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Three-Unit Colonial Triplex
For Sale
$175,000

360 1st Avenue, Ypsilanti, MI 48197

Multifamily, Ypsilanti, MI

Property Size2,874 SF
Lot Size0.45 Acres
Price / SF$60.89
Days on Market97

Property Features for 360 1st Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 7
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 3, Basement, Bedroom 2
Pets allowed Call
Subdivision Bartholomews Add
Elementary school district Ypsilanti
Middle school district Ypsilanti
High school district Ypsilanti
Directions SB on Michigan Avenue to 1st Avenue. Home is located on the right side of the street.
Standard status Active
APN 111139160033
Size 2,874 SF
Lot size 0.45 Acres

Taxes and HOA fees

Tax Description *OLD SID - 11 11-120-122-00 YP CITY 14W-39 N 13 FT OF LOT 121 AND ALL OF LOT 122, AND S 21 FT OF LOT 125 BARTHOLOMEW'S ADDITION
Tax Annual Amount 4869
Legal Description *OLD SID - 11 11-120-122-00 YP CITY 14W-39 N 13 FT OF LOT 121 AND ALL OF LOT 122, AND S 21 FT OF LOT 125 BARTHOLOMEW'S ADDITION

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1889
Number of units 3
Architectural style Colonial
Listing Agency: EXP Realty Main
Listed By: Lashawn Peterson
Added: Jul 20 Changed: Oct 17 Last Checked: Oct 24 at 5:06PM
MLS# 20261056236

Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This Colonial-style triplex, built in 1889, contains 2,874 square feet arranged as three residential units: one three-bedroom unit and two two-bedroom units. The property includes three full bathrooms, a basement, forced-air heating, and public water service. Full renovation is required.

The 0.45-acre property is located at 360 1st Avenue in Ypsilanti, near Eastern Michigan University, shopping, dining, and major expressways. Residential zoning supports its existing multifamily configuration.

Key Highlights

  • Three residential units: one 3‑bedroom and two 2‑bedroom units
  • 2,874 square feet on a 0.45‑acre lot
  • Three full bathrooms and a basement

Property Analytics

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Lease Details

3
Residential units
Yes
Highway access

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Three-unit residential property with forced-air heat and a full renovation requirement.
Where is this triplex located?
The property is located at 360 1st Avenue Ypsilanti, MI.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Three residential units: one 3‑bedroom and two 2‑bedroom units; 2,874 square feet on a 0.45‑acre lot; Three full bathrooms and a basement
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