408 N Hamilton Street, Ypsilanti, MI 48197

• 3 baths |
• 2,250 sqft

Property 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.

Listing Status:

Pending

Date Added:

October 1, 2025

Data Last Updated:

February 16, 2026 at 1:46AM

Listing Office:

RE/MAX Complete : 248-721-9980

Listing Agent:

Eric Miller : 313-909-0249

MLS ID:

60941363

Interior

• General: DSL Available
• Appliances: Gas Water Heater
• Laundry: Common Area
• Basement: BlockDaylightFinished
• A/C: Ceiling Fan(s)
• Heating: BaseboardForced Air

Construction

• General: Wood SidingTwoBasement

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• School District: Ypsilanti Public School District
• County: Washtenaw

Lot

• Zoning: *OLD SID - 11 11-441-397-20 YP CITY 44W-100 S 36 FT OF LOT 397 NORRIS & CROSS ADDITION.

Utilities

• Water: Public

Financial

• Source: MiRealSource