124 N Summit Street Ypsilanti, MI $ 495,000
124 N Summit Street
$ 495,000
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124 N Summit Street

Ypsilanti, MI, 48197
$ 495,000
Baths4.0

Monthly Estimate*

$ 3,125

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $495,000 with 4 full baths. This home was built in 1890 on a lot size of 0.21.

Fantastic 4 unit property close to campus with garage and coin operated laundry. No seller financing. Unit 1 - one bedroom one bath $800/month includes $70 for water and gas. Leased to 8/1/27 Unit 2 - three bedrooms one bath $1,495/month includes $50 for water and gas. Lease to 8/10/27. Unit 3 - two bedrooms one bath $1,175 includes $50 for water and gas. Leased to 7/31/27. Unit 4 - three bedrooms 1 bath $1,655/month includes $50 for water and gas, and $60 pet fee. Lease to 8/13/27. Additional income $100/month for garage rent, leased to 10/31/26. Coin laundry. Total $5,225/month, $62,700/year. Roof replaced in 2016.

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Multi-Family Active

Price

$ 495,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,821

Style

2 to 4 Units

Lot Size

0.21

Year Built

1890

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

26042161

Features
General
Sewer Public Sewer
Heating Baseboard Hot Water
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected
Possession Subject To Tenant Rights
Construction Materials Vinyl Siding
Year Built 1890
Tenant Pays Electric Water Trash Sewer Gas
Township Ypsilanti City
Property Subtype 2 to 4 Units
Tax Year 2026
Ownership Private Owned
County Washtenaw
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
Directions N Summit St and Grant St
City Ypsilanti
High School District Ypsilanti
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 9191.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 8821.29
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 104869
Legal Description *OLD SID - 11 11-175-045-00 YP CITY 21W-60 LOT 45 CROSS & BAGLEY'S ADDITION.
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Heating Y/N Y
Laundry Features Common Area
Total Baths 4
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Exterior
Parking Features Asphalt Driveway Concrete
Total Parking 14.0
Lot Size Area 0.21
Number of Buildings 1
Spa N
Lot Dimensions 62x150
Lot Size Acres 0.21
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 124
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* Excluded Features
List By
The Charles Reinhart Company

Broker

ERidha@ReinhartRealtors.com

Email

Affordability Calculator

$3,861
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,125
Monthly Property Taxes
$735
Monthly 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
4209139 Elementary School
4209138 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/12/2026$495,000 Listed Price

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124 N Summit Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $495,000 with a lot size of 0.21. 124 N Summit Street is a studio with 4.0 baths and was built in 1890. The property's zip code is 48197 which is in Ypsilanti, MI