Ypsilanti Multifamily Investment
For Sale
$415,000
115 College Pl, Ypsilanti, MI 48197
Four-unit multifamily property near Eastern Michigan University and downtown Ypsilanti.
Property SizeContact for details
Days on Market119
Property Features for 115 College Pl
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1914
Listing Agency:
J Dillon Realty
(734) 777-4448
Listed By:
Joshua A Dillon · License #6502417067
(734) 777-4448
Source:
Elliman
Added: Apr 9
Changed: Jul 10
Last Checked: Aug 5 at 11:14AM
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 J Dillon Realty
Investment Insights
Based on property information with market context.
This well-maintained and updated four-unit multifamily residence is located in a sought-after investment area of Ypsilanti, minutes from Eastern Michigan University and the growing cultural and dining scene of Downtown Ypsi. Three of the four units are currently leased, generating immediate rental income. The building features capital improvements including a new boiler system, durable vinyl siding, and Trex composite decking. Many units have been updated with fresh finishes. Tenants have access to a common secured front entry, shared on-site laundry, and private parking. The full basement features glass block windows and is prepped for finishing, suitable for additional storage, a shared lounge space, or future expansion. A spacious walk-up attic offers more room for future development. A detached garage provides extra storage. The property is located on a quiet, residential street blocks from EMU, Depot Town, and expressways, in a high-demand rental area with strong tenant retention. The property has a bike score of 66, a walk score of 91, and a transit score of 57.
Key Highlights
- Prime location: Minutes from Eastern Michigan University and Downtown Ypsilanti.
- Immediate income: Three of the four units are currently leased.
- Recent capital improvements: New boiler system, durable vinyl siding, and Trex composite decking.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,168
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property near Eastern Michigan University and downtown Ypsilanti.
Where is this quadplex located?
The property is located at 115 College Pl Ypsilanti, MI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Prime location: Minutes from Eastern Michigan University and Downtown Ypsilanti.; Immediate income: Three of the four units are currently leased.; Recent capital improvements: New boiler system, durable vinyl siding, and Trex composite decking.
