Amazing, rare investment opportunity! Charming 4-unit, multi-family income property close to the best of Ypsilanti including Depot Town, Frog Island and Riverside Parks, Hyperion and Vertex Coffee Roasters, the Ypsilanti Food Co-op, Eastern Michigan University, and more. Solid, turn-key property, very well-maintained and updated with charming vibes inside and out. Three 1-bedroom units (2 currently rented long-term) go for $1,125, and $1,150/month and efficiency unit, also currently rented, goes for $725/month. All units have their own entrance from the outside, kitchens, bathrooms, and washer/dryers (a huge plus). Newly updated Certificate of Occupancy good through 2026 with potential for short- or long-term rental potential—could also be owner occupied. Owner pays for gas and water and renters pay for separate-metered electricity. Newer boiler, 2-car garage, beautiful landscapingthis is a must see property!
Sold
$484,750
422 N River St, Ypsilanti, MI 48198
3beds
4baths
--sqft
2 to 4 Units
Built in 1875
-- sqft lot
$489,500 Zestimate®
$--/sqft
$1,494 Estimated rent
Home value
$489,500
$436,000 - $548,000
$1,494/mo
Zestimate® history
Owner options
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$1,494/mo
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$3,280/mo
Est. payment
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$3,280/mo
Est. payment
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Beautiful landscaping
Zillow last checked:
Listing updated:
Listed by:
Natalie Jean 248-497-5205,
@properties Christie's Int'lAA
Bought with:
Anthony Orlando
Source: MichRIC,MLS#: 25000469
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Heating
- Radiant
Cooling
- Window Unit(s)
Appliances
- Laundry: See Remarks
Features
- Basement: Michigan Basement
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Gravel
Lot
- Size: 4,791 Square Feet
- Dimensions: 4966 SF
- Features: Corner Lot
Details
- Parcel number: 111104495010
- Zoning description: CN-SF
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Other
Condition
- New construction: No
- Year built: 1875
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Ypsilanti
Financial & listing details
- Tax assessed value: $64,352
- Annual tax amount: $5,104
- Date on market: 1/5/2025
- Listing terms: FHA,Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2025 | Sold | $484,750+7.7% |
Source:  MichRIC #25000469 Report a problem | ||
| 1/12/2025 | Pending sale | $450,000 |
Source: MichRIC #25000469 Report a problem | ||
| 1/5/2025 | Listed for sale | $450,000+200.2% |
Source: MichRIC #25000469 Report a problem | ||
| 9/1/2013 | Listing removed | $149,900 |
Source: CENTURY 21 Brookshire #3211935 Report a problem | ||
| 4/18/2013 | Listed for sale | $149,900 |
Source: Century 21 Brookshire #3211933 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,355 | $123,300 +1.3% |
| 2024 | -- | $121,700 -1.5% |
| 2023 | -- | $123,600 +11.6% |
| 2022 | -- | $110,800 +6% |
| 2021 | -- | $104,500 +5.7% |
| 2020 | $4,993 | $98,900 +31% |
| 2019 | -- | $75,500 +5.2% |
| 2018 | -- | $71,800 +1.1% |
| 2017 | $4,484 | $71,000 +37% |
| 2016 | $4,484 | $51,842 +0.3% |
| 2015 | -- | $51,687 +3.2% |
| 2014 | -- | $50,073 |
| 2013 | -- | $50,073 +2.4% |
| 2012 | -- | $48,900 -10.6% |
| 2011 | -- | $54,700 -15.6% |
| 2010 | -- | $64,800 -1.2% |
| 2009 | -- | $65,616 +4.4% |
| 2008 | -- | $62,851 +2.3% |
| 2007 | -- | $61,438 -31.4% |
| 2005 | -- | $89,500 +12.6% |
| 2004 | -- | $79,500 +5.3% |
| 2003 | -- | $75,500 +18% |
| 2002 | $3,834 +18.4% | $64,000 |
| 2001 | $3,239 +32% | $64,000 +26.2% |
| 2000 | $2,454 +206.8% | $50,700 +1.8% |
| 1999 | $800 | $49,800 |
Find assessor info on the county website
Neighborhood: Historic East Side
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Nearby schools
GreatSchools rating
- NAPerry Early Learning CenterGrades: PK-1Distance: 1.1 mi
- 3/10Estabrook SchoolGrades: PK,1-8Distance: 1.6 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$489,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$489,500
- Michigan
- Washtenaw County
- Ypsilanti
- 48198
- Historic East Side
- 422 N River St
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