For Sale
502 Pearl Street, Ypsilanti, MI 48197
$440,000
MLS # 26012743 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 19010.14 acres
1 / 27
Listing Description
Beautiful home, great investment! Whether you turn this back into a beautiful downtown home or continue using it as a rental you will be happy for years to come . Currently, the first and second floor have apartments with three bedrooms and one bathroom. Generous size living rooms, and plenty of storage in the kitchens. The third unit is a studio on the third floor. Exposed beams and the retro kitchen make it a very desirable unit. 3 car garage adds potential for income. Walking distance to everything downtown, and EMU campus
Source: SparkMLS
About this home
Listed at $440,000.
Estimated annual property tax: $10,214, or about $851 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 Size0.14 acres
Year Built1901
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionConcrete, Vinyl Siding
BasementMichigan Basement, Partial
HeatingForced Air
SewerPublic Sewer
UtilitiesNatural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed3/30/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$10,214
Tax Year2026
Assessed Value$127,757
Parcel #11-11-40-416-004
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Amy Saffold
RE/MAX Platinum
Frequently Asked Questions about 502 Pearl Street, Ypsilanti, MI 48197
Which school district serves 502 Pearl Street, Ypsilanti, MI 48197?
Per MLS# 26012743, 502 Pearl 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# 26012743, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 502 Pearl Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $10,214 (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, 502 Pearl 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 502 Pearl 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 502 Pearl Street, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public Sewer. 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$2,854
Principal & interest$2,854
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
502 Pearl Street, Ypsilanti, MI 48197
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Neighborhood
Midtown
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Community
Ypsilanti
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County
Washtenaw County
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