518 N Division Street Ann Arbor, MI ^$ 720,000

518 N Division Street

^$ 720,000

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Recently Listed

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, electrical panel in 2023, and sewer line replacement. 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.

Single Family Active

Price

^$ 720,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 7,062

Style

Lot Size

0.08

Year Built

1910

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

70551592

Features

General

Heating Wall Heat Forced Air

Water Public Water

Appliances Dishwasher Dryer Microwave Range/Oven Refrigerator Washer

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1910

Water Heater Gas

County Washtenaw

Class RESIDENTIAL

Type Single Family

Municipality Ann Arbor

New Construction Y/N No

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Ann Arbor (81021)

Primary City Ann Arbor

Directions From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.

City Ann Arbor

School District Ann Arbor Public Schools

Financial Terms Cash Conventional VA

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

DOM 0

Postal Code 48104

Price Per Sq Ft Total AG 654.55

Public Remarks 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

Exterior

Exterior Other

Frontage 40

Lot Size Area 0.08

Pool (Y/N) No

Lot Dimensions 40 x 66

Roads City/County Paved Street

Waterfront Y/N No

Interior

Beds 5

Fireplace? No

Total Rooms 7

* Excluded Features

List By

Kiara Nelson

Listing Agent

Keller Williams Ann Arbor Mrkt

Broker

Kiara@NelsonRG.com

Affordability Calculator

$5,135

Per Month

Monthly Principal & Interest: $4,546
Monthly Property Taxes: $589
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Single family listings in Ann Arbor, MI

Average List Price ^$862,171

Percent of Sale Price 20%

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
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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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518 N Division Street

Single Family Home for sale in Ann Arbor, MI

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