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Ypsilanti Multifamily Investment Opportunity

115 College Place, Ypsilanti, MI 48197

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For Sale

$425,000

MULTI_FAMILY - Colonial - Ypsilanti, MI

Property size:

3,076 SF

Lot size:

0.14 Acres

Price / SF:

$138/SF

HighLights

Immediate rental income from 4 currently leased units near Eastern Michigan University
Significant capital improvements including a new boiler, vinyl siding, and Trex decking
Private parking, secured front entry, and on‑site laundry provide desirable tenant amenities
Full basement prepped for finishing and a spacious walk‑up attic offer significant potential
Located minutes from EMU and Downtown Ypsilanti's cultural and dining scene, with easy access to expressways
Detached garage provides extra storage or potential for additional revenue

We can help!

Listing Contact

Joshua A Dillon

For Sale

$425,000

MULTI_FAMILY - Colonial - Ypsilanti, MI

Property size:

3,076 SF

Lot size:

0.14 Acres

Price / SF:

$138/SF

Added:: Apr 8, 2026
Days on Market:: 65
Last Refresh:: Jun 11 at 6:06 pm

Property Features for 115 College Place

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: Multi-Family
Bedrooms: 4
Bathrooms: 4
Rooms: Bedroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
Parking: 6
Pets allowed: Yes
Interior features: Smoke Alarm, Carbon Monoxide Alarm(s), Circuit Breakers, Entrance Foyer, Laundry Facility, Programmable Thermostat
Exterior features: Lighting, Private Entry, Fenced
Fencing: Fenced
Standard status: Active
APN: 111140430018
Size: 3,076 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Description: *OLD SID - 11 11-170-010-00 YP CITY 20W-12 LOT 10 COLLEGE PLACE ADDITION.
Tax Annual Amount: 7882

Utilities

Heating system: Radiant
Cooling system: Ceiling Fan(s)
Water source: Public

Building Details

Year built: 1914
Floors in Building: 2
Number of units: 4
Building materials: Vinyl
Roof type: Asphalt
Architectural style: Colonial

We can help!

Listing Contact

Joshua A Dillon

Listing agent Joshua A Dillon License #6502417067

Listing office J Dillon Realty 1175 Starkweather Street, Whitmore Lake, MI

Listing date Apr 8, 2026

MLS# 20261020203 Listing URL

HighLights

Immediate rental income from 4 currently leased units near Eastern Michigan University
Significant capital improvements including a new boiler, vinyl siding, and Trex decking
Private parking, secured front entry, and on‑site laundry provide desirable tenant amenities
Full basement prepped for finishing and a spacious walk‑up attic offer significant potential
Located minutes from EMU and Downtown Ypsilanti's cultural and dining scene, with easy access to expressways
Detached garage provides extra storage or potential for additional revenue

Overview

This well-maintained, updated 4-unit multifamily residence is located in Ypsilanti, minutes from Eastern Michigan University and downtown. The property is fully leased, generating immediate rental income. It features a new boiler system, vinyl siding, and Trex composite decking. Many units have been updated with fresh finishes. Tenants have access to a 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 further development potential. A detached garage provides extra storage. Situated on a quiet, residential street near EMU, Depot Town, and expressways, the property is in a high-demand rental area. The property size is 3076 square feet and the lot size is 0.14 acres. The property is located in Washtenaw County.

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Ypsilanti
County: Washtenaw
State: Michigan
Longitude: -83.622156
Latitude: 42.242788

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For sale
Quadplexes
MI
Ypsilanti
48197
115 College Place

What type of property is this?

Quadplex - Four-unit multifamily property near Eastern Michigan University.

Where is this quadplex located?

The property is located at 115 College Place Ypsilanti, MI.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Immediate rental income from 4 currently leased units near Eastern Michigan University; Significant capital improvements including a new boiler, vinyl siding, and Trex decking; Private parking, secured front entry, and on‑site laundry provide desirable tenant amenities

115 College Place, Ypsilanti, MI 48197

MULTI_FAMILY - Colonial - Ypsilanti, MI

Property Features for 115 College Place

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Ypsilanti Multifamily Farmhouse with Outbuildings

Turnkey Restaurant Franchise Opportunity

Small Retail Property Opportunity

Former Restaurant and Event Hall

Renovated Industrial Flex Space

Zoned B3 Development Site

High-Visibility Corner Commercial Property

Ypsilanti Income Property Opportunity

Well-Maintained Ypsilanti Multi-Family Property

Ypsilanti Multifamily Investment Opportunity

Ypsilanti Commercial Real Estate For Sale

Ypsilanti Duplex in Prime Location

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