Active

$495,000

124 N Summit St, Ypsilanti, MI 48197

9beds

4baths

--sqft

$3,721/mo

Get pre-qualified

2 to 4 Units

Built in 1890

-- sqft lot

$473,200 Zestimate^®

$--/sqft

$-- HOA

What's special

Coin operated laundry

Fantastic 4 unit property close to campus with garage and coin operated laundry. No seller financing. Unit 1 - one bedroom one bath $800/month includes $70 for water and gas. Leased to 8/1/27 Unit 2 - three bedrooms one bath $1,495/month includes $50 for water and gas. Leased to 8/10/27. Unit 3 - two bedrooms one bath $1,175 includes $50 for water and gas. Leased to 7/31/27. Unit 4 - three bedrooms 1 bath $1,655/month includes $50 for water and gas, and $60 pet fee. Leased to 8/13/27. Additional income $100/month for garage rent, leased to 10/31/26. Coin laundry. Total $5,225/month. Gross rent is $62,700for the 2026-27 school year. Roof replaced in 2016. C of O expires 11/01/2026.

25 days
206
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 4

Heating

Baseboard, Hot Water

Appliances

Laundry: Common Area

Features

Basement: Full

Property

Parking

Total spaces: 14
Parking features: Asphalt, Driveway, Concrete

Lot

Size: 9,147 Square Feet
Dimensions: 62 x 150

Details

Parcel number: 111140164015

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1890

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: Ypsilanti

Financial & listing details

Tax assessed value: $104,869
Annual tax amount: $8,821
Date on market: 8/12/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$473,200

$450,000 - $497,000

Not available

Price history

Date	Event	Price
8/12/2026	Listed for sale	$495,000+94.1%
Source: MichRIC #26042161 Report a problem
3/24/2026	Listing removed	$1,395
Source: Zillow Rentals Report a problem
1/12/2026	Listed for rent	$1,395+142.6%
Source: Zillow Rentals Report a problem
9/18/2014	Listing removed	$575
Source: J & S Management LLC Report a problem
9/10/2014	Listed for rent	$575
Source: J & S Management LLC Report a problem
8/5/2014	Listing removed	$575
Source: J & S Management LLC Report a problem
7/24/2014	Listed for rent	$575
Source: J & S Management LLC Report a problem
5/6/2014	Listing removed	$575
Source: J & S Management LLC Report a problem
4/15/2014	Price change	$575-4.2%
Source: J & S Management LLC Report a problem
2/2/2014	Listed for rent	$600-17.2%
Source: J & S Management LLC Report a problem
7/15/2013	Listing removed	$725
Source: J & S Management LLC Report a problem
7/8/2013	Listed for rent	$725
Source: J & S Management LLC Report a problem
6/7/2013	Listing removed	$725
Source: J & S Management LLC Report a problem
5/7/2013	Price change	$725-3.3%
Source: J & S Management LLC Report a problem
4/12/2013	Listed for rent	$750
Source: J & S Management LLC Report a problem
7/7/2006	Sold	$255,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,465	$154,500 +2.5%
2024	--	$150,700 +14.4%
2023	--	$131,700 +9.5%
2022	--	$120,300 +3.7%
2021	--	$116,000 +9.3%
2020	$7,892	$106,100 +0.9%
2019	--	$105,200 +2.4%
2018	--	$102,700 +3.1%
2017	$7,087	$99,600 +21.6%
2016	$7,087	$81,940 +0.3%
2015	--	$81,695 +3.2%
2014	--	$79,143
2013	--	$79,143 +2.4%
2012	--	$77,289 +2.7%
2011	--	$75,258 +1.7%
2010	--	$74,000 -17.8%
2009	--	$90,000 -7.5%
2008	--	$97,300 -14%
2007	--	$113,100 +10.9%
2005	--	$102,000 +9.7%
2004	--	$93,000 +8.1%
2003	--	$86,000 +12%
2002	$4,968 +18%	$76,800 +13.3%
2001	$4,210 +30.2%	$67,800 +2.9%
2000	$3,233 +138.4%	$65,900
1999	$1,356	$65,900