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Four-Unit Apartment Property
For Sale
$416,000

515 N Congress Street, Ypsilanti, MI 48197

Multi Family, Ypsilanti, MI

Property SizeContact for details
Lot Size0.15 Acres
Days on Market52

Property Features for 515 N Congress Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Basement, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Parking 4
Parking features Driveway
Elementary school district Ypsilanti
Middle school district Ypsilanti
High school district Ypsilanti
Standard status Active
APN 11-11-40-463-002
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description *OLD SID - 11 11-060-060-00 YP CITY 10W-58 LOT 60 ASSESSOR'S PLAT NUMBER 10. 515 CONGRESS
Tax Annual Amount 9075
Legal Description *OLD SID - 11 11-060-060-00 YP CITY 10W-58 LOT 60 ASSESSOR'S PLAT NUMBER 10. 515 CONGRESS

Utilities

Heating system Forced Air

Building Details

Year built 1843
Number of units 4
Building materials Vinyl Siding
Listing Agency: Beal Properties LLC
Listed By: Andre Kingston
Added: Jul 8 Changed: Aug 26 Last Checked: Aug 28 at 2:06AM
MLS# 26034680

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 four-unit residential property occupies a 0.15-acre parcel and was built in 1843. The building has vinyl siding, forced-air heating, and driveway parking. Its layout includes four bathrooms, three bedrooms, and a basement, with the original house configured for apartment use.

The property is located in Ypsilanti near the university and downtown. City transit, business services, and food establishments are also nearby, providing access to everyday amenities and transportation options. The property is offered for sale as a multifamily asset.

Key Highlights

  • Four residential units on a 0.15‑acre parcel
  • Built in 1843 with vinyl siding
  • Forced‑air heating system

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Pharmacy HVAC Service Skin Care Clinic (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

4
Residential units

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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Converted residential building with forced-air heating and driveway parking near university and downtown services.
Where is this quadplex located?
The property is located at 515 N Congress Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $416,000.
What are key features of this property?
This property features: Four residential units on a 0.15‑acre parcel; Built in 1843 with vinyl siding; Forced‑air heating system
More about this property
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