501 Washtenaw Road
Ypsilanti, MI 48197
- – beds
- 4 baths
- 2,506 sqft
- $159 per sqft
- 1884 build
- – on site
***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.
Last checked:
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Last updated May 8, 2025
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MLS# 20250007590 —
Upcoming Open Houses
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Saturday, 5/10
1pm-3pm
The Building
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Year Built:1884
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New Construction:false
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Construction Materials:Other
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Architectural Style:Colonial, Duplex, UpperLowerApartment
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Levels:Three
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Basement:true
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Foundation Details:MichiganBasement
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Patio And Porch Features:Porch
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Above Grade Finished Area:2506.0
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Below Grade Total Area:1178
Interior
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Fireplace:false
Room Dimensions
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Living Area:2506.0
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Living Area Source:PublicRecords
Location
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Directions:North On Huron, West On Cross. South On Ballard. West Into The Parking Lot On The Corner Of Washtenaw And Ballard
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Cross Street:Washtenaw and Ballard
The Property
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Parcel Number:111140416015
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Dimensions:60.00 x 185.00
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Lot Size Units:Acres
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Zoning Description:Multi-Family
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (734) 237-6901
- Office phone:
- (734) 237-6901
Taxes
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Tax Legal Description:*OLD SID - 11 11-625-018-00 YP CITY 52W-23 LOT 18 STUCKS ADDITION. LOC:501 WASHTENAW
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Tax Assessed Value:162800
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Tax Annual Amount:13082.0
Baths
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Total Baths:4
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Full Baths:4
Heating & Cooling
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Heating:HotWater, NaturalGas
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:Ypsilanti
The Community
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Subdivision Name:STUCKS ADD
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Senior Community:false
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Pool Features:None
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Waterfront:false
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Pets Allowed:CatsOk, DogsOk, Yes
Parking
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Garage:true
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Garage Spaces:1.0
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Attached Garage:false
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Parking Total:8.0
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Parking Features:OneCarGarage
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/17/25
Feb 17, 2025
|
Listed / Active | REALCOMP | $400,000 | |
2/13/25
Feb 13, 2025
|
Sold Subject To Contingencies | REALCOMP | $400,000 | |
2/5/25
Feb 5, 2025
|
Listed / Active | REALCOMP | $400,000 |