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Two Adjacent Apartment Buildings
For Sale
$1,050,000

211 Ferris Street, Ypsilanti, MI 48197

MULTI_FAMILY - Ypsilanti, MI

Property SizeContact for details
Lot Size0.09 Acres
Days on Market193

Property Features for 211 Ferris Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 1
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Basement
Parking 11
Parking features Driveway
Basement Full
Elementary school district Ypsilanti
Middle school district Ypsilanti
High school district Ypsilanti
Standard status Active
APN 11-11-39-180-002
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description OLD SID 11 11-030-064-00 YPC 2W-87 N 5 RDS OF E 1/2 OF LOT 64 AND N 5 RDS OF W 1 RD LOT 63ORIGINAL PLAT
Tax Annual Amount 4767
Legal Description OLD SID 11 11-030-064-00 YPC 2W-87 N 5 RDS OF E 1/2 OF LOT 64 AND N 5 RDS OF W 1 RD LOT 63ORIGINAL PLAT

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1925
Number of units 3
Building materials Shingle Siding
Listing Agency: C. Hedger Breed
Listed By: C. Breed · License #6504193788
Added: Feb 22 Changed: Jul 25 Last Checked: Sep 3 at 12:06AM
MLS# 26006445

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering includes two adjacent apartment buildings that share parking. Combined, the properties provide a total of ten rental units.

Both properties are located within a Federal Historic District and are described as being within walking distance to downtown amenities.

For additional information, contact C. Hedger Breed, Broker.

Key Highlights

  • Two adjacent rental properties share parking and total 10 rental units
  • Federal Historic District property with downtown amenities within walking distance
  • Heating: forced air; cooling: central air

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.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

1,251
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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent apartment buildings share parking and together offer ten rental units in a Federal Historic District.
Where is this apartment building located?
The property is located at 211 Ferris Street 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: Two adjacent rental properties share parking and total 10 rental units; Federal Historic District property with downtown amenities within walking distance; Heating: forced air; cooling: central air
More about this property
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