514 Washtenaw Avenue, Ypsilanti, MI 48197

New Listing
$285,000
Property Type: Multi Family Lot Size (sq. ft.): 8,276 Status: Active
Current Price: $285,000 List Date: 2/02/2026 Last Modified: 2/08/2026

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!

More Information MLS# 26003725

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

General Property Info

New Construction: No Lot Dimensions: 51x164 Financial Available: Yes Road Frontage: 40 Cert of Compliance: Yes Waterfront: No Basement: Yes Total # Units: 2 # of Diff Unit Floor Plans: 2 Total # Bldgs: 1 Total Parking Spaces: 6 School District: Ypsilanti Lot Measurement: Acres Lot Square Footage: 8276 Lot Acres: 0.19 Year Built: 1870

Tax Info

Taxable Value: 98639 SEV: 129300 For Tax Year: 2025 Seller's Annual Property Tax: 7962 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: 0 Tax ID #: 11-11-40-182-010

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.

Waterfront Options

Water Access Y/N: No

Water Type

Other: 1

Street Type

Public: 1

Util Avail at Street

Natural Gas Available: 1

Utilities Attached

Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Laundry Features

In Basement: 1

Exterior Material

Vinyl Siding: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Steam: 1

Air Conditioning

Window Unit(s): 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Gas: 1

Driveway

Concrete: 1

Substructure

Michigan Basement: 1

Owner Pays

Trash Collection: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: Downstairs unit Occupied: Yes Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 2

Unit #: 2 Unit Description: Upstairs Bedrooms: 5 Bathrooms: 2 Full Baths: 2

Possession

Close Of Escrow: 1

Location Property Info

County: Washtenaw Street #: 514 Street Name: Washtenaw Suffix: Avenue State: MI Zip Code: 48197 Zip (4): 2196

OfficeContract Info

Status: Active Current Price: $285,000 List Price: $285,000 Listing Date: 2026-01-18

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
IDX
Last Updated: February - 08 - 2026
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