Sold

$420,000

217 N Summit St, Ypsilanti, MI 48197

6beds

8baths

--sqft

5+ Units

Built in 1910

-- sqft lot

$416,600 Zestimate^®

$--/sqft

$1,899 Estimated rent

Home value

$416,600

$375,000 - $462,000

$1,899/mo

Zestimate^® history

Owner options

List your home for rent

$1,899/mo

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$1,899/mo

Rent Zestimate^®

Refinance and save

$2,779/mo

Est. payment

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$2,779/mo

Est. payment

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What's special

Driveway and parking lotUnit updatesHeating system

Investors take note of this 7 Unit Income property in Ypsilanti steps from the Eastern Michigan Campus. Over $72,000 in gross rental income, $11,114 in expenses. Separate electric for units. Current insurance is $4848.00. Updates in the last 4 years include Roof, Heating system, driveway and parking lot Land Contract terms possible. Awesome Investment opportunity.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 8

Heating

Steam

Cooling

Window Unit(s)

Appliances

Laundry: Common Area, In Basement

Features

Basement: Daylight,Full

Property

Parking

Total spaces: 7
Parking features: Aggregate, Driveway, Asphalt

Lot

Size: 8,276 Square Feet
Dimensions: 59 x 140
Features: Level, Sidewalk

Details

Parcel number: 111140138023

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Block, Stone, Vinyl Siding

Condition

New construction: No
Year built: 1910

Utilities & green energy

Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: Ypsilanti

Financial & listing details

Tax assessed value: $85,669
Annual tax amount: $7,213
Date on market: 10/6/2025
Listing terms: Cash,Conventional,Contract
Tenant pays: Electricity
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
2/3/2026	Sold	$420,000-10.6%
Source: MichRIC #25051296 Report a problem
1/5/2026	Contingent	$469,900
Source: MichRIC #25051296 Report a problem
11/19/2025	Price change	$469,900-2.1%
Source: MichRIC #25051296 Report a problem
10/27/2025	Price change	$479,900-4%
Source: MichRIC #25051296 Report a problem
10/6/2025	Listed for sale	$499,900
Source: MichRIC #25051296 Report a problem