115 College Place
Ypsilanti, Michigan 48197
4
Bed
4
Bath
3,076Sqft
0.14Acre(Lot)
Investment Opportunity in the Heart of Ypsilanti – 4-Unit Multifamily Welcome to 115 College Place, a well-maintained and updated 4-unit multifamily residence in one of Ypsilanti’s most sought-after investment corridors. Located just minutes from Eastern Michigan University and Downtown Ypsi’s growing cultural and dining scene, this property presents an outstanding opportunity for both seasoned investors and those entering the multifamily market. All four units are currently leased, generating immediate rental income with long-term upside. The building features numerous capital improvements including a new boiler system, durable vinyl siding, and Trex composite decking that ensures low maintenance and curb appeal. Many units have been updated with fresh finishes, offering clean and funct
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 4 Full Baths: 4 -
Room Information
Porches: Porch - Covered,Porch,CoveredInterior Features
Smoke Alarm,Carbon Monoxide Alarm(s),Circuit Breakers,Entrance Foyer,Laundry Facility,Programmable Thermostat Roof: Asphalt Basement Description: Unfinished,Walk-Up Access,Bath/Stubbed -
Heating & Cooling
Cooling: Ceiling Fan(s) Heating: Radiant Heating Fuel: Natural GasWater Heater
Natural Gas,Tankless
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Building Information
Year Built: 1914 Building Stories: 2 Story Total Units: 4 Roof: Asphalt Foundation/Basement: Basement Architecture: Colonial -
Exterior Features
Lighting,Private Entry,Fenced Construction: Vinyl -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal) Water Heat: Natural Gas,Tankless
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Lot Information
Lot Size: 0.14 Lot Dimensions: 52.00 x 120.00 Frontage Feet: 52 -
Property Information
SQ ft: 3076 Subdivision: COLLEGE PLACE ADD Financing: Cash,Conventional
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Listing Price Information
Original List Price: $450,000 -
Listing Information
Possession: Subject To Tenant Rights Legal Description: *OLD SID - 11 11-170-010-00 YP CITY 20W-12 LOT 10 COLLEGE PLACE ADDITION.
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Tax Information
Annual Tax: $7,882 Parcel Number: 111140430018Possession
Subject To Tenant RightsLegal Information
Legal Description: Section: *OLD SID - 11 11-170-010-00 YP CITY 20W-12 LOT 10 COLLEGE PLACE ADDITION.
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Virtual Tour
Parking Information
Parking: 6 Has Garage: Yes -
Multi-Unit Information
Presently Zoned: 1 Road Frontage: Paved,Pub. Sidewalk -
Unit 1 Information
# of Bedrooms: 4
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School Information
School District: Ypsilanti -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 414 S Adams Street , Ypsilanti, MI, 48197 | $250,000 | 2 | -- | -- | |
| 1017 Washtenaw Road , Ypsilanti, MI, 48197 | $300,000 | 6 | 2 | 1,776 | 1,776 SqFt |
| 100 S Washington Street , Ypsilanti, MI, 48197 | $1,050,000 | 8 | -- | -- | |
| 212 N Summit Street , Ypsilanti, MI, 48197 | $299,000 | 5 | -- | -- | |
| 125 N Summit Street , Ypsilanti, MI, 48197 | $339,000 | 6 | -- | -- | |
| 211 Ferris Street , Ypsilanti, MI, 48197 | $1,050,000 | 1 | -- | -- | |
| 413 S Huron Street S, Ypsilanti, MI, 48197 | $284,900 | 5 | 3 | 2,468 | 2,468 SqFt |
| 316 Washtenaw Avenue , Ypsilanti, MI, 48197 | $400,000 | 7 | 2 | 3,112 | 3,112 SqFt |
| 111 Ballard Street , Ypsilanti, MI, 48197 | $285,000 | 4 | 2.5 | 1,725 | 1,725 SqFt |
| 611 Emmet Street , Ypsilanti, MI, 48197 | $300,000 | 6 | -- | -- |
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 06/16/2026 @ 13:42
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