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About This Home
This 7-bedroom, 2-bathroom residential multi family at 316 Washtenaw Avenue in Ypsilanti, MI is listed for $400,000 ($129 per sqft). Built in 1865, the home offers 3,112 sqft of living space on a 0.14 acres lot.
Opportunities like this don't come along often. Whether you're looking to expand your investment portfolio, house hack, or own a piece of local history, this beautifully maintained side-by-side duplex checks all the boxes. Offering approximately 3,112 square feet, this income-producing property features 7 bedrooms and 2 full baths between two spacious units.
One side offers 3 bedrooms and 1 bath, while the other features 4 bedrooms and 1 bath. From the moment you arrive, you'll appreciate the curb appeal, mature trees, colorful landscaping, and timeless character. Inside, you'll find hardwood floors, classic moldings, fireplaces, and historic details throughout.
The numbers make sense too. Market rents are estimated at approximately $4,200 per month, with the 4-bedroom unit projected at $2,150/month and the 3-bedroom unit at $1,950/month. The current tennant vacates in August so you can take these up to current market rates!
Most major improvements have already been completed, including updated 90% effecient furnaces, water heaters, plumbing, central air units, dimensional shingle roof, and more. Very little is left to do but collect rent and enjoy ownership. Conveniently located near parks, shopping, dining, campus amenities, and I-94, the property also offers 6 off-street parking spaces behind the home plus additional street parking.
Don't wait. Properties with this combination of historic charm, strong cash flow, major updates, and prime location don't last long. Schedule your showing today. *A house hacker may qualify for an FHA 5% owner occupant loan too! Live in one side and rent the other!
Showings begin Saturday, June 13th after 1:00 PM on vacant Unit #316. The occupied unit will be shown upon accepted offer. AGENTS: Download the SentriLock app for convenient access. Check Agent Remarks or ShowingTime for the secure offer submission link. Do NOT email offers.
Key Features
- Built in 1865
- 0.14 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
316 Washtenaw Avenue
Ypsilanti, MI 48197
Norris & Cross Add
Property Details
Construction
Heating
Questions & Answers
This 7-bedroom, 2-bathroom residential multi family at 316 Washtenaw Avenue is listed at $400,000 ($129/sqft). The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.
Key features include: Built in 1865, 0.14 acre lot, 2 stories.
This property is listed by Carlo Gobba and can be reached at (888) 501-7085 or carlo@carlogobba.com.





