518 N Division Street
Ann Arbor, MI 48104
5
Bed
2
Bath
1,100Sqft
0.08Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 2 Full Baths: 2Water/Sewer
Sewer: PublicRoom Information
Other Rooms: 7 -
Flooring Information
Ceramic Tile, Linoleum, Wood -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer Laundry Features: In Basement -
Heating & Cooling
Heating: Forced Air, Wall Furnace Cooling: Window Unit(s) WaterSource: Public -
Fireplace
Number of Fireplaces: 0 Fireplace Features: 0
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Building Information
Year Built: 1910 Construction Materials: Other Security System: Carbon Monoxide Detector(s), Smoke Detector(s) Basement: Full Roof: Asphalt -
Exterior Features
Porch: Covered, Deck, Porch(es) -
Road Types
Paved -
Fencing
Fenced Back -
Laundry Features
In BasementPatio And Porch
Covered, Deck, Porch(es)Fencing
Fenced Back
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Lot Information
Lot Dimensions: 40 x 66 Lot Description: Level, Sidewalk Lot Size Area: 0.08 Acres Lot Square Feet: 2,614 Stories: 2 Main Square Feet: 1100Property Information
Property Type: Residential Sub Type: Single Family Residence Style: Victorian SQ ft (Living Area): 1,100 Subdivision: Old Fourth Ward Source Neighborhood: Old Fourth Ward Construction Materials: Other Property Age: 116
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Listing Price Information
Listing Id: 26041936 ist Price: $720,000 List Price Tot SqFt: $655 Listing Terms Cash, VA Loan, Conventional -
Listing Information
Possession: Close Of Escrow
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Tax Information
Parcel Number: 09-09-29-102-009 Annual Tax: $7,062 Tax Year: 2025 Taxes: BEG PT E L DIVISION ST 48.75 FT S OF SW COR LOT 12 BLK 24 ORMSBY & PAGES ADD-TH E PAR TO KINGSLEY ST 4 RDS N 40 FT W 4 RDS S 40 FT TO POB SEC 29 T2S R6E
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School Information
Elementary School: Bach Elementary SchoolElementary School District:Junior High School: Slauson Middle SchoolSenior High School: Pioneer High SchoolSenior High School District: Ann Arbor -
Utility Information
Phone Connected, Natural Gas Connected, Cable Connected, High-Speed Internet -
Location Information
Direction: From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2641 Brandywine Drive , Ann Arbor, MI, 48104 | $456,000 | 4 | 2 | 1,696 | 0.27 Acre |
| 4061 Thornoaks Drive, Ann Arbor, MI, 48104 | $1,649,000 | 4 | 4 | 2,944 | 0.65 Acre |
| 3593 Oakwood Street, Ann Arbor, MI, 48104 | $265,000 | 3 | 1 | 864 | 0.25 Acre |
| 3595 E Huron River Drive, Ann Arbor, MI, 48104 | $889,900 | 3 | 3 | 1,283 | 0.65 Acre |
| 2310 Pinecrest Avenue, Ann Arbor, MI, 48104 | $260,000 | 4 | 1 | 1,349 | 0.28 Acre |
| 1455 Chalmers Drive, Ann Arbor, MI, 48104 | $525,000 | 4 | 2 | 2,028 | 0.59 Acre |
| 3081 Overridge Drive, Ann Arbor, MI, 48104 | $2,500,000 | 4 | 5 | 4,500 | 0.46 Acre |
| 2551 Platt Road , Ann Arbor, MI, 48104 | $359,900 | 3 | 1 | 1,008 | 0.21 Acre |
| 2523 Hampshire Road, Ann Arbor, MI, 48104 | $355,000 | 3 | 1 | 986 | 0.22 Acre |
| 2812 Cumberland Avenue, Ann Arbor, MI, 48104 | $335,000 | 3 | 1 | 986 | 0.21 Acre |
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ByOwner last updated this listing 10/12/2026 @ 15:38
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