316 Washtenaw Avenue
Ypsilanti, MI, 48197 $ 400,000
Baths2.0 Sq 3,112 Monthly Estimate*
$ 2,463
Studio for $400,000 with 2 full baths. This 3,112 square foot home was built in 1865 on a lot size of 0.14.
Opportunities like this don't come along often. Whether you're looking to expand your investment portfolio, house hack, or own a piece of local history, this beautifully maintained side-by-side duplex checks all the boxes. Offering approximately 3,112 square feet, this income-producing property features 7 bedrooms and 2 full baths between two spacious units. One side offers 3 bedrooms and 1 bath, while the other features 4 bedrooms and 1 bath. From the moment you arrive, you'll appreciate the curb appeal, mature trees, colorful landscaping, and timeless character. Inside, you'll find hardwood floors, classic moldings, fireplaces, and historic details throughout. The numbers make sense too. Market rents are estimated at approximately $4,200 per month, with the 4-bedroom unit projected at $2,150/month and the 3-bedroom unit at $1,950/month. The current tennant vacates in August so you can take these up to current market rates! Most major improvements have already been completed, including updated 90% effecient furnaces, water heaters, plumbing, central air units, dimensional shingle roof, and more. Very little is left to do but collect rent and enjoy ownership. Conveniently located near parks, shopping, dining, campus amenities, and I-94, the property also offers 6 off-street parking spaces behind the home plus additional street parking. Don't wait. Properties with this combination of historic charm, strong cash flow, major updates, and prime location don't last long. Schedule your showing today. *A house hacker may qualify for an FHA 5% owner occupant loan too! Live in one side and rent the other! Showings begin Saturday, June 13th after 1:00 PM on vacant Unit #316. The occupied unit will be shown upon accepted offer. AGENTS: Download the SentriLock app for convenient access. Check Agent Remarks or ShowingTime for the secure offer submission link. Do NOT email offers.
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FeaturesGeneralHeating Forced Air
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1865
Subdivision Norris & Cross Add MI
Style Colonial
County Washtenaw
Class MULTIFAMILY
Type Multi-Family
Net Income 50400
Ownership Private
Municipality Ypsilanti
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ypsilanti (81033)
Primary City Ypsilanti
Directions West of Huron and North of Michigan Ave
City Ypsilanti
School District Ypsilanti Public School District
Financial Terms Cash Conventional FHA
Legal Description *OLD SID - 11 11-441-418-20 YP CITY 44W-130 S 75' - LOT 418 NORRIS & CROSS ADDITION.
DOM 1
Postal Code 48197
Price Per Sq Ft Total AG 128.53
Public Remarks Opportunities like this don't come along often. Whether you're looking to expand your investment portfolio house hack or own a piece of local history
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InteriorBasement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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ExteriorExterior Wood
Lot Size Area 0.14
Lot Dimensions 83x75
Roads Private Road
Waterfront Y/N No
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* Excluded FeaturesList Bycarlo@carlogobba.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,463
- Monthly Property Taxes
- $644
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Ypsilanti, MI
Average List Price $421,319
Percent of Sale Price 5%
About Ypsilanti, MI 20,639 Population
-8% Since 2002
$ 38,265 Median Income
27.51 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
1367115 Elementary School
1367113 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/12/2026 | $400,000 | | Listed Price |