REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 720,000

Est. payment -/mo

Save

Pending

518 N Division Street Ann Arbor, MI 48104

2,614 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Pending

Purchase Type For Sale

Municipality Ann Arbor

Subdivision Old Fourth Ward

MLS Listing ID 26041953

Year Built 1910

Annual Tax Amount $7,062

Tax Year 2025

Lot Size 2,614 Sqft

Acres 0.08

Lot Dimensions 40 x 66

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

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.

Location

State MI

County Washtenaw

Rooms

Basement Full

Interior

Heating Forced Air, Wall Furnace

Cooling Window Unit(s)

Laundry In Basement

Exterior

Parking Features Aggregate, Driveway, Unpaved

Utilities Available Phone Connected, Natural Gas Connected, Cable Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 4

Building

Lot Description Level, Sidewalk

Structure Type Other

New Construction No

Schools

Elementary Schools Bach Elementary School

Middle Schools Slauson Middle School

High Schools Pioneer High School

School District Ann Arbor

Others

Tax ID 09-09-29-102-009

Acceptable Financing VA Loan, Cash, Conventional

Listing Terms VA Loan, Cash, Conventional

Listed by Keller Williams Ann Arbor Mrkt