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Sold for $262,500
  • $262,500

    501 Washtenaw Rd, Ypsilanti, MI 48197

    7beds
    2,506sqft
    Duplex
    Built in 1884
    -- sqft lot
    $265,400 Zestimate®
    $105/sqft
    $1,280 Estimated rent

    Home value

    $265,400

    $239,000 - $295,000

    $1,280/mo

    Zestimate® history
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    What's special

    ***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.

    Zillow last checked: 7 hours ago

    Listing updated: August 25, 2025 at 11:33am

    Listed by:

    Darryn Brundage-Forrest 734-237-6901,

    @properties Christies Intl RE Ann Arbor

    Bought with:

    Stewart Beal, 6502380164

    Beal Properties LLC

    Source: Realcomp II,MLS#: 20250007590MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Hot Water, Natural Gas
    Features
    • Has basement: Yes
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,506 sqft
    • Finished area above ground: 2,506

    Property

    Parking
    • Total spaces: 8
    Features
    • Levels: Three
    • Stories: 3
    • Patio & porch: Porch
    • Pool features: None
    Lot
    • Size: 0.25 Acres
    • Dimensions: 60.00 x 185.00
    Details
    • Parcel number: 111140416015
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Duplex,Upper Lower Apartment
    • Property subtype: Duplex
    Materials
    • Other
    • Foundation: Michigan Basement
    Condition
    • New construction: No
    • Year built: 1884

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Ypsilanti
    • Subdivision: STUCKS ADD

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Warranty Deed

    Price history

    DateEventPrice
    8/25/2025Sold$262,500-26.1%$105/sqft
    Source: Realcomp II #20250007590 Report a problem
    8/25/2025Pending sale$355,000$142/sqft
    Source: Realcomp II #20250007590 Report a problem
    8/4/2025Price change$355,000-5.3%$142/sqft
    Source: Realcomp II #20250007590 Report a problem
    6/27/2025Price change$375,000-3.8%$150/sqft
    Source: Realcomp II #20250007590 Report a problem
    6/13/2025Price change$390,000-2.5%$156/sqft
    Source: Realcomp II #20250007590 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $265,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $265,400