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217 N Normal Street, Ypsilanti, MI 48197

$384,900
Sq. Ft. 4,061 Beds 8 Full Baths 4 Yr Built 1909
Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group. Currently configured as three separate rental units generating a total of $4,700 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens - one on each level - providing numerous options for future use. Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property's appeal. Whether you're looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a prime rental location, this property presents a rare opportunity you don't want to miss! Showings begin 6/17. A minimum 48-hour notice is required for all showings. Sale is subject to tenants' rights.

Exceptional investment opportunity just steps from Eastern Michigan University! This long-time student rental offers incredible flexibility for investors and owner-occupants alike. Live in one unit and rent the others, continue leasing the units separately, or lease the entire property to a single group. Currently configured as three separate rental units generating a total of $4,700 per month in rental income, with one lease for two units in place through 7/31/2026 and the remaining tenant on a month-to-month agreement. The property features 7/8 bedrooms, four full bathrooms, and four kitchens – one on each level – providing numerous options for future use. Shared laundry is located in the basement, and tenants pay all utilities, with separate electrical meters and shared gas and water service. Ample off-street parking and abundant storage add to the property’s appeal. Whether you’re looking to expand your portfolio, generate immediate cash flow, or build long-term equity in a prime rental location, this property presents a rare opportunity you don’t want to miss! Showings begin 6/17. A minimum 48-hour notice is required for all showings. Sale is subject to tenants’ rights.

Neighborhoods

Listing Info MLS# 26028463

Status
Active
Listed On
June 10, 2026
Days on Mkt
31 Days
Price
$384,900
Square Feet
4,061 Sq Ft
Bed
8 Bedrooms
Bath
4 Full / 0 Half
Type
Single Family Home
Style
Colonial,Victorian
Year Built
1909
Acres
0.24
Basement
Full, Walk-Out Access
Garage
Has Garage: Yes. Attached Garage: No. Garage Spaces: 1.
Appliances
Dryer, Oven, Range, Refrigerator, Washer
Interior
Exterior
City
Ypsilanti, MI
Zip
48197
County
Washtenaw

School Information

District Ypsilanti

Property Taxes and Assessment

Year 2026
Total Tax $12,042
Assessment $148,442

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Listing courtesy of Real Estate One Inc

IDX listing data provided by and Copyright © Ann Arbor Area Board of Realtors Multiple Listing Service.

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED