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518 N Division Street Ann Arbor, MI $ 720,000
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518 N Division Street
$ 720,000
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Open House 8/14 2pm - 4pm
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518 N Division Street

Ann Arbor, MI, 48104
$ 720,000
Bedrooms5 Baths2.0 Sq 1,100

Monthly Estimate*

$ 4,546

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Single Family Home for sale in Ann Arbor, MI

for $720,000 with 5 bedrooms and 2 full baths. This 1,100 square foot home was built in 1910 on a lot size of 0.08.

Prime Ann Arbor investment opportunity with $60,000 in contracted annual rental income. This 5-bedroom, 2-bath property is leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants responsible for all utilities, including water and sewer. Recent capital improvements include a new A/C unit and laundry appliances in 2026, new granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Located in the highly desirable Kerrytown/Old Fourth Ward area, just blocks from downtown Ann Arbor, the University of Michigan campus, Kerrytown Market & Shops, and the Ann Arbor Farmers Market. Strong rental location, established income, tenant-paid utilities, and significant recent mechanical and infrastructure updates make this a compelling addition to an Ann Arbor investment portfolio. Home Energy Score of 3. Download report at stream.a2gov.org.

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Open House

8/14/2026 2:00 PM - 4:00 PM
518 N Division Street Ann Arbor, MI
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Single Family Active

Price

$ 720,000

Bedrooms

5

Full Bath

2

Property Type

Single Family

Taxes

$ 7,062

Style

Victorian

Lot Size

0.08

Year Built

1910

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

26041936
Features
General
Sewer Public
Heating Forced Air Wall Furnace
Cooling Window Unit(s)
Utilities Phone Connected Natural Gas Connected Cable Connected High-Speed Internet
Possession Close Of Escrow
Roof Asphalt
Appliances Dishwasher Dryer Microwave Range Refrigerator Washer
Architectural Style Victorian
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Other
Year Built 1910
Stories Count 2
Township Ann Arbor
Property Subtype Single Family Residence
Tax Year 2025
Ownership Private Owned
County Washtenaw
New Construction N
Property Type Residential
Subdivision Name Old Fourth Ward
Garage Y/N N
Total Rooms 7
Full Baths 2
Status Active
Directions From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.
City Ann Arbor
High School District Ann Arbor
Zoning Description R4C
Lot Size Units Acres
Lot Size Square Feet 2614.0
Carport Y/N N
Listing Terms Cash VA Loan Conventional
Land Lease Y/N N
Tax Annual Amount 7062.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 201400
Legal Description BEG PT E L DIVISION ST 48.75 FT S OF SW COR LOT 12 BLK 24 ORMSBY & PAGES ADD-TH E PAR TO KINGSLEY ST 4 RDS N 40 FT W 4 RDS S 40 FT TO POB SEC 29 T2S R6E
Senior Community None
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Interior
Basement Full
Flooring Ceramic Tile Linoleum Wood
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 0
Laundry Features In Basement
Total Bedrooms 5
Below Grade Finished Area 288.0
Main Level Bedrooms 1
Total Baths 2
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Exterior
Lot Features Level Sidewalk
Water Source Public
Lot Size Area 0.08
Spa N
Building Area Total 1100.0
Lot Dimensions 40 x 66
Lot Size Acres 0.08
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 1 518
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* Excluded Features
List By
Keller Williams Ann Arbor Mrkt

Broker

Kiara@NelsonRG.com

Email

Affordability Calculator

$5,135
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,546
Monthly Property Taxes
$589
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
4666464 Elementary School
4664625 Middle School
Pioneer High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/11/2026$720,000 Listed Price

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518 N Division Street, Ann Arbor, MI, 48104 is a Single Family Home for sale at $720,000 with 1,100 sqft and a lot size of 0.08. 518 N Division Street has 5 bedrooms, 2.0 baths, and was built in 1910. The property's zip code is 48104 which is in Ann Arbor, MI

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