615 Pearl Street, Ypsilanti, MI 48197 (MLS# 26043660)

615 Pearl Street, Ypsilanti, MI 48197

$2,499,000

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

Current Price: $2,499,000 List Date: 8/19/2026 Last Modified: 8/20/2026

Overview

Description

Special investment opportunity at the steps of the Eastern Michigan University campus. This is group 2 of 2 seven property packages - 615 Pearl St, 351 S Mansfield St, 212 N Summit St, 125 N Summit St, 124 N Summit St, 116 N Summit St, 106 N Summit St. Gross rent for these 7 properties is $355,820 for the 2026-27 school year. For specific property information, refer to the individually listed properties. These are well kept properties and opportunities like this are rare. No seller financing. Contact listing agent with any question.

Listing Details MLS# 26043660

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 # Bldgs: 7
Total Parking Spaces: 12
Waterfront: No
School District: Ypsilanti
Association YN: No

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

Remarks Misc

Directions: N Normal St to Pearl St.

Access Feat

Accessibility Features: No

More Information

Property Features

Exterior Material: Shingle Siding; Vinyl Siding; Other Substructure: Crawl Space; 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: Forced Air; Hot Water Street Type: 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 - 20 - 2026

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