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 Baths0.0

Monthly Estimate*

^$ 1,970

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $312,000. 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.

Multi-Family Active

Price

^$ 312,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,537

Style

Lot Size

0.12

Year Built

1893

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

70544363

Features

General

Heating Forced Air

Status Active Active

Year Built 1893

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Municipality Ypsilanti

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ypsilanti (81033)

Primary City Ypsilanti

City Ypsilanti

School District Ypsilanti Public School District

Financial Terms Cash Conventional FHA VA

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

DOM 41

Postal Code 48197

Public Remarks

Interior

Basement MI Basement

Total Number of Units 3

Fuel Type Electric Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 75

Lot Size Area 0.12

Lot Dimensions 75x70

Waterfront Y/N No

* Excluded Features

List By

Andre Kingston

Listing Agent

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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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 ^$509,130

Percent of Sale Price 63%

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
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 0.0 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.

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518 W Michigan Avenue

Multi-Family Home for sale in Ypsilanti, MI

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