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    115 College Pl Ypsilanti, MI 48197

    Under Contract
    For Sale
    $450,000

    Colonial - Ypsilanti, MI

    Property size:
    3,076 SF
    Days on Market:
    13
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 115 College Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Multi-Family
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    6
    APN
    111140430018
    Parking
    1
    Interior features
    Smoke Alarm, Carbon Monoxide Alarm(s), Entrance Foyer, Laundry Facility, Programmable Thermostat
    Exterior features
    Lighting, Private Entry, Fenced
    Fencing
    Fenced
    Basement Y/N
    1
    Size
    3,076 SF

    Utilities

    Heating system
    Natural Gas, Radiant
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1914
    Floors in Building
    2
    Architectural style
    Colonial

    J Dillon Realty (734) 777-4448 [email protected]

    Listing agent Joshua A Dillon (734) 777-4448

    Listing date Dec 1, 2025

    MLS# 20250034364 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Multifamily Near EMU

    Located in Ypsilanti, this updated 4-unit multifamily residence is situated near Eastern Michigan University and the downtown area. The property is fully leased, providing immediate rental income. Capital improvements include a new boiler system, vinyl siding, and Trex composite decking. Many units feature updated finishes. The building includes a secured front entry, shared on-site laundry, and private parking. A full basement with glass block windows is prepped for finishing, offering potential for additional storage or a shared lounge space. A walk-up attic provides further room for development. A detached garage offers extra storage. The property is located on a residential street near EMU, Depot Town, and expressways. The property size is 3076 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.62216
    Latitude
    42.2427871

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property near Eastern Michigan University with immediate rental income.
    Where is this quadplex located?
    The property is located at 115 College Pl Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Immediate rental income from 4 currently leased units.; - Prime location near Eastern Michigan University and Downtown Ypsilanti.; - Significant capital improvements: new boiler, vinyl siding, Trex decking.
    (734) 777-4448
    Request Owner's contact information
    115 College Pl Ypsilanti, MI 48197
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    Ypsilanti, MI 48197
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 College Pl Ypsilanti, MI 48197
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