724 N River Street
Ypsilanti, MI 48198
Multi Family · MLS # 81026046467 · Listing courtesy of Century 21 Affiliated
About this home
This multi-unit property in Ypsilanti offers a solid investment with approximately 10,500 square feet of lot space. Designed to accommodate 2 to 4 units, it presents an opportunity for ownership focused on long-term value and income. The configuration provides flexibility for various ownership structures and use scenarios. This is a property poised for buyers seeking tangible real estate assets with established multi-unit potential. 3 Bedroom 1 bath main and 2 bed 1 bath up. Large 2 car garage for tools. LONG TIME owners Long term Tenants
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 $319,900, and has been on the market 58 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 $3,963 a year. A buyer who lives here would pay about $3,093 to $10,225 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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