Ypsilanti Multifamily Investment Opportunity

115 College Pl, Ypsilanti, MI 48197

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For Sale

$450,000

Four-unit multifamily property near Eastern Michigan University and downtown Ypsilanti.

Type:Investment

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.
Value‑add potential: Updated units with room for future improvements, plus a full basement and walk‑up attic offer expansion possibilities.
Desirable amenities: Secured front entry, shared on‑site laundry, and private parking.
Additional storage/revenue: Detached garage provides extra storage or potential for additional revenue.

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Listing Contact

Joshua A Dillon

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For Sale

$450,000

Four-unit multifamily property near Eastern Michigan University and downtown Ypsilanti.

Type:Investment

Added:: Apr 9, 2026
Days on Market:: 64
Last Refresh:: Apr 9 at 7:16 am

Property Features for 115 College Pl

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1914

We can help!

Listing Contact

Joshua A Dillon

Listing agent Joshua A Dillon License #6502417067

Listing office J Dillon Realty

Listing date Apr 9, 2026

Source Elliman

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

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.
Value‑add potential: Updated units with room for future improvements, plus a full basement and walk‑up attic offer expansion possibilities.
Desirable amenities: Secured front entry, shared on‑site laundry, and private parking.
Additional storage/revenue: Detached garage provides extra storage or potential for additional revenue.

Overview

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.

Location Intelligence

Current Use by Public Records

Quadplexes

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Location Insight

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Local Demand

City: Ypsilanti
County: Washtenaw
State: Michigan
Longitude: -83.62216
Latitude: 42.2427871

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For sale
Quadplexes
MI
Ypsilanti
48197
115 College Pl

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 $450,000.

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.