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    408 N Hamilton St Ypsilanti, MI 48197

    For Sale
    $349,900

    Triplex - Ypsilanti, MI

    Type:Triplex
    Property size:
    2,250 SF
    Lot size:
    0.14 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 408 N Hamilton St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    Multi-Family,Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    111140109012
    Parking
    5
    Parking features
    Garage
    Interior features
    Laundry Facility, Egress Window(s), High Spd Internet Avail
    Exterior features
    Lighting
    Basement Y/N
    1
    Size
    2,250 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Natural Gas, Wall Furnace
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1929
    Floors in Building
    2
    Building materials
    Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    RE/MAX Complete (248) 417-8724 [email protected]

    Listing agent Eric Miller (248) 721-9980

    Listing date Nov 3, 2025

    MLS# 20251041154 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ypsilanti Triplex Investment Opportunity

    This fully occupied triplex in Ypsilanti, MI, presents a fantastic investment opportunity, generating $39,000 in annual gross rental income. The property features three long-term tenants. The main floor unit includes 3 bedrooms, 1 full bath, a spacious kitchen, hardwood floors, and a sunroom heated with a forced-air furnace. The upper unit offers 2 bedrooms, 1 bath, and a large living room, heated by a boiler system. The basement unit contains 1 bedroom, 1 full bath, and a full kitchen, heated 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. The property is located within walking distance to Eastern Michigan University. The lot size is 0.14 acres, and the property size is 2250 square feet. Tenants are responsible for all utilities except water. This property combines stable income, strong rental demand, and a highly desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6171356
    Latitude
    42.2462839

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    FAQs

    What type of property is this?
    Triplex - Fully occupied triplex near Eastern Michigan University with stable income.
    Where is this triplex located?
    The property is located at 408 N Hamilton St Ypsilanti, MI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Generates an impressive $39,000 in annual gross rental income.; - Fully occupied with three long-term tenants, ensuring consistent cash flow.; - Located within walking distance to Eastern Michigan University.
    (248) 721-9980
    Request Owner's contact information
    408 N Hamilton St Ypsilanti, MI 48197
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    Ypsilanti, MI 48197
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 N Hamilton St Ypsilanti, MI 48197
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