$450,000

115 College Place, Ypsilanti, MI 48197

  • 4 baths |
  • 3,076 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1914
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $146/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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. Three of the 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 functional living spaces while still leaving room for future value-add potential. Tenants enjoy a common secured front entry, shared on-site laundry, and private parking, a rare commodity in the area. The full basement features glass block windows and is prepped for finishing, ideal for additional storage, a shared lounge space, or future expansion. Above, a spacious walk-up attic offers even more room for future development—whether additional units, creative loft space, or enhanced storage options. A detached garage provides extra storage for maintenance tools, seasonal items, or additional revenue possibilities. Located on a quiet, residential street just blocks from EMU, Depot Town, and expressways, this property is in a high-demand rental area with strong tenant retention. Units are occupied; please do not disturb tenants. Private tours are available by appointment only through the listing agent. Whether you’re looking to expand your portfolio or secure a cash-flowing property in a vibrant college town, 115 College Place is a rock-solid opportunity with multiple avenues for future growth.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 7:41AM
Listing Office:
J Dillon Realty : 7347774448
Listing Agent:
Joshua A Dillon : 7347774448
MLS ID:
20261020203
  • General: Entrance foyerProgrammable thermostat
  • Laundry: Laundry room
  • Basement: Bath stubbedFullUnfinishedWalk up access
  • A/C: Ceiling fans
  • Heating: Natural gasRadiant
  • General: LightingPrivate entrance
  • Style: Colonial
  • Other Structures: CoveredPorch
  • Pool: None
  • Parking: GarageParking lotParking spaces: 6
  • Roofing: Asphalt
  • General: Vinyl sidingTwoBasementBlockSump pump
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Ypsilanti
  • County: Washtenaw
  • Zoning: *OLD SID - 11 11-170-010-00 YP CITY 20W-12 LOT 10 COLLEGE PLACE ADDITION.111140430018
  • Fencing: Fenced
  • Utilities: Above ground utilities
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of Joshua A Dillon , J Dillon Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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