Back 514 Washtenaw Ave
Off Market

514 Washtenaw Ave

Ypsilanti MI 48197

0.19 ac.
Multi-Family
Last sold for $271,000
Tamara VinsonTamara Vinson, last sold this property on 30 March 2026 after 286 days on market.

Overview

BEST AND FINAL OFFERS ARE DUE AT 12pm SUNDAY 2/08/2026This charming property features two income-producing units: one vacant and one occupied. The occupied unit is a spacious 5-bedroom home rented to a long-term tenant receiving government assistance and paying $2,744/month. The vacant unit is a cozy 1-bedroom previously rented for $900/month, offering great potential for an owner-occupant or new tenant. A brand-new boiler has just been installed, providing reliable and efficient heating. With over $3,600/month in total potential rent, this property is perfect for investors seeking both stability and upside. Just minutes from EMU, Downtown Ypsi, and Depot Town -- a rare opportunity to own a character-rich, high-yield property in a growing market!

Features

0.19 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 514 Washtenaw Ave is $284.5k.

Median value
$284.5k
Estimated value range
$165k - $900k
Median days on market
29
Estimated value trend
-18%
decrease 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 514 Washtenaw Ave

2026
Sold
$271,000
30 Mar 2026 by Tamara Vinson, of Beal Properties LLC
2017
Sold
$152,000
14 Dec 2017 by Thomas Stachler

Happy sellers in Ypsilanti

56%
56% 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, 13 multi families similar to 514 Washtenaw Ave, have been sold.

This represents a 37% increase in multi families sales when compared to the previous 12 months.

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