17 N Summit Street
Ypsilanti, MI 48197
Multi Family · MLS # 81026042171 · Listing courtesy of The Charles Reinhart Company
About this home
Great 4 unit income property with laundry and garage. No seller financing. Unit 1 - studio, $765/month includes $70 for gas and water. Leased until 8/8/27. Unit 2 - 1 bdr 1 bath $1,130/month includes $110 for gas and water and $25 pet fee. Leased until 8/1/27. Unit 3 - 1 bdr bath, $865/month includes $70 for gas and water. Leased until 7/27/27. Unit 4 - Studio, $765/month includes $70 for gas and water. Leased until 8/1/27. Total rent is $3,525/month. Gross rent is $42,300 for the 2026-27 school year. Units updated 2023. New coin laundry in 2023. C of O expires 11/01/2026.
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 $329,000, and has been on the market 36 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 $9,124 a year. A buyer who lives here would pay about $6,934 to $10,516 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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