518 W Michigan Avenue, Ypsilanti, MI 48197 (MLS# 26034687)

518 W Michigan Avenue, Ypsilanti, MI 48197

$296,400

Property Type: Multi Family Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $296,400 List Date: 7/09/2026 Last Modified: 8/31/2026

Overview

Description

Turnkey investment perfect for any investor. Perfect for student housing. This 3 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. Monthly income is $2,665.

Supplements: Financial information available upon signed contract.

Listing Details MLS# 26034687

Location Property Info

County: Washtenaw
Street #: 518
Street Direction: W
Street Name: Michigan
Suffix: Avenue
State: MI
Zip Code: 48197
Zip (4): 5385

General Property Info

Lot Measurement: Acres
Lot Square Footage: 5227
Lot Acres: 0.12
Lot Dimensions: 75x70
Year Built: 1893
New Construction: No
Road Frontage: 75
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: Yes
Total Parking Spaces: 2
Waterfront: No
School District: Ypsilanti

Tax Info

Tax ID #: 11-11-40-463-038
Taxable Value: 94278
SEV: 110300
For Tax Year: 2025
Seller's Annual Property Tax: 7537
Tax Year: 2025

Access Feat

Accessibility Features: No

Unit 1

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

More Information

Unit 2

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

Unit 3

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

Property Features

Laundry Features: None Exterior Material: Vinyl Siding Substructure: Crawl Space; 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: Electric; Natural Gas Heat Type: Forced Air Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan Possession: Subject To Tenant Rights Sale Conditions: None

Documents

Zoning map ›

Listing Office: Beal Properties LLC

Listing Agent: Andre Kingston

Last Updated: August - 31 - 2026

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