$319,000
$20K PRICE DROP

125 N Summit St Ypsilanti, MI 48197

Normal Park Neighborhood

Estimated payment $2,517/month

Total Views 51,474
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Updated three unit income property within a short walk to campus that includes a garage! No seller financing. Unit 1 has 3 bedrooms and 1 bath and leased to August 2027 ($16,140/yr). Unit 2 has 1 bedroom and 1 bath and leased to August 2027 ($10,740/yr). Unit 3 had 2 bedrooms and 1 bath and least to August 2027 ($11,340/yr). Garage is lease for $600/yr. Total rent for the 2026-27 school year is $38,820. There is ample off street parking. Tenants pay gas, electric, water/sewer. C of O expires 11/01/2026.

Listing Agent

Ed Ridha

The Charles Reinhart Company License #6506044647 Listed on: 04/09/2026

The Charles Reinhart Company

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1864

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 66x152

Parking

  • 7 Parking Spaces

Home Design

  • Vinyl Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Apartment

Year Built

Built in 1864

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1864
  • General Property Info:Basement: Yes
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: Cable Available
  • Extras:Extras: Garages
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE0NTA5IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA4LTIwVDE2OjM3OjM3LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE0NjI5IiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.sGIVT1ywN-4t_KtHde97ozIfEsmfMki7muCrQy4WBzM/badge
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 319000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 7.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Cable Available
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 66x152
  • Lot Size Sq Ft: 10019.0

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Sewer, Water

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 9201.97
  • Tax Year: 2025

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $9,202 $184,900 $0 $0
2025 $8,766 $174,800 $0 $0
2024 $8,622 $170,400 $0 $0
2023 $8,129 $147,200 $0 $0
2022 $8,397 $134,700 $0 $0
2021 $8,248 $130,700 $0 $0
2020 $8,434 $119,900 $0 $0
2019 $8,140 $119,000 $119,000 $0
2018 $7,637 $116,200 $0 $0
2017 $7,482 $112,700 $0 $0
2016 $7,574 $87,570 $0 $0
2015 -- $87,309 $0 $0
2014 -- $84,582 $0 $0
2013 -- $84,582 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2026 06/16/26 Price Changed $319,000 -5.9% --
04/09/2026 04/09/26 For Sale $339,000 -- --
Source: MichRIC

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $196,500 American Title Co Livingston
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $157,200 Fannie Mae Freddie Mac
Source: Public Records

About the Listing Agent

Ed Ridha
Ed Ridha

The Charles Reinhart Company

(734) 441-9706

Section Image

Ed has been licensed as a realtor for 26 years. He currently serves as an associate broker at Reinhart Realtors. Ed has done over 400 million dollars in sales and is in the top 5% of all Reinhart agents. Contact Ed for any real estate inquiries in the Ann Arbor, MI area!

View Ed's Profile

Ed's Other Listings

  • 124 N Summit St, Ypsilanti, MI 48197

    $495,000

    • 4 Baths
    • 124 N Summit St
    • Ypsilanti, MI

    Fantastic 4 unit property close to campus with garage and coin operated laundry. No seller financing. Unit 1 - one bedroom one bath $800/month includes $70 for water and gas. Leased to 8/1/27 Unit 2 - three bedrooms one bath $1,495/month includes $50 for water and gas. Leased to 8/10/27. Unit 3 - two bedrooms one bath $1,175 includes $50 for water and gas. Leased to 7/31/27. Unit 4 - three

    Ed Ridha The Charles Reinhart Company

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  • 116 N Summit St, Ypsilanti, MI 48197

    $319,000

    • 3 Baths
    • 116 N Summit St
    • Ypsilanti, MI

    Nice duplex with ample parking and coin laundry. No seller financing. Unit 1 - four bedrooms 1 1/2 baths, $2.065/month includes $120 for water. Lease until 7/31/27. Unit 2 - 2 bedrooms one bath, $1,125/month includes $60 for water. Lease until 8/14/27. Gross rent is $38,280 for the 2026-27 school year. Coin laundry. House was completely gutted and renovated in 2016. New HVAC, electrical,

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  • 212 N Summit St, Ypsilanti, MI 48197

    $279,900 $19K PRICE DROP

    • 212 N Summit St
    • Ypsilanti, MI

    Walking distance to campus, this updated duplex with great income, has good off street parking, and a garage! No seller financing. Unit 1 is an updated 1 bedroom 1 bath unit ($8,160/yr) leased to August 2027. Unit 2 has 4 bedrooms, 2 baths, two updated kitchens (both with dishwashers), high ceilings and lease to to August 2027 ($26,940/yr). The garage is not currently rented and can produce added

    Ed Ridha The Charles Reinhart Company

    Section Image
  • 106 N Summit St, Ypsilanti, MI 48197

    $349,000

    • 4 Baths
    • 106 N Summit St
    • Ypsilanti, MI

    Great 4 unit property, close to campus, with large garage and extra parking. No seller financing. Unit 1 - one bedroom one bath $750/month includes $25 for water. Leased to 8/1/27. Unit 2 - two bedroom one bath $1,155/month includes $60 for water and $30 pet fee. Leased to 8/14/27. Unit 3 - one bedroom one bath $945/month includes $25 for water. Leased to 8/14/27. Unit 4 - one bedroom one bath

    Ed Ridha The Charles Reinhart Company

    Section Image
  • 17 N Summit St, Ypsilanti, MI 48197

    $329,000

    • 4 Baths
    • 17 N Summit St
    • Ypsilanti, MI

    Great 4 unit income property with laundry and garage. No seller financing. Unit 1 - studio, $765/month includes $70 for gas and water. Leased until 8/8/27. Unit 2 - 1 bdr 1 bath $1,130/month includes $110 for gas and water and $25 pet fee. Leased until 8/1/27. Unit 3 - 1 bdr bath, $865/month includes $70 for gas and water. Leased until 7/27/27. Unit 4 - Studio, $765/month includes $70 for gas and

    Ed Ridha The Charles Reinhart Company

    Section Image
  • 705 Pearl St, Ypsilanti, MI 48197

    $229,900 $19K PRICE DROP

    • 705 Pearl St
    • Ypsilanti, MI

    Spacious 5 bedroom home featuring an updated kitchen with dishwasher and updated bath, all within walking distance to campus. No seller financing. Large deck, high ceilings, spacious room sizes. Property is leased to August 2027 ($29,940/yr). Tenants pay gas, electric, and water/sewer. C of O expires 03/01/2028.

    Ed Ridha The Charles Reinhart Company

    Section Image
  • 805 N Congress St, Ypsilanti, MI 48197

    $219,000 $10K PRICE DROP

    • 805 N Congress St
    • Ypsilanti, MI

    Updated duplex with a garage and a location that is walkable to campus! No seller financing. Unit 1 has 3 bedrooms 1 bath, updated kitchen with dishwasher, central air, and is leased to August 2027 ($15,300/yr). Unit 2 has 2 bedroom 1 bath, an updated kitchen with dishwasher, and is leased to August 2027 ($11,100/yr). Total rent for both units - $26,400/yr until August 2027. Good off street

    Ed Ridha The Charles Reinhart Company

    Section Image
  • 615 Pearl St, Ypsilanti, MI 48197

    $2,499,000

    • 7 Baths
    • 615 Pearl St
    • Ypsilanti, MI

    Special investment opportunity at the steps of the Eastern Michigan University campus. This is group 2 of 2 seven property packages - 615 Pearl St, 351 S Mansfield St, 212 N Summit St, 125 N Summit St, 124 N Summit St, 116 N Summit St, 106 N Summit St. Gross rent for these 7 properties is $355,820 for the 2026-27 school year. For specific property information, refer to the individually listed

    Ed Ridha The Charles Reinhart Company

    Section Image
  • 615 Pearl St, Ypsilanti, MI 48197

    $549,000

    • 7 Baths
    • 615 Pearl St
    • Ypsilanti, MI

    Popular 7 unit campus property with great parking. Unit 1- 1 bedroom 1 bath $855/month includes $60 for water and gas. Leased until 8/17/27. Unit 2- 1 bedroom 1 bath $765/month includes $50 for water and gas. Leased until 8/1/27. Unit 3 - 1 bedroom 1 bath $845/month includes $50 for water and gas. Leased until 8/14/27. Unit 4- 1 bedroom 1 bath $790/month includes $50 for water and gas and $25 pet

    Ed Ridha The Charles Reinhart Company

    Section Image

Source: MichRIC

MLS Number: 26014509

MichRIC

APN: 11-40-163-022

Michigan Washtenaw County Ypsilanti 48197 Normal Park

125 N Summit St, Ypsilanti, MI

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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Ed Ridha
Ed Ridha
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The Charles Reinhart Company
(734) 441-9706
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