501 Washtenaw Road

Ypsilanti, Michigan 48197

  • 7 Bed(s)
  • 4 Bath(s)
  • 2,506 Sqft
$400,000

Description

***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.

  • Property Type

    Multifamily

  • Subdivision

    Stucks Add

  • County

    Washtenaw

  • Style

    Colonial,Duplex,Upper/Lower Apartment

  • AD ID

    49649423

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Property Details

  • Bathroom Information

    • Total Baths: 4
    • Full Baths: 4

    Room Information

    • Porches: Porch

    Heating & Cooling

    • Heating: Hot Water
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1884
    • Building Stories: 3 Story
    • Total Units: 2
    • Foundation/Basement: Michigan Basement
    • Architecture: Colonial,Duplex,Upper/Lower Apartment

    Exterior Features

    • Construction: Other

    Utility Features

    • Sewer: Public Sewer (Sewer-Sanitary)

    Water

    • Public (Municipal)

  • Lot Information

    • Dimensions: 60.00 x 185.00

    Property Information

    • SQ ft: 2506
    • Subdivision: STUCKS ADD
    • Financing: Cash,Quit Claims Deed,Warranty Deed

  • Listing Price Information

    • Original List Price: $400,000

    Listing Information

    • Possession: At Close
    • Legal Description: *OLD SID - 11 11-625-018-00 YP CITY 52W-23 LOT 18 STUCKS ADDITION. LOC:501 WASHTENAW

  • Tax Information

    • Annual Tax: $13,082
    • Parcel Number: 111140416015

    Possession

    • At Close

    Legal Information

    • Legal Description: Section: *OLD SID - 11 11-625-018-00 YP CITY 52W-23 LOT 18 STUCKS ADDITION. LOC:501 WASHTENAW

  • Parking Information

    • Parking: 8
    • Has Garage: Yes

    Multi-Unit Information

    • Presently Zoned: 1
    • Road Frontage: Paved

    Unit 3 Information

    • # of Bedrooms: 1

  • Utility Information

    • Water:Public (Municipal)
    • Sewer:Public Sewer (Sewer-Sanitary)
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BuyOwner last updated this listing 05/12/2025 @ 12:11

  • MLS: 622815703
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: Realcomp II Ltd

is a Multifamily, with 7 bedrooms which is for sale, it has 2,506 sqft, 2,506 sized lot, and 0 parking. are nearby neighborhoods.