5 days on Rocket
#20251017966, Charise Hinton, Listing office: Hinton Real Estate Group
Property details
About 501 Washtenaw Rd
***Turn-Key Investment Property On Eastern Michigan University’s Campus! This exceptional duplex, zoned R-3, offers incredible income potential just steps from Eastern Michigan University's campus. The lower unit offers 4 bedrooms and 2 full bathrooms, while the upstairs unit has 3 bedrooms and 2 full bathrooms—making it ideal for student housing, multi-family living, or even owner-occupancy. You could make the lower unit your primary homestead and live affordably while generating income from the upper unit. The property features newer shingles, exterior paint, updated mechanicals, plumbing, electric circuit panels, and a newer boiler, ensuring low-maintenance ownership. Enjoy the charm of the large wraparound front porch and the convenience of a generous lot with ample parking spaces. The Certificate of Occupancy is current, and the upper unit is already income-producing. For investors seeking to maximize returns, this property offers room to expand with the potential to add a studio to 1-bedroom unit on the third level that could rent for ~$1,100/month or more. Ultimately, this property is in a prime location—walking distance to Downtown Ypsilanti, Depot Town, and EMU Campus. A short drive to the University of Michigan, Downtown Ann Arbor, and St. Joseph's & U-M Hospitals, as well as easy access to I-94, US-23, and M-14 for effortless commuting. The cherry on the cake: it’s surrounded by local amenities, parks, shopping, and dining. This property is a rare find with immediate cash flow and long-term potential.This property is a rare find with immediate cash flow and long-term potential. Open House Saturday. Showings begin Sunday.
Highlights
Home typeMulti Family
HeatingHot Water, Natural Gas
StatusActive
Size2,506 sqft
BasementYes
Year built1884
MLS #20250007590
Summary
- Full Bathrooms: 4
- Basement: Yes
- Attached Garage: No
- Architectural Style: Colonial, Duplex, Upper Lower Apartment
- Heating: Hot Water, Natural Gas
- List Price: $375,000
- Price/SqFt: $149
- Annual Tax Amount: $3,941
- Tax Year: 2024
- Directions: North On Huron, West On Cross. South On Ballard. West Into The Parking Lot On The Corner Of Washtenaw And Ballard
- Year Built: 1884
- Living Area: 2,506 SqFt
- MLS Number: 20250007590
- MLS Name: Realcomp II Ltd
- Office Name: @properties Christies Intl RE Ann Arbor
- Office Phone: (734) 237-6901
- Listing Agent: Darryn Brundage-Forrest
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 3:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 19, 2023 | Home Sold | $350,000 |
| Sep 20, 2010 | Home Sold | $49,900 |
| May 03, 2002 | Home Sold | $252,500 |
| Apr 02, 1999 | Home Sold | $140,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $162,800 | $3,941 |
| 2023 | $145,700 | $4,066 |
| 2022 | $133,000 | $4,066 |
| 2021 | $128,100 | $4,083 |
| 2020 | $125,200 | $- |
| 2019 | $118,100 | $- |
| 2018 | $104,300 | $3,667 |
| 2017 | $100,100 | $3,592 |
History based on county public records data.
Nearby schools
3
Ypsilanti International Elementary School
Public Magnet PK-5
1.0 mi
•503 Oak St
1
Estabrook Elementary School
Public District 2-5
1.0 mi
•1555 W Cross St
1
Holmes Elementary School
Public District 2-5
1.8 mi
•1255 Holmes Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,632. The majority of Ypsilanti, MI residents have income less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
62%
<35k
30%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
89%
Single, No Kids
4%
Single, with Kids
5%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
1%
12-17 yrs old
72%
18-34 yrs old
20%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Soccer
Continuing Education Courses
Where do the neighbors shop?
Express/Express For Men
Forever 21
Burlington
Where do the neighbors go to eat?
Starbucks
Dominos Pizza
Qdoba
What do the neighbors drive?
Pontiac
Mazda
Volkswagen
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 501 Washtenaw Rd
The listing price of 501 Washtenaw Rd property is $375,000.
The property 501 Washtenaw Rd is a multi located in Ypsilanti, Michigan, 48197.
Active Listing: 501 Washtenaw Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 501 Washtenaw Rd are: Ypsilanti International Elementary School (GreatSchools Rating 3/10), Estabrook Elementary School (GreatSchools Rating 1/10), Holmes Elementary School (GreatSchools Rating 1/10), Washtenaw International Middle Academy (GreatSchools Rating 5/10), Ypsilanti Community Middle School (GreatSchools Rating 1/10), Fortis Academy (GreatSchools Rating 5/10), Washtenaw Alliance for Virtual Education (GreatSchools Rating 3/10), Early College Alliance (GreatSchools Rating 8/10), Washtenaw International High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $3,941 (source: MLS/based on county public records data).
The last sale was on April 19, 2023 for $350,000 (source: MLS/tax record).
The property 501 Washtenaw Rd is 2,506 SqFt (source: MLS/tax record).
The year of construction for 501 Washtenaw Rd is 1884.
This home is located at 501 Washtenaw Rd in Ypsilanti, MI and zip code 48197. This 2,506 square foot home was built in 1884. Features: 4 bathrooms. It has been listed on Rocket Homes since February 4, 2025 and is currently priced at $375,000.
Ypsilanti, MI housing market in June 2025 saw over 33 listings sold above listed price, more than 5 sold at listed price and over 18 sold below. In June 2025 in Ypsilanti, MI there were 7.7% more homes for sale than in May. While the average time on the market in June 2025 was 20 days, the median list price was $284,250.
From Rocket Homes Real Estate and based on county public records data.