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About This Home
This 4-bedroom, 4-bathroom residential multi family at 115 College Place in Ypsilanti, MI is listed for $450,000 ($146 per sqft). Built in 1914, the home offers 3,076 sqft of living space on a 0.14 acres lot.
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 presen
ts 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.
Key Features
- Built in 1914
- 0.14 acre lot
- 2 stories
- 6 parking spaces
Property Details
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
115 College Place
Ypsilanti, MI 48197
COLLEGE PLACE ADD
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 115 College Place is listed at $450,000 ($146/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1914, 0.14 acre lot, 2 stories, 6 parking spaces. Interior Features: Smoke Alarm, Carbon Monoxide Alarm(s), Circuit Breakers. Exterior Features: Lighting, Private Entry, Fenced.
This property is listed by Joshua A Dillon and can be reached at (734) 777-4448 or JDillon@JDillonRealty.com.








