507 E Ann Street Ann Arbor, MI $ 3,450,000
507 E Ann Street
$ 3,450,000
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507 E Ann Street

Ann Arbor, MI, 48104
$ 3,450,000
Baths0.0

Monthly Estimate*

$ 21,784

507 E Ann Street, Ann Arbor, MI 48104 - Image 1
507 E Ann Street, Ann Arbor, MI 48104 - Image 2
507 E Ann Street, Ann Arbor, MI 48104 - Image 3
Studio

Multi-Family Home for sale in Ann Arbor, MI

for $3,450,000. This home was built in 1901 on a lot size of 0.11.

Rare opportunity to acquire a fully renovated multifamily asset in the heart of the highly desirable Kerrytown district of Ann Arbor. Located at 507 E Ann Street, the property consists of 7 units with a total of 15 beds and 6 on-site parking spaces, offering a diverse unit mix that includes both one-bedroom apartments and larger multi-bedroom layouts. Extensive renovations have been completed throughout the property, including new plumbing, electrical, insulation, and storm windows, creating a turnkey investment opportunity with strong long-term appeal. Interior furnishings feature quartz countertops, custom cabinetry, and consistent high-end niches throughout all units, providing a cohesive and modern tenant experience. Positioned within walking distance to the University of Michigan, Kerrytown Market, downtown restaurants, retail shops, and entertainment, the property is ideally located for strong tenant demand and long-term rental stability.

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Multi-Family Active

Price

$ 3,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 20,451

Style

5+ Units

Lot Size

0.11

Year Built

1901

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

26035677

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Natural Gas Connected Electricity Connected Cable Connected
Roof Composition
Construction Materials Aluminum Siding
Year Built 1901
Tenant Pays Electric Water Gas
Township Ann Arbor
Property Subtype 5+ Units
Tax Year 2025
Ownership Private Owned
County Washtenaw
New Construction N
Property Type Multi Family
Attached Garage N
Status Active
City Ann Arbor
High School District Ann Arbor
Number Of Units Total 7
Lot Size Units Acres
Lot Size Square Feet 4792.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 20451.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 741802
Legal Description E 1/2 LOT 5 AND W 9 FT LOT 6 PLAT OF G WILCOXSON LAND
Senior Community None
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Interior
Basement Full
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement In Unit Laundry Room
Total Baths 0
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Exterior
Parking Features Concrete Driveway Paved
Lot Features Sidewalk
Total Parking 6.0
Lot Size Area 0.11
Number of Buildings 1
Spa N
Lot Dimensions 46x104
Lot Size Acres 0.11
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 507
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* Excluded Features
List By
Altitude Commercial Real Estat

Broker

George@AltitudeCRE.com

Email

Affordability Calculator

$23,488
Per Month
93%
7%
0%
Monthly Principal & Interest
$21,784
Monthly Property Taxes
$1,704
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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.
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Nearby
4385217 Elementary School
4385218 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/13/2026$3,450,000 Listed Price

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507 E Ann Street, Ann Arbor, MI, 48104 is a Multi-Family Home for sale at $3,450,000 with a lot size of 0.11. 507 E Ann Street is a studio with 0.0 baths and was built in 1901. The property's zip code is 48104 which is in Ann Arbor, MI