Active

$375,000

425 N Adams St, Ypsilanti, MI 48197

4beds

4baths

--sqft

$3,023/mo

Get pre-qualified

2 to 4 Units

Built in 1915

-- sqft lot

$329,100 Zestimate^®

$--/sqft

$-- HOA

What's special

Fully occupied 4-unit investment property in Ypsilanti featuring four 1-bedroom, 1-bath units and $37,740 in current annual rental income, including garage income. All four units are currently rented, providing an investor with established cash flow from day one. Each unit offers a practical layout, with locked private storage for each tenant in the basement and shared washer and dryer facilities. The property also includes a detached garage, currently generating additional rental income. Conveniently located near downtown Ypsilanti, Eastern Michigan University, shopping, dining, parks and major commuter routes. A great opportunity to add a fully rented, income-producing multifamily property to your investment portfolio with potential for future rental growth.

4 days
176
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4

Heating

Forced Air

Cooling

Window Unit(s)

Appliances

Laundry: Common Area, In Basement

Features

Basement: Full

Property

Parking

Total spaces: 6
Parking features: Driveway, Gravel

Lot

Size: 7,840 Square Feet
Features: Level, Sidewalk

Details

Parcel number: 111140109023
Zoning description: R-2

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Aluminum Siding, Brick
Roof: Composition

Condition

New construction: No
Year built: 1915

Utilities & green energy

Sewer: Public Sewer, Storm 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: $89,115
Annual tax amount: $7,125
Date on market: 10/4/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$329,100

$299,000 - $359,000

$1,235/mo

Price history

Date	Event	Price
10/4/2026	Listed for sale	$375,000+134.4%
Source: MichRIC #26052740 Report a problem
9/26/2023	Listing removed	--
Source: Zillow Rentals Report a problem
9/21/2023	Listed for rent	$775+3.3%
Source: Zillow Rentals Report a problem
8/27/2023	Listing removed	--
Source: Zillow Rentals Report a problem
8/18/2023	Listed for rent	$750+3.4%
Source: Zillow Rentals Report a problem
10/20/2019	Listing removed	$725
Source: H.P.E., LLC Report a problem
10/14/2019	Listed for rent	$725+11.5%
Source: H.P.E., LLC Report a problem
1/21/2019	Listing removed	$650
Source: H.P.E., LLC Report a problem
1/14/2019	Listed for rent	$650-6.5%
Source: H.P.E., LLC Report a problem
2/23/2018	Listing removed	$695
Source: H.P.E., LLC Report a problem
2/12/2018	Listed for rent	$695+3%
Source: H.P.E., LLC Report a problem
11/27/2017	Listing removed	$675
Source: H.P.E., LLC Report a problem
11/20/2017	Listed for rent	$675+3.8%
Source: H.P.E., LLC Report a problem
8/24/2017	Listing removed	$650
Source: H.P.E., LLC Report a problem
8/18/2017	Listed for rent	$650+4%
Source: H.P.E., LLC Report a problem
1/27/2017	Listing removed	$625
Source: H.P.E., LLC Report a problem
1/18/2017	Listed for rent	$625+4.2%
Source: H.P.E., LLC Report a problem
9/15/2015	Listing removed	$600
Source: Zillow Rental Network Report a problem
9/8/2015	Listed for rent	$600
Source: H.P.E., LLC Report a problem
1/5/2015	Listing removed	$600
Source: H.P.E., LLC Report a problem
12/1/2014	Price change	$600-4%
Source: H.P.E., LLC Report a problem
11/26/2014	Listed for rent	$625+4.2%
Source: H.P.E., LLC Report a problem
7/21/2014	Listing removed	$600
Source: H.P.E., LLC Report a problem
7/16/2014	Listed for rent	$600+4.3%
Source: H.P.E., LLC Report a problem
4/8/2014	Listing removed	$575
Source: H.P.E., LLC Report a problem
2/13/2014	Sold	$160,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$7,125 +1.7%	$161,200 +5.6%
2025	$7,004	$152,600 +7.8%
2024	--	$141,500 +12.9%
2023	--	$125,300 +10.2%
2022	--	$113,700 +2.9%
2021	--	$110,500 +11.2%
2020	$6,530	$99,400 +16.3%
2019	--	$85,500 +0.6%
2018	--	$85,000 +3.7%
2017	$5,864	$82,000 +20.9%
2016	$5,864	$67,802 +0.3%
2015	--	$67,600 +10.3%
2014	--	$61,300
2013	--	$61,300
2012	--	$61,300 -9.3%
2011	--	$67,600 -0.7%
2010	--	$68,051 -0.3%
2009	--	$68,256 +7.2%
2008	--	$63,656 +2.3%
2007	--	$62,225 -33.6%
2005	--	$93,700 +4.7%
2004	--	$89,500 +4.1%
2003	--	$86,000 +11%
2002	$3,883 +18.4%	$77,500 +13.3%
2001	$3,281 +32.1%	$68,400 +22.4%
2000	$2,483 +138.4%	$55,900 +1.3%
1999	$1,041	$55,200