508 W Summit Street Ann Arbor, MI ^$ 755,000

508 W Summit Street

^$ 755,000

Back to search

508 W Summit Street

Ann Arbor, MI, 48103

^$ 755,000

Studio Baths0.0 Sq 1,715

Monthly Estimate*

^$ 4,710

508 W Summit Street, Ann Arbor, MI 48103 - Image 1

508 W Summit Street, Ann Arbor, MI 48103 - Image 2

508 W Summit Street, Ann Arbor, MI 48103 - Image 3

508 W Summit Street, Ann Arbor, MI 48103 - Image 4

508 W Summit Street, Ann Arbor, MI 48103 - Image 5

508 W Summit Street, Ann Arbor, MI 48103 - Image 6

508 W Summit Street, Ann Arbor, MI 48103 - Image 7

508 W Summit Street, Ann Arbor, MI 48103 - Image 8

508 W Summit Street, Ann Arbor, MI 48103 - Image 9

508 W Summit Street, Ann Arbor, MI 48103 - Image 10

508 W Summit Street, Ann Arbor, MI 48103 - Image 11

508 W Summit Street, Ann Arbor, MI 48103 - Image 12

508 W Summit Street, Ann Arbor, MI 48103 - Image 13

508 W Summit Street, Ann Arbor, MI 48103 - Image 14

508 W Summit Street, Ann Arbor, MI 48103 - Image 15

508 W Summit Street, Ann Arbor, MI 48103 - Image 16

508 W Summit Street, Ann Arbor, MI 48103 - Image 17

508 W Summit Street, Ann Arbor, MI 48103 - Image 18

508 W Summit Street, Ann Arbor, MI 48103 - Image 19

508 W Summit Street, Ann Arbor, MI 48103 - Image 20

508 W Summit Street, Ann Arbor, MI 48103 - Image 21

508 W Summit Street, Ann Arbor, MI 48103 - Image 22

508 W Summit Street, Ann Arbor, MI 48103 - Image 23

508 W Summit Street, Ann Arbor, MI 48103 - Image 24

508 W Summit Street, Ann Arbor, MI 48103 - Image 25

508 W Summit Street, Ann Arbor, MI 48103 - Image 26

508 W Summit Street, Ann Arbor, MI 48103 - Image 27

508 W Summit Street, Ann Arbor, MI 48103 - Image 28

508 W Summit Street, Ann Arbor, MI 48103 - Image 29

508 W Summit Street, Ann Arbor, MI 48103 - Image 30

508 W Summit Street, Ann Arbor, MI 48103 - Image 31

508 W Summit Street, Ann Arbor, MI 48103 - Image 32

508 W Summit Street, Ann Arbor, MI 48103 - Image 33

508 W Summit Street, Ann Arbor, MI 48103 - Image 34

508 W Summit Street, Ann Arbor, MI 48103 - Image 35

Studio

Multi-Family Home for sale in Ann Arbor, MI

for $755,000. This 1,715 square foot home was built in 1901 on a lot size of 0.22.

Perched atop a corner lot in the always desirable Water Hill, sits this 5 unit apartment building. With strong rents and virtually zero vacancy, this investment features not just location, but some big ticket updates- including a new roof (2022) and new laundry center (2024). All units are either studios or 1 bedroom and all have a full bathroom and kitchen. Driveway parking. Monthly rent roll is $6,035 with tenants paying utilities via bill back. A great investment opportunity.

Multi-Family Active

Price

^$ 755,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 18,744

Style

Lot Size

0.22

Year Built

1901

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

70463233

Features

General

Heating Forced Air

Cooling None

Status Active Active

Year Built 1901

County Washtenaw

Class MULTIFAMILY

Type Multi-Family

Municipality Ann Arbor

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Ann Arbor (81021)

Primary City Ann Arbor

Directions Summit at Spring.

City Ann Arbor

School District Ann Arbor Public Schools

Financial Terms Cash Conventional

DOM 235

Postal Code 48103

Price Per Sq Ft Total AG 440.23

Public Remarks Perched atop a corner lot in the always desirable Water Hill sits this 5 unit apartment building. With strong rents and virtually zero vacancy this investment features not just location

Exterior

Frontage 82

Lot Size Area 0.22

Lot Dimensions 82 x 116

Lot Description Sidewalks

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 5

Fuel Type Natural Gas

* Excluded Features

List By

Jonathon Keller

Listing Agent

J Keller Properties, Llc

Broker

Jon@JKellerProperties.com

Affordability Calculator

$6,272

Per Month

Monthly Principal & Interest: $4,710
Monthly Property Taxes: $1,562
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Ann Arbor, MI

Average List Price ^$1,467,000

Percent of Sale Price 94%

About Ann Arbor, MI

119,763 Population

5% Since 2002

^$64,208 Median Income

30.65 Median Age

18% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1447815 Elementary School

1447814 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/2/2025	$755,000	-2.58%	Price Down
5/12/2025	$775,000	-2.52%	Price Down
4/21/2025	$795,000		Listed Price

Map

More homes like this one

homes for you

See all

508 W Summit Street, Ann Arbor, MI, 48103 is a Multi-Family Home for sale at $755,000 with 1,715 sqft and a lot size of 0.22. 508 W Summit Street is a studio with 0.0 baths and was built in 1901. The property's zip code is 48103 which is in Ann Arbor, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

508 W Summit Street

Multi-Family Home for sale in Ann Arbor, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home