615 Pearl Street, Ypsilanti, MI 48197

$2,499,000
Property Type: Multi Family Lot Size (sq. ft.): 12,981 Status: Active
Current Price: $2,499,000 List Date: 8/19/2026 Last Modified: 8/20/2026

Overview

Description

Special investment opportunity at the steps of the Eastern Michigan University campus. This is group 2 of 2 seven property packages - 615 Pearl St, 351 S Mansfield St, 212 N Summit St, 125 N Summit St, 124 N Summit St, 116 N Summit St, 106 N Summit St. Gross rent for these 7 properties is $355,820 for the 2026-27 school year. For specific property information, refer to the individually listed properties. These are well kept properties and opportunities like this are rare. No seller financing. Contact listing agent with any question.

Listing Details MLS# 26043660

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 # Bldgs
7
Total Parking Spaces
12
Waterfront
No
School District
Ypsilanti
Association YN
No

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

Remarks Misc

Directions
N Normal St to Pearl St.

Access Feat

Accessibility Features
No

More Information

Property Features

Exterior Material: Shingle Siding; Vinyl Siding; Other Substructure: Crawl Space; 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: Forced Air; Hot Water Street Type: 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 - 20 - 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.