USAMIYpsilantiCollege Place Add115 College Pl

$450,000

Other

20 days ago

115 College Pl, Ypsilanti, MI

Name: 115 College Pl, Other in Ypsilanti - eXp Realty
Brand: J Dillon Realty
SKU: 20261020203
Price: 450000 USD

House

MLS® 20261020203

0 Bed

4 Bath

3076 sqft

6 Parking

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 3076 sqft

Garage Yes

Taxes $7,882

Days Active 20

Lot Size

Approx. Age 1914

Avg. Price Per Sqft $146

MLS® Number 20261020203

Property Address: 115 College Pl, Ypsilanti, MI, 48197-2699

Average square foot calculated using Size range provided by listing agent.

Description

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. Three of the 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.

MLS® Number20261020203

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1914

BasementBath Stubbed, Full, Unfinished, Walk Up Access

DrivewayGarage, Parking Lot

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

Other

Apr 8, 2026List Date

$450,000List Price

Dec 22, 2025End Date

$1,050Sold Price

Leased

Dec 14, 2025List Date

$1,050List Price

Apr 13, 2026End Date

$1,100Sold Price

Leased

Dec 14, 2025List Date

$1,100List Price

Commute

Commute

Starting Address

Destination Address

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