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612 Pearl St, Ypsilanti, MI, 48197

5beds
2baths
1,835sqft
$374,000
$204price/sqft
$2,691/moest. monthly cost
$107,640/yrincome needed

About This Home

Can be bought as a single family house.This beautifully renovated 5-bedroom, 2.5-bath home is just three blocks from downtown Ypsilanti. Investment or house hack opportunity located right next to the Eastern Michigan University campus. This 1919 multi bedroom property features a highly flexible rental layout. It can be leased as a traditional whole house rental or operated under its proven co living structure featuring private bedrooms labeled Apts A through E with shared common spaces. The kitchen and bathrooms feature updated cabinets and appliances, adding a fresh, contemporary touch. Enjoy the convenience of complimentary laundry facilities in the basement and ample free parking. Tenants are responsible for all utilities. Location: Active rental corridor just blocks from campus buildings, local dining, downtown Ypsilanti shops,

Getting Around

78
WalkingVery Walkable
55
TransitGood Transit
79
BikeVery Bikeable

Schools

--
3/10
Estabrook SchoolGrades PK,1-80.9 mi
2/10
AC Tech High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1919

Materials

  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Oven,Range,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 5

Features

  • Eat-in Kitchen
  • Flooring: Carpet,Ceramic Tile,Tile,Wood
  • Fireplace: Yes
  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,835
  • Total interior livable area: 1,835 sqft

Property

Details

  • Parcel number: 111140430040
  • Zoning description: R3

Features

  • Stories: 2

Lot

  • Lot size: 10,018 sqft
  • Features: Sidewalk
  • Lot size dimensions: 61.00 x 165.00 feet

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado

FEMA Declared Disasters in Washtenaw County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,891$22,692
Home Insurance *$145$1,740
Property Taxes $455$5,460
Electricity $200$2,401
Total$2,691$32,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$92,262/yr
40% on housing$80,730/yr
45% on housing$71,760/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$204This listing

vs Other Active Listings

Avg $/sqft

ZIP 48197$171
Washtenaw County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 48197$189
Washtenaw County$214

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-19Listed for sale$374,000
2026-05-06Listing removed$250
2026-04-29Listed for rent$250
2025-12-08Listing removed$250
2025-11-04Listed for rent$250
2025-09-23Listing removed$2,750
2025-03-12Listed for rent$2,750
2024-05-06Listing removed--
2024-04-19Listed for rent$2,750
2023-05-18Listing removed--
2023-04-03Listed for rent$2,750
2021-02-03Listing removed--
2020-12-07Pending sale$245,000
2020-11-17Listing removed$245,000
2020-10-22Listed for sale$245,000
2020-07-16Listing removed$2,400
2020-06-29Price change$2,400
2020-05-18Price change$2,250
2020-02-24Listed for rent$2,400
2019-02-14Listing removed$2,400
2018-12-12Listed for rent$2,400
2018-06-07Listing removed$2,500
2018-03-29Listed for rent$2,500
2018-02-02Listing removed$2,500
2017-12-15Listed for rent$2,500
2010-01-21Sold$40,000
2009-09-17Sold$123,561
2004-12-09Sold$173,500

For Sale by Agent

AgentEduardo Herrera-Urena
BrokerageBeal Properties LLC

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