615 Pearl Street, Ypsilanti, MI 48197

New Listing
$549,000
Property Type: Multi Family Lot Size (sq. ft.): 12,981 Status: Active
Current Price: $549,000 List Date: 8/12/2026 Last Modified: 8/12/2026

Overview

Description

Popular 7 unit campus property with great parking. Unit 1- 1 bedroom 1 bath $855/month includes $60 for water and gas. Leased until 8/17/27. Unit 2- 1 bedroom 1 bath $765/month includes $50 for water and gas. Leased until 8/1/27. Unit 3 - 1 bedroom 1 bath $845/month includes $50 for water and gas. Leased until 8/14/27. Unit 4- 1 bedroom 1 bath $790/month includes $50 for water and gas and $25 pet fee. Leased until 8/2/27. Unit 5 - 2 bedroom 1 bath $1,125/month includes $50 for water and gas and $30 pet fee. Leased until 8/11/27. Unit 6 - 2 bedroom 1 bath $995/month includes $50 for water and gas. Leased until 8/21/27. Unit 7 - 2 bedroom 1 bath $1,055/month includes $50 for water and gas. Leased Until 8/1/27. Rent $6340/month, $77,160/year. Boiler replaced in 2024. Roof and windows were replaced in 2022.

Listing Details MLS# 26042175

Location Property Info

County
Washtenaw
Street #
615
Street Name
Pearl
Suffix
Street
State
MI
Zip Code
48197
Zip (4)
2634

General Property Info

Lot Measurement
Acres
Lot Square Footage
12981
Lot Acres
0.3
Lot Dimensions
66x194
Year Built
1880
New Construction
No
Financial Available
No
Financial Comments
No seller financing
Road Frontage
66
Total # Units
7
# of Diff Unit Floor Plans
7
Total # Bldgs
Yes
Total Parking Spaces
12
Waterfront
No
School District
Ypsilanti
Association YN
No
Basement
Yes

Tax Info

Tax ID #
11-11-40-464-012
Taxable Value
173928
SEV
264500
For Tax Year
2026
Seller's Annual Property Tax
14630.43
Tax Year
2026
Spec Assessment & Ty
None
Zoning
CN
Homestead %
0

Remarks Misc

Directions
N Normal St to Pearl St

Access Feat

Accessibility Features
No

More Information

Unit 1

Unit #
Yes
Unit Description
1 Bed, 1 Bath
Occupied
Yes
Monthly Rent
855
Bathrooms
Yes
Full Baths
Yes

Unit 2

Unit #
2
Unit Description
1 Bed, 1 Bath
Occupied
Yes
Monthly Rent
765
Bathrooms
Yes
Full Baths
Yes

Unit 3

Unit #
3
Unit Description
1 Bed, 1 Bath
Occupied
Yes
Monthly Rent
845
Bathrooms
Yes
Full Baths
Yes

Unit 4

Unit #
4
Unit Description
1 Bed, 1 Bath
Occupied
Yes
Monthly Rent
790
Bathrooms
Yes
Full Baths
Yes

Unit 5

Unit #
5
Unit Description
2 Bed, 1 Bath
Occupied
Yes
Monthly Rent
1125
Bathrooms
Yes
Full Baths
Yes

Unit 6

Unit #
6
Unit Description
2 Bed, 1 Bath
Occupied
Yes
Monthly Rent
995
Bathrooms
Yes
Full Baths
Yes

Unit 7

Unit #
7
Unit Description
2 Bed, 1 Bath
Occupied
Yes
Bathrooms
2
Full Baths
Yes
Half Baths
Yes
Monthly Rent
1055

Location & Property Info

Cross Streets
N Normal St & Pearl St
Property Sub-Type
5+ Units
Municipality
Ypsilanti City
Ownership Type
Private Owned

Office/Contract Info

Auction or For Sale
For Sale

Remarks & Misc

Public Remarks
Popular 7 unit campus property with great parking. Unit 1- 1 bedroom 1 bath $855/month includes $60 for water and gas. Leased until 8/17/27. Unit 2- 1 bedroom 1 bath $765/month includes $50 for water and gas. Leased until 8/1/27. Unit 3 - 1 bedroom 1 bath $845/month includes $50 for water and gas. Leased until 8/14/27. Unit 4- 1 bedroom 1 bath $790/month includes $50 for water and gas and $25 pet fee. Leased until 8/2/27. Unit 5 - 2 bedroom 1 bath $1,125/month includes $50 for water and gas and $30 pet fee. Leased until 8/11/27. Unit 6 - 2 bedroom 1 bath $995/month includes $50 for water and gas. Leased until 8/21/27. Unit 7 - 2 bedroom 1 bath $1,055/month includes $50 for water and gas. Leased Until 8/1/27. Rent $6340/month, $77,160/year. Boiler replaced in 2024. Roof and windows were replaced in 2022.
Legal
*OLD SID - 11 11-625-035-00 YP CITY 52W-51 N 8/18 OF LOT 4 CROSS & BAGLEY'S ADDITION AND LOT 35& W 4 FT OF LOT 36 STUCKS ADDITION OWNED AND OCCUPIED AS ONE PARCEL.

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Public Sewer
Yes
Public Water
Yes

Utilities Attached

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Conventional
Yes

Exterior Material

Wood Siding
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Hot Water
Yes

Tenant Pays

Electric
Yes
Gas
Yes
Sewer
Yes
Trash
Yes
Water
Yes

Driveway

Aggregate
Yes

Substructure

Full
Yes

Owner Pays

None
Yes

Possession

Subject To Tenant Rights
Yes

Property Features

Exterior Material: Wood Siding Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Hot Water Driveway: Aggregate Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None
IDX
Listing Office: The Charles Reinhart Company
Listing Agent: Ayad Ridha
Source MLS Verified
Last Updated: August - 12 - 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.