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Listed price in listed location currency (USD).
$415,000

046

MLS® 20261020203

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 3076 sqft
Garage Yes
Taxes $7,882
Days Active 112
Lot Size 0.14 Acres
Approx. Age 1914
Avg. Price Per Sqft $134
MLS® Number 20261020203

Property Address: 115 College Pl, Ypsilanti, MI, 48197-2699

Average square foot calculated using Size range provided by listing agent.

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. 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 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.
MLS® Number20261020203
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1914
BasementBath Stubbed, Full, Unfinished, Walk Up Access
DrivewayGarage, Parking Lot
Garage Spaces
HeatNatural Gas, Radiant
A/CCeiling Fans

Extras

Price History

Last Sold Price

$1,100$1.1K

Appreciation

--

Avg. Days Listed

63 days

Today, For Sale for $415,000

Traditional style home with a porch and a front yard
For Sale · 112 days

$415,000

MLS® 20261020203

4 months ago

Not Sold Yet

April 2026, Leased for $1,100

Property entrance featuring a porch
Leased · 119 days

$1,100

MLS® 20251060017

3 months ago

Sold on Apr 13, 2026

March 2026, For Sale for $415,000

Traditional style home with a porch and a front yard
For Sale · 112 days

$415,000

MLS® 20261020203

4 months ago

Not Sold Yet

December 2025, Leased for $1,050

View of deck
Leased · 7 days

$1,050

MLS® 20251060018

7 months ago

Sold on Dec 22, 2025

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