ownership. Conveniently located near parks, shopping, dining, campus amenities, and I-94, the property also offers 6 off-street parking spaces behind the home plus additional street parking. Don't wait. Properties with this combination of historic charm, strong cash flow, major updates, and prime location don't last long. Schedule your showing today. *A house hacker may qualify for an FHA 5% owner occupant loan too! Live in one side and rent the other! Showings begin Saturday, June 13th after 1:00 PM on vacant Unit #316. The occupied unit will be shown upon accepted offer. AGENTS: Download the SentriLock app for convenient access. Check Agent Remarks or ShowingTime for the secure offer submission link. Do NOT email offers.

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Multi-Family Active

Price

$ 400,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,727

Style

Colonial

Lot Size

0.14

Year Built

1865

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

20261041445

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession ClosePlus1Day
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials WoodSiding
Pets Allowed Call
Year Built 1865
Levels Two
Property Subtype MultiFamily
County Washtenaw
Net Operating Income 50400.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name NORRIS & CROSS ADD
Garage Y/N N
Full Baths 2
Status Active
Directions West of Huron and North of Michigan Ave
City YpsilantiCity_Washtenaw
Disclosures NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Ypsilanti
Zoning Description MultiFamily Residential
Number Of Units Total 2
MLS Area Area04152Ypsilanti
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 7727.0
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 Tenant
Tax Assessed Value 97539
Expected Active Date 2026-06-13
Legal Description *OLD SID - 11 11-441-418-20 YP CITY 44W-130 S 75' - LOT 418 NORRIS & CROSS ADDITION.
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3112.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 83x75
Lot Size Acres 0.14
Waterfront Y/N N
Road Frontage Type PrivateRoad
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 316
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* Excluded Features
List By
Carlo Gobba

Listing Agent

Exp Realty Main

Broker

(248) 721-8843

Phone

Affordability Calculator

$3,107
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,463
Monthly Property Taxes
$644
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
6/12/2026$400,000 Listed Price

Map


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316 Washtenaw Avenue, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $400,000 with 3,112 sqft and a lot size of 0.14. 316 Washtenaw Avenue has 2 bedrooms, 2.0 baths, and was built in 1865. The property's zip code is 48197 which is in Ypsilanti, MI