Map
Link Copied
Listed price in listed location currency (USD).
$348,900

035

MLS® 20251041154

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2800 sqft
Garage Yes
Taxes $11,352
Lot Size 0.14 acres
Approx. Age 1929
Avg. Price Per Sqft $124
MLS® Number 20251041154

Property Address: 408 N Hamilton St, Ypsilanti, MI, 48197-2852

Average square foot calculated using Size range provided by listing agent.

Description

Fantastic investment opportunity! This fully occupied triplex generates $40, 680 in annual gross rental income with three long-term tenants in place. 2 of the tenants have been in the house for over 15 years and the other tenant has occupied the upstairs for over 5. Tenants pay all utilities. 2 units just renewed for another 12months to February 2027! The third unit plans on renewing their lease in April 2026 for an additional 12 months. 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.
MLS® Number20251041154
Laundry LevelCommon Area, Laundry Room
Central VacNo
FireplaceNo
Acreage0.14
Exterior
GarageYes
Approx. Age1929
BasementDaylight, Finished, Full, Walk Out Access
DrivewayGarage, Shared Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Sep 30, 2025List Date
$348,900List Price
May 31, 2024End Date
$345,000Sold Price

Sold

Apr 17, 2024List Date
$375,000List Price
  • Commute

Commute

Starting Address
Destination Address
408 N Hamilton St, Ypsilanti, MI

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties