For Sale
125 N Summit Street, Ypsilanti, MI 48197
$339,000
MLS # 26014509 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 18640.23 acres
1 / 11
Listing Description
Updated three unit income property within a short walk to campus that includes a garage! Unit 1 has 3 bedrooms and 1 bath and leased to August 2027 ($16,140/yr). Unit 2 has 1 bedroom and 1 bath and leased to August 2027 ($10,740/yr). Unit 3 had 2 bedrooms and 1 bath and least to August 2027 ($11,340/yr). Garage is lease for $600/yr. There is ample off street parking. Tenants pay gas, electric, water/sewer.
Source: SparkMLS
About this home
Currently offered at $339,000.
Estimated annual property tax: $9,202, or about $767 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.23 acres
Year Built1864
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionVinyl Siding
BasementPartial
HeatingForced Air
UtilitiesCable Available, Cable Connected
Sale & Financing
Listed4/8/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$9,202
Tax Year2026
Assessed Value$115,098
Parcel #11-11-40-163-022
Source: SparkMLS
Legal Description
*OLD SID - 11 11-175-061-00 YP CITY 21W-86 LOT 61 CROSS & BAGLEY'S ADDITION.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ayad Ridha
The Charles Reinhart Company
Frequently Asked Questions about 125 N Summit Street, Ypsilanti, MI 48197
Which school district serves 125 N Summit Street, Ypsilanti, MI 48197?
Per MLS# 26014509, 125 N Summit Street, Ypsilanti, MI 48197 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26014509, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 125 N Summit Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $9,202 (2026). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 125 N Summit Street, Ypsilanti, MI 48197 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 125 N Summit Street, Ypsilanti, MI 48197 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 125 N Summit Street, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,199
Principal & interest$2,199
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
125 N Summit Street, Ypsilanti, MI 48197
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Neighborhood
Normal Park
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Community
Ypsilanti
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County
Washtenaw County
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