515 N Congress Street, Ypsilanti, MI 48197 (MLS# 26034680)

515 N Congress Street, Ypsilanti, MI 48197

$395,200

Property Type: Multi Family Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $395,200 List Date: 7/09/2026 Last Modified: 8/31/2026

Overview

Description

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.

Listing Details MLS# 26034680

Location Property Info

County: Washtenaw
Street #: 515
Street Direction: N
Street Name: Congress
Suffix: Street
State: MI
Zip Code: 48197
Zip (4): 4738

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Lot Dimensions: 66x99
Year Built: 1843
New Construction: No
Road Frontage: 66
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2122
Total Parking Spaces: 4
Waterfront: No
School District: Ypsilanti

Tax Info

Tax ID #: 11-11-40-463-002
Taxable Value: 113512
SEV: 125300
For Tax Year: 2025
Seller's Annual Property Tax: 9075
Tax Year: 2025

Access Feat

Accessibility Features: No

Unit 1

Unit Description: 1bd
Bathrooms: Yes
Full Baths: Yes

More Information

Unit 2

Unit Description: 1bd
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: 1 bd
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit Description: Studio
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: None Exterior Material: Vinyl Siding Substructure: Michigan Basement; Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: None Owner Pays: Gas; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Forced Air Driveway: Gravel Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA; VA Loan Possession: Subject To Tenant Rights Sale Conditions: None

Documents

Lead paint ›

Listing Office: Beal Properties LLC

Listing Agent: Andre Kingston

Last Updated: August - 31 - 2026

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