316 Washtenaw Ave Ypsilanti, MI 48197
Well-maintained side-by-side duplex with two units, hardwood and fireplaces, plus off-street parking behind the home.
Property Features for 316 Washtenaw Ave
General Information
- Standard status
- Active
- Size
- 3,112 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1865
Listing office eXp Realty (888) 501-7085
Listing date Jun 16, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The duplex is located at 316 Washtenaw Ave, with nearby access to parks, shopping, dining, campus amenities, and I-94. Off-street parking is available with 6 spaces behind the home, along with additional street parking.
For buyers or owner-occupants, the two-unit configuration supports flexible use, including living in one unit while renting the other. The current tenant is expected to vacate in August, and showings are planned beginning Saturday, June 13 after 1:00 PM on the vacant Unit #316, with the occupied unit shown upon accepted offer. Updated components and two separate unit layouts can simplify day-to-day ownership while providing income-producing residential housing.
Key Highlights
- 1865‑built side‑by‑side duplex with approx. 3,112 SF and 7 bedrooms total across two units
- Unit mix: 3BR/1BA and 4BR/1BA (one side 3 bedrooms/1 bath, the other 4 bedrooms/1 bath)
- Historic interior features include hardwood floors, classic moldings, and fireplaces
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.2k | $22.56 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $66.7k | $21.43 |
| − OpEx | −$30.0k | −$9.64 |
| NOI | $36.7k | $11.79 |
