115 College Place, Ypsilanti, MI 48197
Local realty services provided by:ERA Prime Real Estate Group
115 College Place,Ypsilanti, MI 48197
$415,000
- - Beds
- 4 Baths
- 3,076 sq. ft.
- Multi-family
- Active
Listed by: joshua a dillon
Office: j dillon realty
MLS#:20261020203
Source:MI_REALCOMP
Price summary
- Price:$415,000
- Price per sq. ft.:$134.92
About this home
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....
Contact an agent
Home facts
- Year built:1914
- Listing ID #:20261020203
- Added:103 day(s) ago
- Updated:July 21, 2026 at 10:06 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Basement Description:Bath Stubbed, Full, Unfinished, Walk-Up Access
- Living area:3,076 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans
- Heating:Natural Gas, Radiant
Structure and exterior
- Roof:Asphalt
- Year built:1914
- Building area:3,076 sq. ft.
- Lot area:0.14 Acres
- Architectural Style:Colonial
- Construction Materials:Vinyl Siding
- Exterior Features:Covered, Lighting, Porch, Private Entrance
- Foundation Description:Basement, Block, Sump Pump
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$415,000
- Price per sq. ft.:$134.92
- Tax amount:$7,882
Features and amenities
- Laundry features:Laundry Room
- Amenities:Entrance Foyer, Programmable Thermostat
Parking
- Total parking spaces:6
- Parking description:Garage, Parking Lot
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