Investment opportunity! This top-bottom duplex offers great income potential. Upper unit (2 bed/1 bath) with kitchen, living area, and balcony is leased through 6/31/2025 at $1,200/mo. Lower unit (2 bed/1 bath) is currently vacant features updated flooring and a new furnace (2020) . Detached 2-car garage leased through 6/7/2025 at $260/mo. Fire escape meets city code. Shared laundry in utility room. Large fenced backyard. Convenient location near EMU, I-94, and downtown Ypsilanti. City certified till Dec. 2026. Lots of potential for investors! Do not disturb tenants.
Sold
$243,000
550 1st Ave, Ypsilanti, MI 48197
4beds
2baths
--sqft
2 to 4 Units
Built in 1959
-- sqft lot
$242,300 Zestimate®
$--/sqft
$1,752 Estimated rent
Home value
$242,300
$216,000 - $271,000
$1,752/mo
Zestimate® history
Owner options
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$1,752/mo
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$1,752/mo
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$1,698/mo
Est. payment
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$1,698/mo
Est. payment
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List your homeWhat's special
Large fenced backyardUpdated flooringNew furnace
Zillow last checked:
Listing updated:
Listed by:
Amer Bishtawi 904-672-5802,
Trillium Real Estate
Bought with:
Zee Fofana
Source: MichRIC,MLS#: 25024213
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Basement: Walk-Out Access
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Driveway
Lot
- Size: 0.3 Acres
- Dimensions: 66' x 198'
Details
- Parcel number: 111139465022
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick, Vinyl Siding
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Bartholomews Add
HOA
- Amenities included: Laundry
- Services included: None
Location
- Region: Ypsilanti
Financial & listing details
- Tax assessed value: $79,100
- Annual tax amount: $6,583
- Date on market: 5/26/2025
- Listing terms: FHA,Cash,Conventional
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2025 | Sold | $243,000+2.6% |
Source:  MichRIC #25024213 Report a problem | ||
| 6/5/2025 | Contingent | $236,900 |
Source: MichRIC #25024213 Report a problem | ||
| 5/26/2025 | Listed for sale | $236,900+24.7% |
Source: MichRIC #25024213 Report a problem | ||
| 4/19/2023 | Sold | $190,000-5% |
Source: Public Record Report a problem | ||
| 4/3/2023 | Pending sale | $199,900 |
Source:  Realcomp II #20230009402 Report a problem | ||
| 3/29/2023 | Listed for sale | $199,900 |
Source: Realcomp II #20230009402 Report a problem | ||
| 2/17/2023 | Listing removed | -- |
Source: Realcomp II #20230009402 Report a problem | ||
| 2/15/2023 | Pending sale | $199,900 |
Source: Realcomp II #20230009402 Report a problem | ||
| 2/11/2023 | Listed for sale | $199,900+11.1% |
Source: Realcomp II #20230009402 Report a problem | ||
| 6/15/2022 | Listing removed | -- |
Source: Realcomp II #20221001292 Report a problem | ||
| 6/7/2022 | Listed for sale | $180,000+26.8% |
Source: Realcomp II #20221001292 Report a problem | ||
| 12/9/2020 | Sold | $142,000 |
Source: Public Record Report a problem | ||
| 11/9/2020 | Pending sale | $142,000 |
Source: Real Estate One #3275211 Report a problem | ||
| 9/2/2020 | Listed for sale | $142,000 |
Source: Real Estate One #3275211 Report a problem | ||
| 8/6/2020 | Pending sale | $142,000 |
Source: Real Estate One #3275211 Report a problem | ||
| 7/30/2020 | Listed for sale | $142,000+19.3% |
Source: Real Estate One #3275211 Report a problem | ||
| 11/13/2018 | Sold | $119,000-30% |
Source: Public Record Report a problem | ||
| 10/17/2017 | Listing removed | $169,900 |
Source: Ann Arbor #3248506 Report a problem | ||
| 10/1/2017 | Price change | $169,900+42.9% |
Source: Ann Arbor #3248506 Report a problem | ||
| 8/8/2017 | Price change | $118,900-7.2% |
Source: Ann Arbor #3248506 Report a problem | ||
| 5/4/2017 | Price change | $128,100-24.6% |
Source: Ann Arbor #3248506 Report a problem | ||
| 4/21/2017 | Listed for sale | $169,900+448.1% |
Source: Keller Williams - Ann Arbor #3248506 Report a problem | ||
| 2/14/2013 | Sold | $31,000-8.6% |
Source: Public Record Report a problem | ||
| 1/11/2013 | Price change | $33,900-12% |
Source: WEICHERT, REALTORS� EHMAN & GREENSTREET- #212122733 Report a problem | ||
| 12/8/2012 | Listed for sale | $38,520-60.2% |
Source: Homepath #212122733 Report a problem | ||
| 8/13/2012 | Sold | $96,900 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,583 | $83,700 +5.8% |
| 2024 | -- | $79,100 +20.9% |
| 2023 | -- | $65,400 +5.8% |
| 2022 | -- | $61,800 +14% |
| 2021 | -- | $54,200 +20.7% |
| 2020 | $3,743 | $44,900 +9.5% |
| 2019 | -- | $41,000 +8.8% |
| 2018 | -- | $37,700 +4.7% |
| 2017 | $2,941 | $36,000 +5.9% |
| 2016 | $2,941 | $34,001 +0.3% |
| 2015 | -- | $33,900 -13.1% |
| 2014 | -- | $39,000 |
| 2013 | -- | $39,000 -1.2% |
| 2012 | -- | $39,479 +2.7% |
| 2011 | -- | $38,442 +1.7% |
| 2010 | -- | $37,800 -0.3% |
| 2009 | -- | $37,900 -4.3% |
| 2008 | -- | $39,600 -9.4% |
| 2007 | -- | $43,719 +0% |
| 2005 | -- | $43,700 +1.4% |
| 2004 | -- | $43,100 +8% |
| 2003 | -- | $39,900 +24.7% |
| 2002 | $1,213 +24.2% | $32,000 +10.7% |
| 2001 | $977 +16.8% | $28,900 +20.4% |
| 2000 | $836 +241.1% | $24,000 +3.9% |
| 1999 | $245 | $23,100 |
Find assessor info on the county website
Neighborhood: Heritage Park
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GreatSchools rating
- NAPerry Early Learning CenterGrades: PK-1Distance: 0.3 mi
- 3/10Estabrook SchoolGrades: PK,1-8Distance: 1.1 mi
- 2/10AC Tech High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$242,300
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Estimated market value
$242,300
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