Properties for sale in Michigan

500 Catherine Street, Ann Arbor, MI 48104

$1,269,000

Property Type: Multi Family Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $1,269,000 List Date: 7/13/2026 Last Modified: 8/03/2026

Overview

Description

Rare opportunity to acquire a well-located multifamily investment property in the Kerrytown area of Ann Arbor. Located at 500 Catherine Street, this property consists of four residential units totaling eight beds, featuring a diverse unit mix of 1- one-bedroom unit, 2- two-bedroom units, and 1- three-bedroom unit. The varied layouts provide broad tenant appeal and flexibility for a range of renters, including students, young professionals, and downtown residents. Positioned just minutes from the University of Michigan and downtown Ann Arbor, the property benefits from strong rental demand, walkability, and proximity to Kerrytown Market, restaurants, retail, and entertainment. This is an attractive opportunity for investors seeking stable cash flow and long-term appreciation in one of Ann Arbor's most desirable rental submarkets.

Listing Details MLS# 26035679

Location Property Info

County: Washtenaw
Street #: 500
Street Name: Catherine
Suffix: Street
State: MI
Zip Code: 48104

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4356
Lot Acres: 0.1
Lot Dimensions: 40x104
Year Built: 1910
New Construction: No
Financial Available: Yes
Financial Comments: Gross income 108,840
Cert of Compliance: Yes
Road Frontage: 40
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2446
Total Parking Spaces: 8
Waterfront: No
School District: Ann Arbor
Association YN: No

Tax Info

Tax ID #: 09-09-29-105-025
Taxable Value: 390300
SEV: 390300
For Tax Year: 2025
Seller's Annual Property Tax: 18103
Tax Year: 2025
Spec Assessment & Ty: 0.00

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: unit 1 2 beds 1 bath
Occupied: Yes
Monthly Rent: 2170
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: unit 2 lease pending
Occupied: No
Monthly Rent: 3000
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: 2 bed 1 bath
Occupied: Yes
Monthly Rent: 1950
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: 1 bed 1 bath
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: In Basement Exterior Material: Aluminum Siding; Brick Roofing: Composition Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water Extras: Sep Electric Meter Owner Pays: Water Tenant Pays: Electric; Gas; Water Heat Source: Other Heat Type: Hot Water; Radiant Air Conditioning: Window Unit(s) Driveway: Concrete Street Type: Paved; Public Mineral Rights: No Terms Available: Cash; Conventional Sale Conditions: None Unit 1: A/C Unit; Dishwasher; Range Oven; Refrigerator; Washer/Dryer Unit 2: A/C Unit; Central Air; Dishwasher; Range/Oven; Refrigerator; Washer/Dryer Unit 3: Range/Oven; A/C Unit; Dishwasher; Refrigerator; Washer/Dryer Unit 4: A/C Unit; Dishwasher; Range/Oven; Refrigerator; Washer/Dryer

Listing Office: Altitude Commercial Real Estat

Listing Agent: George Abro

Last Updated: August - 03 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.