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501 Washtenaw, 
Ypsilanti, MI

$262,500


Bed


4

Baths


-

Sq Ft


Multi-Family

Sold

Listed by

Darryn Brundage-Forrest

@Properties Christies Intl Re Ann Arbor

734-237-6901

MLS#

60368547

Source:

MI REALSOURCE

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About This Home

501 Washtenaw

***Turn-Key Investment Property On Eastern Michigan University's Campus! This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms - making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit. The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the upper unit is already income-producing. For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location - walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals, as well as easy access to I-94, US-23, and M-14 for effortless commuting. The cherry on the cake: it's surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential. Open House Saturday. Showings begin Sunday.

Home Facts

Multi-Family

4 Baths

Built in 1884

Price Summary

262,500

MLS #:

60368547

Sold:

August 25, 2025


Rooms & Interior

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1884


Finances & Disclosures

Finances

Price:

$262,500

Source:MI REALSOURCE
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