Turnkey investment perfect for any investor. Perfect for student housing. This 3 unit/residential multi-family is close to the university and the downtown. An old large house turned into apartments with reasonable rents and well maintained. With parking spaces, the city transit and nearby business and food services, this is an ideal location. High earnings . Clean spacious, and ready to make someone passive income. Zoning map attached. Monthly income is $2,665. Financial information available upon signed contract.
Active
$312,000
518 W Michigan Ave, Ypsilanti, MI 48197
3beds
3baths
--sqft
:
Get pre-qualified$2,346/mo
2 to 4 Units
Built in 1893
-- sqft lot
$298,500 Zestimate®
$--/sqft
$-- HOA
What's special
Parking spacesWell maintainedClean spacious
- 22 days |
- 307 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Andre Kingston 810-292-5176,
Beal Properties LLC 734-662-6133
Source: MichRIC,MLS#: 26034687
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: None
Features
- Basement: Crawl Space,Michigan Basement,Slab
Property
Parking
- Total spaces: 2
Lot
- Size: 5,227 Square Feet
- Dimensions: 75 x 70
Details
- Parcel number: 111140463038
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1893
Utilities & green energy
- Utilities for property: Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Ypsilanti
Financial & listing details
- Tax assessed value: $94,278
- Annual tax amount: $7,537
- Date on market: 7/9/2026
- Listing terms: VA Loan,MSHDA,FHA,Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
$298,500
$284,000 - $313,000
$1,331/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $312,000+124.5% |
Source:  MichRIC #26034687 Report a problem | ||
| 8/1/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/13/2024 | Listed for rent | $895 |
Source: Zillow Rentals Report a problem | ||
| 5/4/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/20/2024 | Listed for rent | $895 |
Source: Zillow Rentals Report a problem | ||
| 12/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/1/2023 | Listed for rent | $895+64.2% |
Source: Zillow Rentals Report a problem | ||
| 5/13/2016 | Listing removed | $545-8.4% |
Source: Barnes & Barnes Apartment Rentals Report a problem | ||
| 2/11/2016 | Listed for rent | $595 |
Source: Barnes & Barnes Apartment Rentals Report a problem | ||
| 10/1/2015 | Listing removed | $139,000 |
Source: Realty Ink #215045792 Report a problem | ||
| 5/14/2015 | Listed for sale | $139,000 |
Source: Realty Ink #215045792 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,410 | $102,500 +8% |
| 2024 | -- | $94,900 +11.9% |
| 2023 | -- | $84,800 +9.8% |
| 2022 | -- | $77,200 +2.5% |
| 2021 | -- | $75,300 +11.7% |
| 2020 | $3,460 | $67,400 +14% |
| 2019 | -- | $59,100 -0.5% |
| 2018 | -- | $59,400 +3.1% |
| 2017 | $3,108 | $57,600 +60.3% |
| 2016 | $3,108 | $35,932 +0.3% |
| 2015 | -- | $35,825 +3.2% |
| 2014 | -- | $34,706 |
| 2013 | -- | $34,706 +2.4% |
| 2012 | -- | $33,893 +2.7% |
| 2011 | -- | $33,002 +1.7% |
| 2010 | -- | $32,451 -0.3% |
| 2009 | -- | $32,549 +4.4% |
| 2008 | -- | $31,178 +2.3% |
| 2007 | -- | $30,478 -49.9% |
| 2005 | -- | $60,800 +6.1% |
| 2004 | -- | $57,300 +3.6% |
| 2003 | -- | $55,300 +20.2% |
| 2002 | $1,818 +18.4% | $46,000 |
| 2001 | $1,536 +32.1% | $46,000 +26% |
| 2000 | $1,163 +138.4% | $36,500 +29.9% |
| 1999 | $488 | $28,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Woods Road
Nearby schools
GreatSchools rating
- NAPerry Early Learning CenterGrades: PK-1Distance: 0.5 mi
- 3/10Estabrook SchoolGrades: PK,1-8Distance: 1 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 1.3 mi
- $---- bd-- ba-- sqft518 W Michigan Ave #UNIT-2, Ypsilanti, MI 48197Off Market
- $---- bd-- ba-- sqft518 W Michigan Ave #UNIT-3, Ypsilanti, MI 48197Off Market
- $--1 bd1 ba450 sqft518 W Michigan Ave APT 1, Ypsilanti, MI 48197Off Market
- $--1 bd1 ba450 sqft518 W Michigan Ave APT 2, Ypsilanti, MI 48197Off Market
- $--1 bd1 ba400 sqft518 W Michigan Ave APT 3, Ypsilanti, MI 48197Off Market
- $284,5005 bd3 ba2.1k sqft522 W Michigan Ave, Ypsilanti, MI 48197Sold
- $--1 bd1 ba-- sqft522 W Michigan Ave #1, Ypsilanti, MI 48197Off Market
- $--1 bd1 ba450 sqft515 N Congress St APT 3, Ypsilanti, MI 48197Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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