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

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

Multi-Family Active

Price

^$ 720,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,062

Style

Lot Size

0.08

Year Built

1910

Town/City

Ann Arbor

County/Region

Washtenaw

MLS | Web ID

70551614

Features

General

Heating Wall Heat Forced Air

Status Active Active

Year Built 1910

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

City Ann Arbor

School District Ann Arbor Public Schools

Financial Terms Cash Conventional VA

DOM 0

Postal Code 48104

Public Remarks 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

Exterior

Exterior Other

Frontage 40

Lot Size Area 0.08

Lot Dimensions 40 x 66

Lot Description Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* 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

Multi-family listings in Ann Arbor, MI

Average List Price ^$1,020,161

Percent of Sale Price 42%

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 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

*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

Multi-Family Home for sale in Ann Arbor, MI

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