514 Washtenaw Ave Ypsilanti, MI 48197
Midtown NeighborhoodEstimated payment $2,190/month
Highlights
- 0.19 Acre Lot
- Window Unit Cooling System
- Heating System Uses Steam
- 1 Fireplace
About This Home
Historic duplex with strong cash flow in prime Ypsilanti location! This charming property features two income-producing units: a cozy 1-bedroom recently rented at $900/month, and a spacious 5-bedroom unit occupied by a long-term tenant receiving government assistance and paying $2,744/month. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total rent, this property is perfect for investors looking for stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town. A rare opportunity to own a character-rich, high-yield property in a growing market!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1870
Lot Details
- 8,276 Sq Ft Lot
- Lot Dimensions are 51x164
Home Design
- Vinyl Siding
Interior Spaces
- 1 Fireplace
Basement
- Michigan Basement
- Laundry in Basement
Parking
- 6 Parking Spaces
- Driveway
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Heating System Uses Steam
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for trash collection, water
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $7,588 | $129,300 | $0 | $0 |
| 2024 | $7,588 | $121,900 | $0 | $0 |
| 2023 | $7,511 | $115,100 | $0 | $0 |
| 2022 | $7,391 | $100,000 | $0 | $0 |
| 2021 | $7,260 | $96,100 | $0 | $0 |
| 2020 | $7,423 | $93,900 | $0 | $0 |
| 2019 | $7,165 | $88,600 | $88,600 | $0 |
| 2018 | $6,689 | $79,400 | $0 | $0 |
| 2017 | $4,998 | $76,200 | $0 | $0 |
| 2016 | $5,059 | $58,496 | $0 | $0 |
| 2015 | -- | $58,322 | $0 | $0 |
| 2014 | -- | $56,500 | $0 | $0 |
| 2013 | -- | $56,500 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $295,000 | -4.8% | -- |
| 06/16/2025 06/16/25 | For Sale | $310,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $156,000 | Devon Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $150,000 | Liberty Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $136,500 | Commercial | |
| Previous Owner | $105,000 | Commercial | |
| Previous Owner | $135,000 | Purchase Money Mortgage |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25028764
APN: 11-40-182-010
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Information is deemed reliable but not guaranteed.
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