Active

$720,000

518 N Division St, Ann Arbor, MI 48104

5beds

1,100sqft

$5,514/mo

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Single Family Residence

Built in 1910

3,484 Square Feet Lot

$695,100 Zestimate^®

$655/sqft

$-- HOA

What's special

New granite kitchen countertopsLaundry appliances

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.

3 days

531

18

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 1

Heating

Forced Air, Wall Furnace

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry: In Basement

Features

Flooring: Ceramic Tile, Linoleum, Wood
Basement: Full
Has fireplace: No

Interior area

Total structure area: 1,100
Total interior livable area: 1,100 sqft
Finished area below ground: 288

Property

Features

Stories: 2

Lot

Size: 3,484 Square Feet
Dimensions: 40 x 66
Features: Level, Sidewalk, Ground Cover, Shrubs/Hedges

Details

Parcel number: 090929102009
Zoning description: R4C

Construction

Type & style

Home type: SingleFamily
Architectural style: Victorian
Property subtype: Single Family Residence

Materials

Other
Roof: Asphalt

Condition

New construction: No
Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Phone Connected, Natural Gas Connected, Cable Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision: Old Fourth Ward

Location

Region: Ann Arbor

Financial & listing details

Price per square foot: $655/sqft
Tax assessed value: $201,400
Annual tax amount: $7,062
Date on market: 8/11/2026
Listing terms: Cash,VA Loan,Conventional
Road surface type: Paved

Estimated market value

$695,100

$660,000 - $730,000

$5,139/mo

Price history

Date	Event	Price
8/11/2026	Listed for sale	$720,000+26.9%$655/sqft
Source: MichRIC #26041936 Report a problem
9/26/2025	Sold	$567,500+11.3%$516/sqft
Source: MichRIC #25044994 Report a problem
9/9/2025	Pending sale	$509,900$464/sqft
Source: MichRIC #25044994 Report a problem
9/4/2025	Listed for sale	$509,900$464/sqft
Source: MichRIC #25044994 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,867	$196,700 +9.1%
2024	--	$180,300 +9.5%
2023	--	$164,600 -12.4%
2022	--	$187,900 +0.1%
2021	--	$187,700 -3.7%
2020	$5,600	$194,900 -0.1%
2019	--	$195,000 -0.6%
2018	--	$196,100 +18.8%
2017	$4,927	$165,000 +107.2%
2016	$4,927 +4.3%	$79,625 +0.3%
2015	$4,724	$79,387 +3.2%
2014	$4,724	$76,907
2013	$4,724	$76,907 +2.4%
2012	--	$75,105 +2.7%
2011	--	$73,131 +1.7%
2010	--	$71,909 -0.3%
2009	--	$72,126 +4.4%
2008	--	$69,087 +2.3%
2007	--	$67,534 -49.6%
2005	--	$134,100 +18.5%
2004	--	$113,200 +20.2%
2003	--	$94,200 +11.3%
2002	$3,164 +49.2%	$84,600 -10.9%
2001	$2,121 +2%	$94,900 +28.9%
2000	$2,078	$73,600 +29.6%
1999	--	$56,800