***Turn-Key Investment Property On Eastern Michigan University’s Campus!
This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms—making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit.
The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the upper unit is already income-producing.
For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location—walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals, as well as easy access to I-94, US-23, and M-14 for effortless commuting.
The cherry on the cake: it’s surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential.
Open House Saturday. Showings begin Sunday.
For sale
Price cut: $10K (6/13)
$390,000
501 Washtenaw Rd, Ypsilanti, MI 48197
7beds
2,506sqft
Est.:
Duplex
Built in 1884
-- sqft lot
$-- Zestimate®
$156/sqft
$-- HOA
What's special
Electric circuit panelsUpdated mechanicalsLarge wraparound front porchAmple parking spacesNewer boilerGenerous lotNewer shingles
- 74 days
- on Zillow |
- 1,206 |
- 74 |
Zillow last checked: 7 hours ago
Listing updated: 11 hours ago
Listed by:
Darryn Brundage-Forrest 734-237-6901,
@properties Christies Intl RE Ann Arbor 734-237-6901
Source: Realcomp II,MLS#: 20250007590

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Hot Water, Natural Gas
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total interior livable area: 2,506 sqft
- Finished area above ground: 2,506
Property
Parking
- Total spaces: 8
Features
- Levels: Three
- Stories: 3
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 0.25 Acres
- Dimensions: 60.00 x 185.00
Details
- Parcel number: 111140416015
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial,Duplex,Upper Lower Apartment
- Property subtype: Duplex
Materials
- Other
- Foundation: Michigan Basement
Condition
- New construction: No
- Year built: 1884
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: STUCKS ADD
Location
- Region: Ypsilanti
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $162,800
- Annual tax amount: $13,082
- Date on market: 2/6/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Quit Claims Deed,Warranty Deed
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