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518 N Division Street Ann Arbor, MI $ 720,000
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$ 720,000 Get more info
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
Baths0.0

Monthly Estimate*

$ 4,546

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Studio

Multi-Family Home for sale in Ann Arbor, MI

for $720,000. This home was built in 1910 on a lot size of 0.08.

Prime Ann Arbor investment opportunity generating $60,000 in contracted annual rent. Currently configured as a 5-bedroom, 2-bath residence and leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants paying all utilities, including water and sewer. The existing layout may offer potential for future separation into a duplex configuration. Recent improvements include new A/C and laundry appliances in 2026, granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Outstanding Kerrytown/Old Fourth Ward location near downtown Ann Arbor, University of Michigan, Kerrytown Market & Shops, and the Farmers Market. Strong existing income with potential for additional value through future reconfiguration. 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
Multi-Family Active

Price

$ 720,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,062

Style

2 to 4 Units

Lot Size

0.08

Year Built

1910

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

26041953
Features
General
Heating Forced Air Wall Furnace
Cooling Window Unit(s)
Utilities Phone Connected Natural Gas Connected Cable Connected
Construction Materials Other
Year Built 1910
Tenant Pays Electric Water Trash Sewer Gas
Township Ann Arbor
Property Subtype 2 to 4 Units
Tax Year 2025
County Washtenaw
New Construction N
Property Type Multi Family
Attached Garage N
Subdivision Name Old Fourth Ward
Status Active
City Ann Arbor
High School District Ann Arbor
Zoning Description R4C
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 2614.0
Listing Terms VA Loan Cash Conventional
Land Lease Y/N N
Tax Annual Amount 7062.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 201400
Senior Community None
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Interior
Basement Full
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features In Basement
Total Baths 0
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Exterior
Parking Features Aggregate Driveway Unpaved
Lot Features Level Sidewalk
Total Parking 4.0
Lot Size Area 0.08
Number of Buildings 1
Spa N
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 Multi-Family Home for sale at $720,000 with a lot size of 0.08. 518 N Division Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 48104 which is in Ann Arbor, MI

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