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Ypsilanti Triplex Near EMU
For Sale
$300,000
Pending

95 Oakwood St, Ypsilanti, MI 48197

Three-unit property near Eastern Michigan University with upgrades.

Property SizeContact for details
Days on Market91

Property Features for 95 Oakwood St

General Information

Standard status Pending
Property subtype Investment

Taxes and HOA fees

Annual Taxes $4,359

Building Details

Year Built 1895
Units 3
Listing Agency: Remerica United Realty
Listed By: Kelly Neaton
Source: Elliman
Added: May 14 Changed: Aug 8 Last Checked: Jul 23 at 5:58AM

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 Remerica United Realty

Investment Insights

Based on property information with market context.

This three-unit residential property presents an investment opportunity. The property is located close to Eastern Michigan University in a quiet neighborhood near a park. The building features new vinyl siding and a new front door. Unit 2 has been updated with replaced flooring and a new shower enclosure. A new sump pump with battery backup has been installed. The property includes a large backyard. The bike score is 66, indicating it is bikeable. The walk score is 91, designating it as a walker's paradise, and the transit score is 57, indicating good transit options. The property is being sold as is.

Key Highlights

  • Walker's Paradise: Enjoy a Walk Score of 91.
  • Close proximity to Eastern Michigan University.
  • Three units, previously rented consistently at over $1,000 each.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Furniture & Home Goods Carpet & Flooring Store Big Box & Wholesale Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

561
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property near Eastern Michigan University with upgrades.
Where is this triplex located?
The property is located at 95 Oakwood St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Walker's Paradise: Enjoy a Walk Score of 91.; Close proximity to Eastern Michigan University.; Three units, previously rented consistently at over $1,000 each.
More about this property
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