Address
518 N Division Street, Ann Arbor, MI
Price
$ 720,000
Property Attributes
- MLS#26041936
- TypeSingle Family
- Listing Status Pending
- CountyWashtenaw
- CityAnn Arbor
- NeighborhoodOld Fourth Ward
- Zip48104
- StyleVictorian
- Year Built1910
- Taxes$ 7062
- Price$ 720,000
- Bedrooms5
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1100
- Lot Size0.08 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
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.
| Price History | |
|---|---|
| 8/11/2026 | Listed $720,000 |
General Features
| Sewer | Public |
|---|---|
| Heating | Forced Air,Wall Furnace |
| Cooling | Window Unit(s) |
| Utilities | Phone Connected,Natural Gas Connected,Cable Connected,High-Speed Internet |
| Possession | Close Of Escrow |
| Roof | Asphalt |
| Appliances | Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer |
| Architectural Style | Victorian |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Other |
| Year Built | 1910 |
| Stories Count | 2 |
| Township | Ann Arbor |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Ownership | Private Owned |
| County | Washtenaw |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | Old Fourth Ward |
| Garage Y/N | false |
| Total Rooms | 7 |
| Full Baths | 2 |
| Status | Pending |
| Directions | From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St. |
| City | Ann Arbor |
| High School District | Ann Arbor |
| Zoning Description | R4C |
| Lot Size Units | Acres |
| Lot Size Square Feet | 2614 |
| Carport Y/N | No |
| Listing Terms | Cash,VA Loan,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 7062 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Pending |
| Tax Assessed Value | 201400 |
| MobileHomeRemainsYN | No |
| Legal Description | 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 |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Ceramic Tile,Linoleum,Wood |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | In Basement |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 288 |
| Main Level Bedrooms | 1 |
| Total Baths | 2 |
Exterior Features
| Lot Features | Level,Sidewalk |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.08 |
| Spa | No |
| Building Area Total | 1100 |
| Lot Dimensions | 40 x 66 |
| BuyerOfficeFax | 734-995-9401 |
| Lot Size Acres | 0.08 |
| Road Surface Type | Paved |
| Waterfront Y/N | false |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 48104
Price
Taxes
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 23, 2026 4:26 PM UTC
