Updated Quadplex with Coin
For Sale
$329,000
17 N Summit St, Ypsilanti, MI 48197
Four leased units offer a mix of studio and one-bedroom layouts with on-site laundry and garage space.
Property SizeContact for details
Days on Market8
Property Features for 17 N Summit St
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
2 x studio, 2 x 1BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$42,300
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,124
Amenities
laundry
garage
Building Details
Year Built
1860
Units
4
Tenancy
Multi
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 19
Last Checked: Aug 20 at 9:15AM
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 income property includes two studio apartments and two one-bedroom layouts. The property also provides garage space and coin-operated laundry, with the laundry equipment replaced in 2023. Unit interiors were updated in 2023, and all four apartments are currently leased with expirations extending from 7/27/27 through 8/8/27.
Located at 17 N Summit St in Ypsilanti, the property has a Walk Score of 91, a Bike Score of 66, and a Transit Score of 57. Built in 1860, the building combines an established structure with recent unit and laundry improvements.
Located at 17 N Summit St in Ypsilanti, the property has a Walk Score of 91, a Bike Score of 66, and a Transit Score of 57. Built in 1860, the building combines an established structure with recent unit and laundry improvements.
Key Highlights
- Four‑unit quadplex with two studios and two one‑bedroom apartments
- All four units leased through expiration dates ranging from 7/27/27 to 8/8/27
- Unit interiors updated in 2023
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,152
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 - Four leased units offer a mix of studio and one-bedroom layouts with on-site laundry and garage space.
Where is this quadplex located?
The property is located at 17 N Summit St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Four‑unit quadplex with two studios and two one‑bedroom apartments; All four units leased through expiration dates ranging from 7/27/27 to 8/8/27; Unit interiors updated in 2023
