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$ 367,500
$ 400,000 8.1%
Est. payment /mo
Sold on 07/23/2026
316 Washtenaw Avenue Ypsilanti, MI 48197
2 Baths
6,098 Sqft Lot
UPDATED:
Key Details
Sold Price $367,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Municipality Ypsilanti City
Subdivision Ypsilanti City
MLS Listing ID 20261041445
Sold Date 07/23/26
Year Built 1865
Annual Tax Amount $7,727
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 83x75
Source Realcomp
Property Description
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.
Location
State MI
County Washtenaw
Zoning Multi-Family,Residential
Direction West of Huron and North of Michigan Ave
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Wood Siding
Schools
School District Ypsilanti
Others
Tax ID 111140413005
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by EXP Realty Main
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