Ypsilanti Multifamily Investment
For Sale
$1,250,000
506 N Miami Avenue, Ypsilanti, MI 48198
MULTI_FAMILY - Ypsilanti, MI
Property SizeContact for details
Lot Size0.72 Acres
Days on Market77
Property Features for 506 N Miami Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
14
Full bathrooms
12
Rooms
Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 10, Bedroom 10, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 11, Bedroom 12, Bedroom 4, Bedroom 13, Bathroom 12, Bedroom 5, Bedroom 8, Bathroom 7, Bedroom 9, Bathroom 6, Bathroom 9, Bedroom 14, Bathroom 2, Bathroom 5, Bedroom 3, Bathroom 8, Bathroom 4, Bathroom 11
Parking
25
Basement
Crawl Space
Elementary school district
Willow Run
Middle school district
Willow Run
High school district
Willow Run
Directions
This 13-unit apartment building presents a rare value-add investment opportunity in Ypsilanti Township. The property offers a strong mix of rental units with immediate income potential and additional upside through operational improvements and future rent growth. Also available is an attached tenant-occupied 3-bedroom single-family home featuring a desirable 3-car garage.
Standard status
Active
APN
K-11-03-483-002
Lot size
0.72 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
YP#99-120A LOTS 120 - 123 INCL. ALSO THAT PART OF LOTS 126 & 127 DESC AS:BEG ATNW COR LOT 127, TH S 88-3 E 69.29 FT, TH S 2-24 W 75 FT, TH N 88-3 W 25 FT, TH S 2-24 W 25 FT, TH N 88-3 W 43.34 FT, TH N 1-51-20 E 100 FT TO POB TOWNSENDS SUBDIVISION
Tax Annual Amount
13314
Legal Description
YP#99-120A LOTS 120 - 123 INCL. ALSO THAT PART OF LOTS 126 & 127 DESC AS:BEG ATNW COR LOT 127, TH S 88-3 E 69.29 FT, TH S 2-24 W 75 FT, TH N 88-3 W 25 FT, TH S 2-24 W 25 FT, TH N 88-3 W 43.34 FT, TH N 1-51-20 E 100 FT TO POB TOWNSENDS SUBDIVISION
Utilities
Utilities
Cable Available
Heating system
Radiant
Building Details
Year built
1964
Number of units
13
Building materials
Brick
Listing Agency:
Beal Properties LLC
(734) 662-6133
Listed By:
Michael Slater
(734) 883-1282
Added: May 26
Changed: Jul 25
Last Checked: Aug 10 at 10:06AM
MLS# 26024664
Copyright © 2026 Michigan Regional Information Center, LLC. 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.
A multifamily property is available for purchase in Ypsilanti, Michigan. The property is situated on a 0.72-acre lot. It is located in Washtenaw County, with the postal code 48198. The property is classified under multiple types, including apartment buildings and residential income properties.
Key Highlights
- Brick construction
- Radiant heating
- Year built: 1964
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 48198, MI
40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property for sale in Ypsilanti, Michigan.
Where is this apartment building located?
The property is located at 506 N Miami Avenue Ypsilanti, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Brick construction; Radiant heating; Year built: 1964
