518 N Division Street, Ann Arbor, MI 48104

Ann Arbor
Local realty services provided by:ERA Reardon Realty
518 N Division Street,Ann Arbor, MI 48104
$720,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: kiara nelson, dominic nelson
Office: keller williams ann arbor mrkt
MLS#:26041953
Source:MI_MICHRIC

Price summary

  • Price:$720,000

About this home

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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Home facts

  • Year built:1910
  • Subdivision & Development:Old Fourth Ward
  • Listing ID #:26041953
  • Added:5 day(s) ago
  • Updated:August 16, 2026 at 10:50 PM

Rooms and interior

  • Basement:Yes

Heating and cooling

  • Heating:Forced Air, Wall Furnace

Structure and exterior

  • Year built:1910
  • Lot area:0.08 Acres

Schools

  • High school:Pioneer High School
  • Middle school:Slauson Middle School
  • Elementary school:Bach Elementary School

Finances and disclosures

  • Price:$720,000
  • Tax amount:$7,062 (2025)

Parking

  • Total parking spaces:4

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