518 W Michigan Avenue Ypsilanti, MI ^$ 312,000

518 W Michigan Avenue

^$ 312,000

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518 W Michigan Avenue

Ypsilanti, MI, 48197

^$ 312,000

Studio Baths3.0

Monthly Estimate*

^$ 1,970

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $312,000 with 3 full baths. This home was built in 1893 on a lot size of 0.12.

Turnkey investment perfect for any investor. Perfect for student housing. This 3 unit/residential multi-family is close to the university and the downtown. An old large house turned into apartments with reasonable rents and well maintained. With parking spaces, the city transit and nearby business and food services, this is an ideal location. High earnings . Clean spacious, and ready to make someone passive income. Zoning map attached. Monthly income is $2,665. Financial information available upon signed contract.

Multi-Family Active

Price

^$ 312,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,537

Style

2 to 4 Units

Lot Size

0.12

Year Built

1893

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

26034687

Features

General

Heating Forced Air

Utilities Natural Gas Connected Electricity Connected

Possession Subject To Tenant Rights

Construction Materials Vinyl Siding

Year Built 1893

Tenant Pays Electric

Township Ypsilanti City

Property Subtype 2 to 4 Units

Tax Year 2025

County Washtenaw

New Construction N

Property Type Multi Family

Status Active

City Ypsilanti

High School District Ypsilanti

Number Of Units Total 3

Lot Size Units Acres

Lot Size Square Feet 5227.0

Listing Terms VA Loan MSHDA FHA Cash Conventional

Land Lease Y/N N

Tax Annual Amount 7537.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 94278

Legal Description *OLD SID - 11 11-060-064-00 YP CITY 10W-61 LOT 64 ASSESSOR'S PLAT NUMBER 10. 518 W MICHIGAN

Senior Community None

Interior

Basement Crawl Space Michigan Basement Slab

Basement (Y/N) Y

Heating Y/N Y

Laundry Features None

Total Baths 3

Exterior

Total Parking 2.0

Lot Size Area 0.12

Number of Buildings 1

Spa N

Lot Dimensions 75x70

Lot Size Acres 0.12

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 518

* Excluded Features

List By

Beal Properties Llc

Broker

Andre.newfuture@gmail.com

Affordability Calculator

$2,598

Per Month

Monthly Principal & Interest: $1,970
Monthly Property Taxes: $628
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 ^$514,939

Percent of Sale Price 65%

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
7/9/2026	$312		Listed Price

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518 W Michigan Avenue, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $312,000 with a lot size of 0.12. 518 W Michigan Avenue is a studio with 3.0 baths and was built in 1893. 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 6.49% 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 8/26/2026.

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518 W Michigan Avenue

Multi-Family Home for sale in Ypsilanti, MI

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