518 N Division Street, Ann Arbor, MI 48104

Ann Arbor
Local realty services provided by:Better Homes and Gardens Real Estate Connections
518 N Division Street,Ann Arbor, MI 48104
$720,000
  • 5 Beds
  • 2 Baths
  • 1,100 sq. ft.
  • Single family
  • Active
Upcoming open houses
  • Fri, Aug 14
    02:00 pm - 04:00 pm
Listed by: kiara nelson, dominic nelson
Office: keller williams ann arbor mrkt
MLS#:26041936
Source:MI_MICHRIC

Price summary

  • Price:$720,000
  • Price per sq. ft.:$654.55

About this home

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.

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Home facts

  • Year built:1910
  • Subdivision & Development:Old Fourth Ward
  • Listing ID #:26041936
  • Added:2 day(s) ago
  • Updated:August 13, 2026 at 07:49 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Kitchen Description:Dishwasher, Microwave, Range, Refrigerator
  • Basement:Yes
  • Living area:1,100 sq. ft.

Heating and cooling

  • Heating:Forced Air, Wall Furnace

Structure and exterior

  • Year built:1910
  • Building area:1,100 sq. ft.
  • Lot area:0.08 Acres

Schools

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

Utilities

  • Water:Public

Finances and disclosures

  • Price:$720,000
  • Price per sq. ft.:$654.55
  • Tax amount:$7,062 (2025)

Features and amenities

  • Laundry features:Washer

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