Property Type:
Multi Family
Lot Size (sq. ft.):
2,614
Status:
Active
Current Price:
$720,000
List Date:
8/11/2026
Last Modified:
8/11/2026
518 N Division Street, Ann Arbor, MI 48104
New Listing
$720,000
Overview
Description
Open Houses
- Friday, August 14, 2:00 pm - 4:00 pm
Listing Details MLS# 26041953
Location Property Info
- County
- Washtenaw
- Street #
- 518
- Street Direction
- N
- Street Name
- Division
- Suffix
- Street
- State
- MI
- Zip Code
- 48104
- Zip (4)
- 1136
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 2614
- Lot Acres
- 0.08
- Lot Dimensions
- 40 x 66
- Year Built
- 1910
- New Construction
- No
- Road Frontage
- 40
- Total # Units
- 2
- # of Diff Unit Floor Plans
- Yes
- Total # Bldgs
- Yes
- Total Parking Spaces
- 4
- Waterfront
- No
- School District
- Ann Arbor
- Elementary School
- Bach Elementary School
- Middle School
- Slauson Middle School
- High School
- Pioneer High School
- Association YN
- No
- Basement
- Yes
Tax Info
- Tax ID #
- 09-09-29-102-009
- Taxable Value
- 201400
- SEV
- 201400
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 7062
- Tax Year
- 2025
- Zoning
- R4C
- Homestead %
- 0
- Spec Assessment & Ty
- No
Access Feat
- Accessibility Features
- No
Unit 1
- Unit Description
- Unit 1
- Bathrooms
- Yes
- Full Baths
- Yes
More Information
Unit 2
- Unit Description
- Unit 2
- Bathrooms
- Yes
- Full Baths
- Yes
Location & Property Info
- Cross Streets
- E Kingsley St & N. Division St
- Property Sub-Type
- 2 to 4 Units
- Municipality
- Ann Arbor
- Subdivision
- Old Fourth Ward
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- 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, 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.
Lot Description
- Level
- Yes
- Sidewalk
- Yes
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- None
- Yes
Utilities Attached
- Cable Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
- VA Loan
- Yes
Laundry Features
- In Basement
- Yes
Exterior Material
- Other
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
- Wall Furnace
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Driveway
- Aggregate
- Yes
- Unpaved
- Yes
Substructure
- Full
- Yes
Owner Pays
- None
- Yes
Property Features
Laundry Features:
In Basement
Exterior Material:
Other
Substructure:
Full
Lot Description:
Level; Sidewalk
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Cable Connected; Natural Gas Connected; Phone Connected
Util Avail at Street:
None
Owner Pays:
None
Tenant Pays:
Electric; Gas; Sewer; Trash; Water
Heat Source:
Natural Gas
Heat Type:
Forced Air; Wall Furnace
Air Conditioning:
Window Unit(s)
Driveway:
Aggregate; Unpaved
Street Type:
Paved; Public
Terms Available:
Cash; Conventional; VA Loan
Sale Conditions:
None
Listing Office:
Keller Williams Ann Arbor Mrkt
Listing Agent:
Kiara Nelson
Last Updated: August - 11 - 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.
