Two-Unit Duplex with New
For Sale
$249,900
810 Young Street, Ypsilanti, MI 48198
MULTI_FAMILY - Ypsilanti, MI
Property Size1,600 SF
Lot Size0.23 Acres
Price / SF$156.19
Days on Market36
Property Features for 810 Young Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R-1
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking
4
Subdivision
Youngs
Elementary school district
Ypsilanti
Middle school district
Ypsilanti
High school district
Ypsilanti
Directions
E. Michigan Ave to Miles turn right on Youngs
Standard status
Active
APN
11-11-10-260-001
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
*OLD SID - 11 11-880-018-00 YP CITY 34E-16 LOT 18 & VAC ST ADJ TO E LINE OF LOT 18 YOUNGS' SUBDIVISION. 810-812 YOUNGS
Tax Annual Amount
8968
Legal Description
*OLD SID - 11 11-880-018-00 YP CITY 34E-16 LOT 18 & VAC ST ADJ TO E LINE OF LOT 18 YOUNGS' SUBDIVISION. 810-812 YOUNGS
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1965
Number of units
2
Roof type
Composition
Listing Agency:
Beal Properties LLC
(734) 662-6133
Listed By:
Michael Slater
(734) 883-1282
Added: Jul 6
Changed: Jul 25
Last Checked: Aug 10 at 9:06AM
MLS# 26034057
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.
This duplex was built in 1965 and is configured as two separate 2-bedroom, 1-bath units. Each unit is approximately 800 square feet. The property has a newer roof, and both units are currently occupied.
The home is located at 810 Young Street in Ypsilanti, Michigan. It is minutes from Eastern Michigan University and downtown Ypsilanti, with easy access to US-23 and I-94.
For buyers seeking residential income, this is a straightforward two-unit setup with existing tenants. The current occupancy and gross rents of $2,707 per month ($32,484 per year) provide immediate rental use. For owner-occupants interested in a house-hack style arrangement, the duplex layout can support living in one unit while renting the other, subject to lease terms and local regulations.
The home is located at 810 Young Street in Ypsilanti, Michigan. It is minutes from Eastern Michigan University and downtown Ypsilanti, with easy access to US-23 and I-94.
For buyers seeking residential income, this is a straightforward two-unit setup with existing tenants. The current occupancy and gross rents of $2,707 per month ($32,484 per year) provide immediate rental use. For owner-occupants interested in a house-hack style arrangement, the duplex layout can support living in one unit while renting the other, subject to lease terms and local regulations.
Key Highlights
- Duplex built in 1965 with two 2‑bedroom, 1‑bath units, each approx. 800 SF
- Both units are currently occupied and generating combined $2,707/month ($32,484/year) in gross rents
- 0.25‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,956
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.9K $18.71/SF
− OpEx
−$9.0K −$5.61/SF
NOI
$21.0K $13.10/SF
Area
Washtenaw County, MI
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$269.4K
$235.8K – $314.3K
NOI $18,860 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$470.1K
$411.4K – $548.5K
NOI $32,909 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
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?
Duplex - Two 2-bedroom units with newer roof, currently occupied, near EMU and major routes for steady rental income.
Where is this duplex located?
The property is located at 810 Young Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex built in 1965 with two 2‑bedroom, 1‑bath units, each approx. 800 SF; Both units are currently occupied and generating combined $2,707/month ($32,484/year) in gross rents; 0.25‑acre lot
