$349,900

408 N Hamilton Street, Ypsilanti, MI 48197

  • 3 baths |
  • 2,250 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1929
  • Property Lot Size Icon6,098sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $156/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Fantastic investment opportunity! This fully occupied triplex generates $39,000 in annual gross rental income with three long-term tenants in place. Tenants pay all utilities except water. The main floor unit offers 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a bright sunroom, heated with a forced-air furnace. The upper unit features 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit includes 1 bedroom, 1 full bath, and a full kitchen, with heat provided by a wall unit. Each unit has separate electrical meters and individual hot water tanks. Additional features include a detached garage for storage, a shared basement laundry room, and a shared driveway with ample parking for all three units. Located within walking distance to Eastern Michigan University, this property combines stable income, strong rental demand, and a highly desirable location.

Listing Status:
Active
Date Added:
October 1, 2025 at 05:00AM
Listing Office:
RE/MAX Complete : 248-721-9980
Listing Agent:
Eric Miller : 313-909-0249
MLS ID:
60941363
  • General: DSL Available
  • Appliances: Gas Water Heater
  • Laundry: Common Area
  • Basement: BlockDaylightFinished
  • A/C: Ceiling Fan(s)
  • Heating: BaseboardForced Air
  • General: Wood SidingTwoBasement
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Ypsilanti Public School District
  • County: Washtenaw
  • Zoning: *OLD SID - 11 11-441-397-20 YP CITY 44W-100 S 36 FT OF LOT 397 NORRIS & CROSS ADDITION.
  • Water: Public
  • Source: MiRealSource

This listing courtesy of Eric Miller, RE/MAX Complete

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

Y

Ypsilanti International Elementary School

503 Oak St, Ypsilanti, MI, 48198

Grades PK-5

0.78 miles away

W

Washtenaw International Middle Academy

105 N Mansfield St, Ypsilanti, MI, 48197

Grades 6-8

1.14 miles away

Y

Ypsilanti Community High School

2095 Packard Rd, Ypsilanti, MI, 48197

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.