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115 COLLEGE Place
Ypsilanti MI 48197 US

$450,000

Active Listing ID 20250034364
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6.00 Bath (6 Full)
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Other

$450,000

Active Listing ID 20250034364
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115 COLLEGE Place 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. Each of the four units is 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. All 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6
  • Cooling System: Ceiling Fan(s)
  • Exterior Finish: Lighting, Private Entry, Fenced
  • Heating Fuels: Natural Gas, Radiant

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 450000
  • unparsedaddress: 115 COLLEGE Place
  • postalcity: Ypsilanti
  • stateorprovince: MI
  • country: US
  • postalcode: 48197
  • bathroomsfull: 6
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 3076
  • livingareaunits: Square Feet
  • listagentfullname: Joshua A Dillon
  • listagentemail: JDillon@JDillonRealty.com
  • listagentkey: 3yd-REALCOMPMI-374433
  • listagentmlsid: 374433
  • listagentpreferredphone: 7347774448
  • listagentofficephone: 7347774448
  • listofficekey: 3yd-REALCOMPMI-418639
  • listofficemlsid: 418639
  • disclaimer: Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: REALCOMPMI
  • yearbuilt: 1914
  • listingcontractdate: 2025-05-12
  • listagenturl: http://www.JDillonRealty.com
  • countyorparish: Washtenaw
  • parcelnumber: 111140430018
  • elementaryschooldistrict: Ypsilanti
  • middleorjuniorschooldistrict: Ypsilanti
  • highschooldistrict: Ypsilanti
  • cooling: Ceiling Fan(s)
  • heating: Natural Gas, Radiant
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 1
  • waterfrontyn: False
  • interiorfeatures: Smoke Alarm, Carbon Monoxide Alarm(s), Entrance Foyer, Laundry Facility, Programmable Thermostat
  • exteriorfeatures: Lighting, Private Entry, Fenced
  • architecturalstyle: Colonial
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"J Dillon Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"JDillon@JDillonRealty.com", "ListBrokerageCity":"Whitmore Lake", "ListBrokerageCountry":"US", "ListBrokerageEmail":"JDillon@JDillonRealty.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"J Dillon Realty", "ListBrokeragePhone":"(734) 777-4448", "ListBrokeragePostalCode":"48189", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9859 Main St", "ListBrokerageWebsiteUrl":"http://www.JDillonRealty.com", "ListOfficeAddress1":"1175 Starkweather Street", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"374433", "ListOfficeCity":"Plymouth", "ListOfficeCountry":"US", "ListOfficeEmail":"JDILLON@JDILLONREALTY.COM", "ListOfficePostalCode":"48170", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Colonial - Ypsilanti, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/115-College-Pl_Ypsilanti_MI_48197_M33828-92891?f=listhub&s=REALCOMPMI&m=20250034364&c=rexren", "MLSModificationTimestamp":"2025-10-13T16:48:20Z", "Neighborhoods":[{"Description":null, "Name":"Ypsilanti"}], "PostalCode":null, "RawPropertySubType":"Colonial", "RawPropertyType":"Multi-Unit/Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7757, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/13/2025 10:04:46 PM GMT
Source Updated Date: 12/6/2025 12:40:37 PM GMT

Courtesy of: Joshua A Dillon, J Dillon Realty, JDillon@JDillonRealty.com

Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.