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608 Pearl St, Ypsilanti, MI, 48197

9beds
4baths
3,118sqft
$476,000
$153price/sqft
$3,510/moest. monthly cost
$140,400/yrincome needed

About This Home

Investment or house hack opportunity right on the edge of Eastern Michigan University campus. This historic 1884 4 Unit Multifamily property has a total of 3118 square feet. With one active vacancy available, an incoming owner can move right into one unit to house hack, or place a new tenant. Unit Configurations: Unit 1: 3 Bed / 1 Bath layout (800 Sq Ft) Unit 2: 2 Bed / 1 Bath layout (650 Sq Ft) Unit 3: 3 Bed / 1 Bath layout (750 Sq Ft) Unit 4: 1 Bed / 1 Bath layout (600 Sq Ft) Location: Rental corridor just blocks from campus buildings, local dining, downtown Ypsilanti shops, and public transit. Agent and Showing Remarks: Pre Contract: Financial Info Limited To Brochure. Post contract: Coordinate All Buyer Tours Strictly Through Management.

Getting Around

88
WalkingVery Walkable
56
TransitGood Transit
83
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: 1884

Materials

  • Roof: Asphalt,Composition
  • Construction materials: Vinyl Siding,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Historic,Victorian
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Full,Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 4
  • Full bathrooms: 4
  • Main level bedrooms: 9

Features

  • Eat-in Kitchen
  • Window features: Storms,Replacement,Insulated Windows
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 3,118
  • Total interior livable area: 3,118 sqft

Property

Details

  • Parcel number: 111140430041

Features

  • Stories: 2

Lot

  • Lot size: 0.27 Acres
  • Features: Level,Sidewalk
  • Lot size dimensions: 70.00 x 165.00 feet

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 $2,406$28,872
Home Insurance *$185$2,220
Property Taxes $579$6,948
Electricity $340$4,081
Total$3,510$42,120
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$120,342/yr
40% on housing$105,300/yr
45% on housing$93,600/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

$153This 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
2026-08-13Listed for rent$1,105
2026-06-19Listed for sale$476,000
2023-06-05Listing removed--
2023-05-24Price change$930
2023-05-23Price change$1,645
2023-05-15Price change$930
2023-05-14Listed for rent$1,645
2022-04-26Sold$410,000
2016-01-13Listing removed$995
2016-01-07Listed for rent$995

For Sale by Agent

AgentEduardo Herrera-Urena
BrokerageBeal Properties LLC

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