116 N Summit Street
Ypsilanti, MI 48197
Multi Family · MLS # 81026042181 · Listing courtesy of The Charles Reinhart Company
About this home
Nice duplex with ample parking and coin laundry. No seller financing. Unit 1 - four bedrooms 1 1/2 baths, $2.065/month includes $120 for water. Lease until 7/31/27. Unit 2 - 2 bedrooms one bath, $1,125/month includes $60 for water. Lease until 8/14/27. Gross rent is $38,280 for the 2026-27 school year. Coin laundry. House was completely gutted and renovated in 2016. New HVAC, electrical, plumbing, siding, roof, etc. House was completely gutted and renovated in 2016 - new HVAC, electrical, plumbing, windows, siding, roof, and more! C of O expires 05/01/2027.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Ypsilanti
Over the last 90 days, 215 homes sold in Ypsilanti for a median of $300,000, about $182 per square foot, and the typical one went under contract in 15 days. This home is listed at $319,000, and has been on the market 8 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Ypsilanti sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $6,001 a year. A buyer who lives here would pay about $4,560 to $10,196 a year once the taxable value resets after the sale, at the 2025 homestead rate of 63.29 mills for Ypsilanti City and Ypsilanti schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Ypsilanti
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