Property Type:
Multi Family
Lot Size (sq. ft.):
8,276
Status:
Sold
Current Price:
$285,000
List Date:
2/02/2026
Last Modified:
3/31/2026
514 Washtenaw Avenue, Ypsilanti, MI 48197
$271,000
Overview
Description
BEST AND FINAL OFFERS ARE DUE AT 12pm SUNDAY 2/08/2026This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!
Listing Details MLS# 26003725
Location Property Info
- County
- Washtenaw
- Street #
- 514
- Street Name
- Washtenaw
- Suffix
- Avenue
- State
- MI
- Zip Code
- 48197
- Zip (4)
- 2196
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 8276
- Lot Acres
- 0.19
- Lot Dimensions
- 51x164
- Year Built
- 1870
- New Construction
- No
- Financial Available
- Yes
- Cert of Compliance
- Yes
- Road Frontage
- 40
- Total # Units
- 2
- # of Diff Unit Floor Plans
- 2
- Total # Bldgs
- Yes
- Total Parking Spaces
- 6
- Waterfront
- No
- School District
- Ypsilanti
- Basement
- Yes
Tax Info
- Tax ID #
- 11-11-40-182-010
- Taxable Value
- 98639
- SEV
- 129300
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 7962
- Tax Year
- 2025
- Homestead %
- 0
- Spec Assessment & Ty
- No
Status Change Info
- Under Contract Date
- 2026-02-08
- Sold Date
- 2026-03-30
Waterfront Options
- Water Access Y/N
- No
More Information
Access Feat
- Accessibility Features
- No
Unit 1
- Unit #
- Yes
- Unit Description
- Downstairs unit
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 2
- Unit #
- 2
- Unit Description
- Upstairs
- Bathrooms
- 2
- Full Baths
- 2
Location & Property Info
- Cross Streets
- Washtenaw Ave. & Hamilton St.
- Property Sub-Type
- 2 to 4 Units
- Municipality
- Ypsilanti City
Office/Contract Info
- On-Market Date
- 2026-02-02
- Auction or For Sale
- For Sale
Remarks & Misc
- Public Remarks
- BEST AND FINAL OFFERS ARE DUE AT 12pm SUNDAY 2/08/2026This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town — a rare opportunity to own a character-rich, high-yield property in a growing market!
- Legal
- *OLD SID - 11 11-115-608-00 YP CITY 13W-64 LOT 8, BLK 6 DAVID F. BALLENTINES & RICHARD E. MORSE'S ALLOTMENT OF THE WESTERN ADDITION.
Water Type
- Other
- Yes
Street Type
- Public
- Yes
Util Avail at Street
- Natural Gas Available
- Yes
Utilities Attached
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Laundry Features
- In Basement
- Yes
Exterior Material
- Vinyl Siding
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Steam
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Concrete
- Yes
Substructure
- Michigan Basement
- Yes
Owner Pays
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Laundry Features:
In Basement
Water Type:
Other
Exterior Material:
Vinyl Siding
Substructure:
Michigan Basement
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Natural Gas Connected
Util Avail at Street:
Natural Gas Available
Owner Pays:
Trash Collection; Water
Tenant Pays:
Electric; Gas
Heat Source:
Natural Gas
Heat Type:
Steam
Air Conditioning:
Window Unit(s)
Driveway:
Concrete
Street Type:
Public
Terms Available:
Cash; Conventional
Possession:
Close Of Escrow
Sale Conditions:
None
Listing Office:
Beal Properties LLC
Listing Agent:
Tamara Vinson
Last Updated: March - 31 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
