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518 N Division Street, Ann Arbor, MI 48104

$720,000
Sq. Ft. 1,100 Beds 5 Full Baths 2 Yr Built 1910
Prime Ann Arbor investment opportunity with $60,000 in contracted annual rental income. This 5-bedroom, 2-bath property is leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants responsible for all utilities, including water and sewer. Recent capital improvements include a new A/C unit and laundry appliances in 2026, new granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Located in the highly desirable Kerrytown/Old Fourth Ward area, just blocks from downtown Ann Arbor, the University of Michigan campus, Kerrytown Market & Shops, and the Ann Arbor Farmers Market. Strong rental location, established income, tenant-paid utilities, and significant recent mechanical and infrastructure updates make this a compelling addition to an Ann Arbor investment portfolio. Home Energy Score of 3. Download report at stream.a2gov.org.

Prime Ann Arbor investment opportunity with $60,000 in contracted annual rental income. This 5-bedroom, 2-bath property is leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants responsible for all utilities, including water and sewer. Recent capital improvements include a new A/C unit and laundry appliances in 2026, new granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Located in the highly desirable Kerrytown/Old Fourth Ward area, just blocks from downtown Ann Arbor, the University of Michigan campus, Kerrytown Market & Shops, and the Ann Arbor Farmers Market. Strong rental location, established income, tenant-paid utilities, and significant recent mechanical and infrastructure updates make this a compelling addition to an Ann Arbor investment portfolio. Home Energy Score of 3. Download report at stream.a2gov.org.

Neighborhoods

Bach Elementary Neighborhood
Downtown Ann Arbor
Walkable to University of Michigan
Properties Near University of Michigan Medical Campus
Kerrytown - Old Fourth Ward
Homes for Sale Walkable to University of Michigan Medical Campus

Listing Info MLS# 26041936

Status
Pending
Listed On
August 11, 2026
Days on Mkt
34 Days
Price
$720,000
Square Feet
1,100 Sq Ft
Bed
5 Bedrooms
Bath
2 Full / 0 Half
Type
Single Family Home
Style
Victorian
Year Built
1910
Acres
0.08
Basement
Full
Garage
Has Garage: No
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Interior
Exterior
City
Ann Arbor, MI
Zip
48104
County
Washtenaw

School Information

District Ann Arbor

Property Taxes and Assessment

Year 2025
Total Tax $7,062
Assessment $201,400

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Listing courtesy of Keller Williams Ann Arbor Mrkt

IDX listing data provided by and Copyright © Ann Arbor Area Board of Realtors Multiple Listing Service.

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED
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    • Andy understands the market in and around Ann Arbor like very few can. He’s in tune with every community’s market and gives great advice for leveraging the best offer possible. Their market knowledge, accessibility, friendliness, and helpfulness are unmatched. Don’t hesitate to choose them as your realtors! I’d be happy to recommend the PiperPartners team to anyone looking to buy a home near Ann Arbor!