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

124 N Summit Street

^$ 495,000

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Recently Listed

124 N Summit Street

Ypsilanti, MI, 48197

^$ 495,000

Studio Baths0.0 Sq 2,460

Monthly Estimate*

^$ 3,125

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $495,000. This 2,460 square foot 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.

Multi-Family Active

Price

^$ 495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 8,821

Style

Lot Size

0.21

Year Built

1890

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

70551832

Features

General

Heating Baseboard Hot Water

Status Active Active

Year Built 1890

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Municipality Ypsilanti

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ypsilanti (81033)

Primary City Ypsilanti

Directions N Summit St and Grant St

City Ypsilanti

School District Ypsilanti Public School District

Financial Terms Cash Conventional

Legal Description *OLD SID - 11 11-175-045-00 YP CITY 21W-60 LOT 45 CROSS & BAGLEY'S ADDITION.

DOM 0

Postal Code 48197

Price Per Sq Ft Total AG 201.22

Public Remarks

Exterior

Exterior Vinyl Siding

Frontage 62

Lot Size Area 0.21

Lot Dimensions 62x150

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Ayad Ridha

Listing Agent

The Charles Reinhart Company

Broker

ERidha@ReinhartRealtors.com

Affordability Calculator

$3,861

Per Month

Monthly Principal & Interest: $3,125
Monthly Property Taxes: $735
Monthly Home Insurance: --

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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 ^$418,472

Percent of Sale Price 15%

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
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 2,460 sqft and a lot size of 0.21. 124 N Summit Street is a studio with 0.0 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 6.49% 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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124 N Summit Street

Multi-Family Home for sale in Ypsilanti, MI

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