Back 408 N Hamilton St
Off Market

408 N Hamilton St

Ypsilanti MI 48197

3
2250 sq. ft.
0.14 ac.
Multi-Family
Last sold for $340,000
Eric MillerEric Miller, last sold this property on 25 February 2026 after 146 days on market.

Overview

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.

Features

3 bathrooms
2250 sq. ft. floor area
0.14 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Ypsilanti over the last 12 months, the estimated median property value of 408 N Hamilton St is $284.5k.

Median value
$284.5k
Estimated value range
$165k - $900k
Median days on market
29
Estimated value trend
-21%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ypsilanti. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 408 N Hamilton St

2026
Sold
$340,000
25 Feb 2026 by Eric Miller, of Remax Complete
2024
Sold
$345,000
18 Jun 2024 by Kirk Glassel, of The Charles Reinhart Company
2018
Sold
$185,000
28 Sep 2018

Happy sellers in Ypsilanti

<50%
Less than 50% of sellers in Ypsilanti reported that their sale price either exceeded or met their price expectations.

Ypsilanti stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Ypsilanti over the last 12 months.

Local market activity for multi families in Ypsilanti

In the last 12 months, 13 multi families similar to 408 N Hamilton St, have been sold.

This represents a 34% increase in multi families sales when compared to the previous 12 months.

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