Two-Unit Duplex with Newer
For Sale
$229,000
810 812 Young Street, Ypsilanti, MI 48198
Both apartments are occupied and have two-bedroom layouts, with a newer roof serving the property.
Property Size1,600 SF
Lot Size0.25 Acres
Price / SF$143.13
Days on Market116
Property Features for 810 812 Young Street
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.25 Acres
Property subtype
2 to 4 Units
Occupancy
100%
Financials
Gross Income
$32,484
Average Monthly Rent
$1,353
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,968
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Beal Properties LLC
Listed By:
Michael Slater
(734) 883-1282
Source:
Charlesbyreinhart
Added: Jul 6
Changed: Oct 26
Last Checked: Oct 26 at 2:53PM
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 Beal Properties LLC
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Investment Insights
Based on property information with market context.
Built in 1965, this duplex contains two 800-square-foot apartments, each configured with two bedrooms and one bathroom. The building has a newer roof, and both units are occupied. The property sits on a .25-acre lot in Ypsilanti.
Eastern Michigan University and downtown Ypsilanti are nearby, with access to US-23 and I-94.
Eastern Michigan University and downtown Ypsilanti are nearby, with access to US-23 and I-94.
Key Highlights
- Two 800 sq ft units, each with 2 bedrooms and 1 bathroom
- .25‑acre lot in Ypsilanti
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,956
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
$419.1K
Cap Rate 7%
$299,371
$299.4K
Cap Rate 9%
$232,844
$232.8K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.9K $18.71/SF
− OpEx
−$9.0K −$5.61/SF
NOI
$21.0K $13.10/SF
Area
Washtenaw County, MI
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,120
Cap Rate 7%
$299,371
Cap Rate 9%
$232,844
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,956 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$269.4K
$235.8K – $314.3K
NOI $18,860 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$470.1K
$411.4K – $548.5K
NOI $32,909 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 48198, MI
40,067
Population
17,379
Households
2.3
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
1,200
Density / Sq Mi
$63,678
Median Household Income
$36,671
Median Earnings
$1,197
Median Rent
$178,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied and have two-bedroom layouts, with a newer roof serving the property.
Where is this duplex located?
The property is located at 810 812 Young Street Ypsilanti, MI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two 800 sq ft units, each with 2 bedrooms and 1 bathroom; .25‑acre lot in Ypsilanti; Built in 1965
