7-Unit Apartment
For Sale
$549,000
615 Pearl St, Ypsilanti, MI 48197
Multi-unit residential property with a balanced one- and two-bedroom layout, updated major building components, and strong walkability.
Property SizeContact for details
Days on Market11
Property Features for 615 Pearl St
General Information
Standard status
Active
Property subtype
Investment
Units
Unit Mix
4 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
7
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,630
Building Details
Year Built
1880
Units
7
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 22
Last Checked: Aug 22 at 8:02AM
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 7-unit apartment property at 615 Pearl St includes four one-bedroom, one-bath units and three two-bedroom, one-bath units. The unit mix provides a combination of smaller and larger residential layouts within a single multifamily asset. Major improvements include a boiler replacement completed in 2024, along with roof and window replacements completed in 2022.
The property is in Ypsilanti, MI 48197, with a Walk Score of 91, a Bike Score of 66, and a Transit Score of 57. The building dates to 1880, and all seven units are leased through August 2027, with individual lease expiration dates ranging from 8/1/27 to 8/21/27.
The property is in Ypsilanti, MI 48197, with a Walk Score of 91, a Bike Score of 66, and a Transit Score of 57. The building dates to 1880, and all seven units are leased through August 2027, with individual lease expiration dates ranging from 8/1/27 to 8/21/27.
Key Highlights
- 7 units: four 1‑bedroom, 1‑bath units and three 2‑bedroom, 1‑bath units
- All units leased through August 2027, with lease expirations from 8/1/27 to 8/21/27
- Boiler replaced in 2024
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,150
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit residential property with a balanced one- and two-bedroom layout, updated major building components, and strong walkability.
Where is this apartment building located?
The property is located at 615 Pearl St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 7 units: four 1‑bedroom, 1‑bath units and three 2‑bedroom, 1‑bath units; All units leased through August 2027, with lease expirations from 8/1/27 to 8/21/27; Boiler replaced in 2024
