4-Unit Quadplex with
For Sale
$349,000
106 N Summit St, Ypsilanti, MI 48197
Income-producing multifamily property near campus with dedicated off-street parking and a detached storage garage.
Property SizeContact for details
Days on Market8
Property Features for 106 N Summit St
General Information
Standard status
Active
Property subtype
Investment
Units
Unit Mix
3 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,238
Building Details
Year Built
1869
Units
4
Listing Agency:
The Charles Reinhart Company
(734) 645-3110
Listed By:
Ayad Ridha · License #6506044647
(734) 645-3110
Source:
Elliman
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 20 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Charles Reinhart Company
Investment Insights
Based on property information with market context.
This 4-unit quadplex, built in 1869, offers a mix of three one-bedroom, one-bath residences and one two-bedroom, one-bath residence. The garage is currently used for storage, and the property includes off-street parking. All four units have existing lease terms extending into 2027, with expiration dates ranging from 7/20/27 through 8/14/27.
Located near campus, the property scores 91 for walking, 66 for biking, and 57 for transit. The address is 106 N Summit St in Ypsilanti, Michigan, providing access to a walkable setting with multiple transportation options.
Located near campus, the property scores 91 for walking, 66 for biking, and 57 for transit. The address is 106 N Summit St in Ypsilanti, Michigan, providing access to a walkable setting with multiple transportation options.
Key Highlights
- Four residential units: three 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- All units have leases extending into 2027; expiration dates range from 7/20/27 to 8/14/27
- Garage currently used for storage
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing multifamily property near campus with dedicated off-street parking and a detached storage garage.
Where is this quadplex located?
The property is located at 106 N Summit St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Four residential units: three 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; All units have leases extending into 2027; expiration dates range from 7/20/27 to 8/14/27; Garage currently used for storage
