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Two Multifamily Properties with Parking
For Sale
$1,050,000

211 Ferris St, Ypsilanti, MI 48197

Two adjacent properties totaling ten rental units near downtown.

Property SizeContact for details
Days on Market104

Property Features for 211 Ferris St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1925
Listing Agency: C. Hedger Breed
Listed By: C. Breed · License #6504193788
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 5 at 8:46AM

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 C. Hedger Breed

Investment Insights

Based on property information with market context.

Two adjacent properties are available for sale, sharing a parking area. The combined properties include a total of ten rental units. Situated within a Federal Historic District, the location provides convenient walking access to downtown amenities. The area has a walk score of 91, indicating it is a Walker's Paradise. The bike score is 66, making it bikeable. Public transportation is readily available, with a transit score of 57, indicating good transit options.

Key Highlights

  • Walker's Paradise with a Walk Score of 91
  • Features ten rental units total
  • Two adjacent properties sharing parking

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Kitchen & Bath Showroom Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

1,233
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent properties totaling ten rental units near downtown.
Where is this apartment building located?
The property is located at 211 Ferris St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Walker's Paradise with a Walk Score of 91; Features ten rental units total; Two adjacent properties sharing parking
More about this property
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