Quadplex with
For Sale
$495,000
124 N Summit St, Ypsilanti, MI 48197
Residential income property near campus featuring coin-operated laundry and dedicated garage space.
Property SizeContact for details
Days on Market8
Property Features for 124 N Summit St
General Information
Standard status
Active
Property subtype
Investment
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 2 x 3BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$62,700
Taxes and HOA fees
Annual Taxes
$8,821
Amenities
garage
coin operated laundry
Building Details
Year Built
1890
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 20
Last Checked: Aug 20 at 9:44AM
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 four-unit residential property at 124 N Summit St includes a mix of one-, two-, and three-bedroom apartments, with one bathroom in each unit. The property also offers a garage and coin-operated laundry, providing additional on-site functionality for residents. Built in 1890, the building had its roof replaced in 2016.
The property is positioned near campus in Ypsilanti, with a Walk Score of 91, a Bike Score of 66, and a Transit Score of 57. All four apartments are leased, with current lease terms extending through 8/1/27, 8/10/27, 7/31/27, and 8/13/27, respectively. The garage is leased through 10/31/26.
The property is positioned near campus in Ypsilanti, with a Walk Score of 91, a Bike Score of 66, and a Transit Score of 57. All four apartments are leased, with current lease terms extending through 8/1/27, 8/10/27, 7/31/27, and 8/13/27, respectively. The garage is leased through 10/31/26.
Key Highlights
- Four‑unit property with one 1‑bedroom, one 2‑bedroom, and two 3‑bedroom apartments
- Garage and coin‑operated laundry on site
- All four apartments are leased through dates ranging from 7/31/27 to 8/13/27
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 - Residential income property near campus featuring coin-operated laundry and dedicated garage space.
Where is this quadplex located?
The property is located at 124 N Summit St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Four‑unit property with one 1‑bedroom, one 2‑bedroom, and two 3‑bedroom apartments; Garage and coin‑operated laundry on site; All four apartments are leased through dates ranging from 7/31/27 to 8/13/27
