515 N Congress Street Ypsilanti, MI ^$ 395,200

515 N Congress Street

^$ 395,200

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515 N Congress Street

Ypsilanti, MI, 48197

^$ 395,200

Studio Baths4.0

Monthly Estimate*

^$ 2,495

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Studio

Multi-Family Home for sale in Ypsilanti, MI

for $395,200 with 4 full baths. This home was built in 1843 on a lot size of 0.15.

Turnkey investment perfect for a beginner investor. Perfect for student housing. This 4 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. The monthly income is $3,530.

Multi-Family Active

Price

^$ 395,200

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 9,075

Style

2 to 4 Units

Lot Size

0.15

Year Built

1843

Town/City

Ypsilanti

County/Region

Washtenaw

MLS | Web ID

26034680

Features

General

Heating Forced Air

Utilities Natural Gas Connected Electricity Connected

Possession Subject To Tenant Rights

Construction Materials Vinyl Siding

Year Built 1843

Tenant Pays Electric

Township Ypsilanti City

Property Subtype 2 to 4 Units

Tax Year 2025

County Washtenaw

New Construction N

Property Type Multi Family

Attached Garage N

Status Active

City Ypsilanti

High School District Ypsilanti

Number Of Units Total 4

Lot Size Units Acres

Lot Size Square Feet 6534.0

Listing Terms VA Loan FHA Cash Conventional

Land Lease Y/N N

Tax Annual Amount 9075.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Tenant

Tax Assessed Value 113512

Legal Description *OLD SID - 11 11-060-060-00 YP CITY 10W-58 LOT 60 ASSESSOR'S PLAT NUMBER 10. 515 CONGRESS

Senior Community None

Interior

Basement Michigan Basement Slab

Basement (Y/N) Y

Heating Y/N Y

Laundry Features None

Total Baths 4

Exterior

Parking Features Driveway Gravel

Total Parking 4.0

Lot Size Area 0.15

Number of Buildings 1

Spa N

Lot Dimensions 66x99

Lot Size Acres 0.15

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 515

* Excluded Features

List By

Beal Properties Llc

Broker

Andre.newfuture@gmail.com

Affordability Calculator

$3,252

Per Month

Monthly Principal & Interest: $2,495
Monthly Property Taxes: $756
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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 ^$500,912

Percent of Sale Price 27%

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.

4209139 Elementary School

4209138 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/31/2026	$395,200	-5.00%	Price Down
7/9/2026	$416,000		Listed Price

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515 N Congress Street, Ypsilanti, MI, 48197 is a Multi-Family Home for sale at $395,200 with a lot size of 0.15. 515 N Congress Street is a studio with 4.0 baths and was built in 1843. 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.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 9/4/2026.

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515 N Congress Street

Multi-Family Home for sale in Ypsilanti, MI

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