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Updated Duplex with Garage
For Sale
$399,900

108 N Wallace Blvd, Ypsilanti, MI 48197

Two leased residences feature separate entrances, shared laundry, private outdoor space, and access to a two-car garage.

Property Size3,318 SF
Price / SF$120.52
Days on Market75

Property Features for 108 N Wallace Blvd

General Information

Standard status Active
Size 3,318 SF
Total Parking Spaces 2
Property subtype Multi-Family
Occupancy 100%

Additional Details

Gross Income $45,660
Multifamily Units 2

Amenities

fireplace
private entrances
shared laundry
yard

Building Details

Year Built 1936
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: Real Estate One Inc
Listed By: Aleksandr Milshteyn · License #6506037173
Source: Metrodetroithomeguide
Added: Aug 3 Changed: Oct 1 Last Checked: Oct 14 at 11:10PM

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 Real Estate One Inc

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Investment Insights

Based on property information with market context.

Built in 1936, this duplex includes two separate residences with private front and rear entrances. The main-level unit offers a formal dining room, living room with bay window and wood-burning fireplace, updated kitchen, two bedrooms, and a full bathroom. The upper unit has a combined living and dining area, kitchen, two bedrooms, flexible room arrangements, and a full bathroom. A full unfinished basement provides shared full-size laundry and storage, while the property also includes a large yard and a two-car garage reached from the alley.

Recent improvements include a 30-year roof, porch, HVAC system, windows, drainage work, and a tankless water heater. Both units are leased through summer 2027, with residents responsible for utilities. The property is located at 108 N Wallace Blvd in Ypsilanti’s Normal Park neighborhood, near schools, parks, and the EMU campus. Walk Score is 88, Bike Score is 87, and Transit Score is 56.

Key Highlights

  • Two‑unit duplex built in 1936
  • Both residences leased through summer 2027
  • Recent roof, porch, HVAC, window, drainage, and tankless water heater improvements

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Kitchen & Bath Showroom Furniture & Home Goods Plumbing Service (Bike/Boat/Book/etc) Store

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

436
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two leased residences feature separate entrances, shared laundry, private outdoor space, and access to a two-car garage.
Where is this duplex located?
The property is located at 108 N Wallace Blvd Ypsilanti, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1936; Both residences leased through summer 2027; Recent roof, porch, HVAC, window, drainage, and tankless water heater improvements
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