Sold
408 N Hamilton Street, Ypsilanti, MI 48197
Sold on 02/25/2026 for$340,000
MLS # 20251041154 (Realcomp)
Built 19290.14 acres
1 / 28
Listing 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.
Source: SparkMLS
About this home
This 3-bath home built in 1929 sits in Midtown in Ypsilanti.
Closed at $340,000.
Estimated annual property tax: $11,352, or about $946 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Fiber internet is available at this address with download speeds up to 5,120 Mbps across 10 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms3
Lot Size0.14 acres
Year Built1929
Location
CityYpsilanti
MunicipalityYpsilanti City
Zip Code48197
CountyWashtenaw
School DistrictYpsilanti
Construction & Systems
ConstructionStucco, Wood Siding
BasementDaylight
HeatingBaseboard, Forced Air
WaterPublic
Sale & Financing
Listed9/30/2025
Sold Date2/24/2026
Original Price$359,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$11,352
Parcel #111140109012
Source: SparkMLS
Legal Description
*OLD SID - 11 11-441-397-20 YP CITY 44W-100 S 36 FT OF LOT 397 NORRIS & CROSS ADDITION.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLHistoric District: Ypsilanti Historic District (2025)
Exterior changes may require Historic District Commission (HDC) approval
Source: City of Ypsilanti Historic District CommissionUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Eric Miller
RE/MAX Complete
Frequently Asked Questions about 408 N Hamilton Street, Ypsilanti, MI 48197
Which school district serves 408 N Hamilton Street, Ypsilanti, MI 48197?
Per MLS# 20251041154, 408 N Hamilton Street, Ypsilanti, MI 48197 is in the Ypsilanti boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ypsilanti directly to confirm enrollment eligibility.
What financing options are available for 408 N Hamilton Street, Ypsilanti, MI 48197?
Per MLS# 20251041154, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 408 N Hamilton Street, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $11,352. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 408 N Hamilton Street, Ypsilanti, MI 48197 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 408 N Hamilton Street, Ypsilanti, MI 48197 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is 408 N Hamilton Street, Ypsilanti, MI 48197 in a historic district?
Per municipal ordinance records, this property is within the Ypsilanti Historic District (2025). Exterior changes to properties in locally-designated historic districts typically require approval from the Historic District Commission. Verify current requirements with the local HDC.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 408 N Hamilton Street, Ypsilanti, MI 48197. The maximum advertised download speed is 5.1 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 408 N Hamilton Street, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Washtenaw County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$2,263
Principal & interest$2,263
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Internet
FiberDownload
5.1 Gbps
Upload
5.1 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteDSLSatellite
10 providers at this address
Metronet HoldingsFiber
5.1 GbpsAT&TFiber
5 GbpsXfinityCable
1.2 GbpsVerizonLicensed Fixed Wireless
300 MbpsStarlinkGSO Satellite
280 MbpsAT&TLicensed Fixed Wireless
100 MbpsAT&TDSL
100 MbpsHughesNetSatellite
100 MbpsViasat IncSatellite
100 MbpsT-MobileLicensed Fixed Wireless
25 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
408 N Hamilton Street, Ypsilanti, MI 48197
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Neighborhood
Midtown
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Community
Ypsilanti
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County
Washtenaw County
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