108 N Wallace Boulevard Ypsilanti, MI $ 399,900
108 N Wallace Boulevard
$ 399,900
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108 N Wallace Boulevard

Ypsilanti, MI, 48197
$ 399,900
Baths2.0

Monthly Estimate*

$ 2,525

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $399,900 with 2 full baths. This home was built in 1936 on a lot size of 0.18.

Charming 1930s duplex offering historic character, extensive updates, and a prime location on a tree-lined street in Ypsilanti's sought-after Normal Park neighborhood! Just blocks from schools, parks, and the EMU campus, this turn-key investment property combines timeless charm with the modern conveniences tenants (and landlords!) appreciate. Major recent improvements include a new 30-year roof, new porch, HVAC, windows, drainage, and tankless water heater. Both units are currently leased through summer 2027, generating combined rents of $3,805/month, with residents responsible for all utilities. The main-level unit welcomes you into a spacious formal dining room open to a generous living room with a bay window and wood-burning fireplace. The renovated kitchen provides ample cabinet and counter space, stainless steel appliances, and a convenient breakfast/storage nook. Two generous bedrooms, including one with French doors, share a full bathroom. Upstairs, the second unit features a spacious combined living and dining room with glowing wood floors and a generous kitchen. One bedroom with French doors offers flexibility as a family room or additional living space, while a cozy office or dining area leads to the second bedroom. A full bathroom completes this unit. Each residence enjoys private front and rear entrances, while a full unfinished basement provides shared full-size laundry and additional storage. Outside, enjoy a large private yard shaded by mature trees and a shared two-car garage accessed from the alley. With tenants already in place and the major improvements completed, this is an ideal opportunity to add a turn-key rental to your portfolio. Prefer to owner-occupy while rental income helps offset your mortgage? One tenant is open to a lease buyout, offering additional flexibility for the next owner. Don't miss this rare opportunity to own a turn-key income property in one of Ypsilanti's most desirable neighborhoods - schedule your private showing today! 48-hour notice required for showings. Sale subject to tenant's rights.

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Multi-Family Active

Price

$ 399,900

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 11,865

Style

2 to 4 Units

Lot Size

0.18

Year Built

1936

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

26043925

Features
General
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition
Construction Materials Vinyl Siding
Exclusions None
Year Built 1936
Tenant Pays Electric Water Sewer Gas
Township Ypsilanti City
Property Subtype 2 to 4 Units
Tax Year 2026
Ownership Private Owned
Gross Income 45660.0
County Washtenaw
Net Operating Income 29114.0
Operating Expense 16546.0
Insurance Expense 1129.0
New Construction N
Property Type Multi Family
MaintenanceExpense 3552.0
Subdivision Name Normal Park
Status Active
Directions W. Cross Street or S. Congress Street to East Side of N. Wallace Boulevard Between Grant Street and Pearl Street
City Ypsilanti
High School District Ypsilanti
Zoning Description R-1
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 7841.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 11865.28
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 148237
Legal Description *OLD SID - 11 11-422-018-04 YP CITY 42W-197 LOT 4 BLK 18 NORMAL PARK ADDITION.
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement Sink
Total Baths 2
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Exterior
Lot Features Level Sidewalk
Total Parking 2.0
Lot Size Area 0.18
Number of Buildings 1
Spa N
Lot Dimensions 52.00 x 150.00
Lot Size Acres 0.18
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 1 108
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* Excluded Features
List By
Real Estate One Inc

Broker

alex@alexmi.com

Email

Affordability Calculator

$3,514
Per Month
72%
28%
0%
Monthly Principal & Interest
$2,525
Monthly Property Taxes
$989
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
8/20/2026$399,900 Listed Price

Map


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108 N Wallace Boulevard, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $399,900 with a lot size of 0.18. 108 N Wallace Boulevard is a studio with 2.0 baths and was built in 1936. The property's zip code is 48197 which is in Ypsilanti, MI