Active

Price cut: $20K (6/16)

$319,000

125 N Summit St, Ypsilanti, MI 48197

6beds

3baths

--sqft

$2,463/mo

Get pre-qualified

2 to 4 Units

Built in 1864

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Ample off street parking

Updated three unit income property within a short walk to campus that includes a garage! No seller financing. Unit 1 has 3 bedrooms and 1 bath and leased to August 2027 ($16,140/yr). Unit 2 has 1 bedroom and 1 bath and leased to August 2027 ($10,740/yr). Unit 3 had 2 bedrooms and 1 bath and least to August 2027 ($11,340/yr). Garage is lease for $600/yr. Total rent for the 2026-27 school year is $38,820. There is ample off street parking. Tenants pay gas, electric, water/sewer. C of O expires 11/01/2026.

149 days
275
15

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Forced Air

Features

Basement: Partial

Property

Parking

Total spaces: 7

Lot

Size: 10,018 Square Feet
Dimensions: 66 x 152

Details

Parcel number: 111140163022

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1864

Utilities & green energy

Utilities for property: Cable Available, Cable Connected

Community & HOA

Location

Region: Ypsilanti

Financial & listing details

Tax assessed value: $115,098
Annual tax amount: $9,201
Date on market: 4/9/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Water, Sewer, Gas

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Price change	$319,000-5.9%
Source: MichRIC #26014509 Report a problem
4/9/2026	Listed for sale	$339,000+72.5%
Source: MichRIC #26014509 Report a problem
11/20/2023	Listing removed	--
Source: Zillow Rentals Report a problem
11/8/2023	Listed for rent	$100-87.5%
Source: Zillow Rentals Report a problem
7/17/2016	Listing removed	$800-27.3%
Source: J & S Management LLC Report a problem
4/8/2014	Listing removed	$1,100
Source: J & S Management LLC Report a problem
3/8/2014	Price change	$1,100+46.7%
Source: J & S Management LLC Report a problem
1/17/2014	Listed for rent	$750
Source: J & S Management LLC Report a problem
5/7/2013	Listing removed	$750
Source: J & S Management LLC Report a problem
4/17/2013	Listed for rent	$750
Source: J & S Management LLC Report a problem
6/14/2005	Sold	$196,500
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,046	$174,800 +2.6%
2024	--	$170,400 +15.8%
2023	--	$147,200 +9.3%
2022	--	$134,700 +3.1%
2021	--	$130,700 +9%
2020	$8,434	$119,900 +0.8%
2019	--	$119,000 +2.4%
2018	--	$116,200 +3.1%
2017	$7,574	$112,700 +28.7%
2016	$7,574	$87,570 +0.3%
2015	--	$87,309 +3.2%
2014	--	$84,582
2013	--	$84,582 +2.4%
2012	--	$82,600 -2.7%
2011	--	$84,919 +1.7%
2010	--	$83,500 -18%
2009	--	$101,800 -4.6%
2008	--	$106,700 -11.3%
2007	--	$120,300 +1.1%
2005	--	$119,000 +0.6%
2004	--	$118,300 +3.6%
2003	--	$114,200 +23.2%
2002	$3,602 +18.4%	$92,700
2001	$3,044 +32.1%	$92,700 +26%
2000	$2,304 +138.4%	$73,600 +37.6%
1999	$966	$53,500