501 Washtenaw Road
Ypsilanti, MI 48197
- – beds
- 4 baths
- 2,506 sqft
- $159 per sqft
- 1884 build
- – on site
***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. Lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs units has 3 bedrooms and 2 full bathrooms making it ideal for student housing or multi-family living. 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 units are already income-producing. For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 2 bedroom that could rent for ~ $1,100/month+ on the third level. Ultimately this property is in a prime location. You will find that it is 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 and US-23 and M-14 for effortless commuting. The cherry on the cake is that it is surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Feb 6, 2025
•
MLS# 20250007590 —
The Building
-
Year Built:1884
-
New Construction:false
-
Construction Materials:Other
-
Architectural Style:Colonial, Duplex, UpperLowerApartment
-
Levels:Three
-
Basement:true
-
Foundation Details:MichiganBasement
-
Patio And Porch Features:Porch
-
Above Grade Finished Area:2506.0
-
Below Grade Total Area:1178
Interior
-
Fireplace:false
Room Dimensions
-
Living Area:2506.0
-
Living Area Source:PublicRecords
Location
-
Directions:North On Huron, West On Cross. South On Ballard. West Into The Parking Lot On The Corner Of Washtenaw And Ballard
-
Cross Street:Washtenaw and Ballard
The Property
-
Parcel Number:111140416015
-
Property Type:ResidentialIncome
-
Property Subtype:MultiFamily
-
Lot Size Dimensions:60.00 x 185.00
-
Lot Size Units:Acres
-
Zoning Description:Multi-Family
-
Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (734) 237-6901
- Office phone:
- (734) 237-6901
Taxes
-
Tax Legal Description:*OLD SID - 11 11-625-018-00 YP CITY 52W-23 LOT 18 STUCKS ADDITION. LOC:501 WASHTENAW
-
Tax Assessed Value:162800
-
Tax Annual Amount:13082.0
Baths
-
Total Baths:4
-
Full Baths:4
Heating & Cooling
-
Heating:HotWater, NaturalGas
-
Heating:true
-
Cooling:false
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Schools
-
High School District:Ypsilanti
The Community
-
Subdivision Name:STUCKS ADD
-
Senior Community:false
-
Pool Features:None
-
Waterfront:false
-
Pets Allowed:CatsOK, DogsOK, Yes
Parking
-
Garage:true
-
Garage Spaces:1.0
-
Attached Garage:false
-
Parking Total:8.0
-
Parking Features:OneCarGarage
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
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.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/5/25
Feb 5, 2025
|
Listed / Active | REALCOMP | $400,000 | |
|
2/4/25
Feb 4, 2025
|
Delisted / Withdrawn | REALCOMP | $400,000 | 14.3% (7.9% / YR) |
|
4/14/23
Apr 14, 2023
|
REALCOMP | $350,000 |
