615 Pearl Street, Ypsilanti, MI 48197 (MLS# 26042175)

615 Pearl Street, Ypsilanti, MI 48197

New Listing

$549,000

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Property Type: Multi Family Lot Size (sq. ft.): 12,981 Status: Active

Current Price: $549,000 List Date: 8/12/2026 Last Modified: 8/12/2026

Overview

Description

Popular 7 unit campus property with great parking. Unit 1- 1 bedroom 1 bath $855/month includes $60 for water and gas. Leased until 8/17/27. Unit 2- 1 bedroom 1 bath $765/month includes $50 for water and gas. Leased until 8/1/27. Unit 3 - 1 bedroom 1 bath $845/month includes $50 for water and gas. Leased until 8/14/27. Unit 4- 1 bedroom 1 bath $790/month includes $50 for water and gas and $25 pet fee. Leased until 8/2/27. Unit 5 - 2 bedroom 1 bath $1,125/month includes $50 for water and gas and $30 pet fee. Leased until 8/11/27. Unit 6 - 2 bedroom 1 bath $995/month includes $50 for water and gas. Leased until 8/21/27. Unit 7 - 2 bedroom 1 bath $1,055/month includes $50 for water and gas. Leased Until 8/1/27. Rent $6340/month, $77,160/year. Boiler replaced in 2024. Roof and windows were replaced in 2022.

Listing Details MLS# 26042175

Location Property Info

County: Washtenaw
Street #: 615
Street Name: Pearl
Suffix: Street
State: MI
Zip Code: 48197
Zip (4): 2634

General Property Info

Lot Measurement: Acres
Lot Square Footage: 12981
Lot Acres: 0.3
Lot Dimensions: 66x194
Year Built: 1880
New Construction: No
Financial Available: No
Financial Comments: No seller financing
Road Frontage: 66
Total # Units: 7
# of Diff Unit Floor Plans: 7
Total # Bldgs: Yes
Total Parking Spaces: 12
Waterfront: No
School District: Ypsilanti
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 11-11-40-464-012
Taxable Value: 173928
SEV: 264500
For Tax Year: 2026
Seller's Annual Property Tax: 14630.43
Tax Year: 2026
Spec Assessment & Ty: None
Zoning: CN
Homestead %: 0

Remarks Misc

Directions: N Normal St to Pearl St

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: 1 Bed, 1 Bath
Occupied: Yes
Monthly Rent: 855
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: 1 Bed, 1 Bath
Occupied: Yes
Monthly Rent: 765
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: 1 Bed, 1 Bath
Occupied: Yes
Monthly Rent: 845
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: 1 Bed, 1 Bath
Occupied: Yes
Monthly Rent: 790
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 5
Unit Description: 2 Bed, 1 Bath
Occupied: Yes
Monthly Rent: 1125
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 6
Unit Description: 2 Bed, 1 Bath
Occupied: Yes
Monthly Rent: 995
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit #: 7
Unit Description: 2 Bed, 1 Bath
Occupied: Yes
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes
Monthly Rent: 1055

Location & Property Info

Cross Streets: N Normal St & Pearl St
Property Sub-Type: 5+ Units
Municipality: Ypsilanti City
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: Popular 7 unit campus property with great parking. Unit 1- 1 bedroom 1 bath $855/month includes $60 for water and gas. Leased until 8/17/27. Unit 2- 1 bedroom 1 bath $765/month includes $50 for water and gas. Leased until 8/1/27. Unit 3 - 1 bedroom 1 bath $845/month includes $50 for water and gas. Leased until 8/14/27. Unit 4- 1 bedroom 1 bath $790/month includes $50 for water and gas and $25 pet fee. Leased until 8/2/27. Unit 5 - 2 bedroom 1 bath $1,125/month includes $50 for water and gas and $30 pet fee. Leased until 8/11/27. Unit 6 - 2 bedroom 1 bath $995/month includes $50 for water and gas. Leased until 8/21/27. Unit 7 - 2 bedroom 1 bath $1,055/month includes $50 for water and gas. Leased Until 8/1/27. Rent $6340/month, $77,160/year. Boiler replaced in 2024. Roof and windows were replaced in 2022.
Legal: *OLD SID - 11 11-625-035-00 YP CITY 52W-51 N 8/18 OF LOT 4 CROSS & BAGLEY'S ADDITION AND LOT 35& W 4 FT OF LOT 36 STUCKS ADDITION OWNED AND OCCUPIED AS ONE PARCEL.

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Exterior Material

Wood Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Hot Water: Yes

Tenant Pays

Electric: Yes
Gas: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Driveway

Aggregate: Yes

Substructure

Full: Yes

Owner Pays

None: Yes

Possession

Subject To Tenant Rights: Yes

Property Features

Exterior Material: Wood Siding Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Hot Water Driveway: Aggregate Street Type: Paved; Public Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None

Listing Office: The Charles Reinhart Company

Listing Agent: Ayad Ridha

Last Updated: August - 12 - 2026

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