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Back 115 College Place
Off Market

115 College Place

Ypsilanti MI 48197

4
3076 sq. ft.
0.14 ac.
Multi-Family
Last sold for $385,000
Joshua DillonJoshua Dillon, last sold this property on 12 August 2026 after 364 days on market.

Overview

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. 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.

Features

4 bathrooms
3076 sq. ft. floor area
0.14 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Ypsilanti over the last 12 months, the estimated median property value of 115 College Place is $345k.

Median value
$345k
Estimated value range
$165k - $900k
Median days on market
47
Estimated value trend
1%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ypsilanti. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 115 College Place

2026
Sold
$385,000
12 Aug 2026 by Joshua Dillon, of J Dillon Realty
2026
Rented
Undisclosed
13 Apr 2026 by J Dillon Realty
2025
Rented
Undisclosed
22 Dec 2025 by J Dillon Realty

Happy sellers in Ypsilanti

52%
52% of sellers in Ypsilanti reported that their sale price either exceeded or met their price expectations.

Ypsilanti stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Ypsilanti over the last 12 months.

Local market activity for multi families in Ypsilanti

In the last 12 months, 16 multi families similar to 115 College Place, have been sold.

This represents a 12% increase in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ypsilanti

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Tammi Ebenhoeh

Sellers who recommend Tammi Ebenhoeh have praised them for being local expert, responsive, clear communication, supportive, great negotiation, reliable, and dedicated

  •   5   (178 reviews)
  •  1 Review in Ypsilanti
  •  3 Sales in Ypsilanti
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Elizabeth Duperon

Elizabeth Duperon is a recommended agent for Ypsilanti.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (4 reviews)
  •  1 Review in Ypsilanti
  •  2 Sales in Ypsilanti
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Marybeth Jamieson

Sellers who recommend Marybeth Jamieson have praised them for being clear communication, local expert, responsive, empathetic, patient, detail-oriented, and trustworthy

  •   5   (38 reviews)
  •  1 Review in Ypsilanti
  •  1 Sale in Ypsilanti
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Devin Fink

Devin Fink is a recommended agent for Ypsilanti.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (32 reviews)
  •  1 Review in Ypsilanti
  •  1 Sale in Ypsilanti
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