For Sale
518 W Michigan Avenue, Ypsilanti, MI 48197
$312
MLS # 26034687 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 18930.12 acres
1 / 8
Listing Description
Turnkey student housing perfect for the beginning investor. Well maintained, on the edge of the city and close to the university.
Source: SparkMLS
About this home
This 3-bath home built in 1893 sits in Ypsilanti in Ypsilanti.
Currently offered at $312.
Property tax estimate: $7,537 per year ($628/month). 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
Bathrooms3
Lot Size0.12 acres
Year Built1893
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space, Michigan Basement, Slab
HeatingForced Air
UtilitiesElectricity Available, Electricity Connected
Sale & Financing
Listed7/8/2026
Terms AcceptedVA Loan, MSHDA, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,537
Tax Year2025
Assessed Value$94,278
Parcel #11-11-40-463-038
Source: SparkMLS
Legal Description
*OLD SID - 11 11-060-064-00 YP CITY 10W-61 LOT 64 ASSESSOR'S PLAT NUMBER 10. 518 W MICHIGAN
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Andre Kingston
Beal Properties LLC
Frequently Asked Questions about 518 W Michigan Avenue, Ypsilanti, MI 48197
What school district is 518 W Michigan Avenue, Ypsilanti, MI 48197 in?
Per MLS# 26034687, this property is served by Ypsilanti. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 518 W Michigan Avenue, Ypsilanti, MI 48197?
Per MLS# 26034687, the seller has indicated this property accepts the following financing types: VA Loan, MSHDA, FHA, Cash, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26034687, the most recent reported annual property tax for 518 W Michigan Avenue, Ypsilanti, MI 48197 is $7,537 (2025). 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.
Is 518 W Michigan Avenue, Ypsilanti, MI 48197 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 518 W Michigan Avenue, Ypsilanti, MI 48197 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$2
Principal & interest$2
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
518 W Michigan Avenue, Ypsilanti, MI 48197
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Municipality
Ypsilanti
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County
Washtenaw County
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