9-Bedroom Apartment
For Sale
$395,000
718 Lowell St, Ypsilanti, MI 48197
Rooming house with updated bathrooms, carpeting, and coin-operated laundry near campus.
Property SizeContact for details
Days on Market12
Property Features for 718 Lowell St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Gross Income
$56,760
Taxes and HOA fees
Annual Taxes
$6,658
Amenities
coin laundry
Building Details
Year Built
1914
Units
9
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 23 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 9-bedroom apartment building, constructed in 1914, is configured as a rooming house with two bathrooms and coin-operated laundry. Recent improvements include replacement siding in 2022, a new roof in 2020, and updated bathrooms and carpeting completed in 2024. Each room is leased separately, with current lease expirations extending from 9/14/26 through 8/31/27. Utilities are included in the individual room arrangements as stated in the property information.
The property is located across from campus and offers strong walkability, with a Walk Score of 91. A Bike Score of 66 and Transit Score of 57 add additional transportation options for occupants. The nine-room configuration and on-site laundry provide a clear operating format for this residential income property.
The property is located across from campus and offers strong walkability, with a Walk Score of 91. A Bike Score of 66 and Transit Score of 57 add additional transportation options for occupants. The nine-room configuration and on-site laundry provide a clear operating format for this residential income property.
Key Highlights
- 9‑bedroom rooming house with 2 bathrooms
- Leases extend from 9/14/26 through 8/31/27
- Roof replaced in 2020
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Rooming house with updated bathrooms, carpeting, and coin-operated laundry near campus.
Where is this apartment building located?
The property is located at 718 Lowell St Ypsilanti, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 9‑bedroom rooming house with 2 bathrooms; Leases extend from 9/14/26 through 8/31/27; Roof replaced in 2020
