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Triplex With Three-Bedroom Unit
For Sale
$175,000

360 1st Avenue, Ypsilanti, MI 48197

Multifamily, Ypsilanti, MI

Property Size2,874 SF
Lot Size0.45 Acres
Price / SF$60.89
Days on Market40

Property Features for 360 1st Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bathroom 2, Basement, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 7, Bathroom 1, Bedroom 3
Pets allowed Call
Subdivision Bartholomews Add
Elementary school district Ypsilanti
Middle school district Ypsilanti
High school district Ypsilanti
Directions SB on Michigan Avenue to 1st Avenue. Home is located on the right side of the street.
Standard status Active
APN 111139160033
Size 2,874 SF
Lot size 0.45 Acres

Taxes and HOA fees

Tax Description *OLD SID - 11 11-120-122-00 YP CITY 14W-39 N 13 FT OF LOT 121 AND ALL OF LOT 122, AND S 21 FT OF LOT 125 BARTHOLOMEW'S ADDITION
Tax Annual Amount 4869
Legal Description *OLD SID - 11 11-120-122-00 YP CITY 14W-39 N 13 FT OF LOT 121 AND ALL OF LOT 122, AND S 21 FT OF LOT 125 BARTHOLOMEW'S ADDITION

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1889
Number of units 3
Architectural style Colonial
Listing Agency: EXP Realty Main
Listed By: Lashawn Peterson
Added: Jul 20 Changed: Aug 26 Last Checked: Aug 28 at 7:06PM
MLS# 20261056236

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This Colonial-style triplex contains 2,874 square feet and is arranged as one three-bedroom unit and two two-bedroom units. The property includes three full bathrooms, a basement, forced-air heating, and public water service. Built in 1889, the residence sits on 0.45 acres and is zoned Residential.

The property is located in Ypsilanti near Eastern Michigan University, shopping, dining, and major expressways. It requires a full renovation, offering an existing three-unit layout for an investor prepared to undertake substantial improvements. The bedroom and bathroom configuration provides a clear starting point for repositioning the property while retaining its multifamily structure.

Key Highlights

  • Three‑unit property with one three‑bedroom unit and two two‑bedroom units
  • 2,874 square feet on a 0.45‑acre lot
  • Three full bathrooms and a basement

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office HVAC Service Pharmacy Kitchen & Bath Showroom Furniture & Home Goods Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

561
Businesses Nearby

Demographics for 48197, MI

67,895
Population
28,649
Households
2.4
Avg Household Size
33
Median Age
47%
College-Educated
94%
High-School Grad
41.2 sq mi
ZIP Area
1,648
Density / Sq Mi
$70,913
Median Household Income
$39,314
Median Earnings
$1,203
Median Rent
$274,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Colonial multifamily property with forced-air heating and public water service.
Where is this triplex located?
The property is located at 360 1st Avenue Ypsilanti, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Three‑unit property with one three‑bedroom unit and two two‑bedroom units; 2,874 square feet on a 0.45‑acre lot; Three full bathrooms and a basement
More about this property
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