Address
518 N Division Street, Ann Arbor, MI
Price
$ 720,000
Property Attributes
- MLS#26041936
- TypeSingle Family
- Listing Status Pending
- CountyWASHTENAW
- CityAnn Arbor
- AreaAnn Arbor
- NeighborhoodAnn Arbor
- 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Bach Elementary School | Slauson Middle School | Pioneer High School |
| 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 | No |
| Property Type | Residential |
| Subdivision Name | Old Fourth Ward |
| Garage Y/N | No |
| 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 | 2614.0 |
| Carport Y/N | No |
| Listing Terms | Cash,VA Loan,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 7062.0 |
| 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 | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Laundry Features | In Basement |
| Total Bedrooms | 5 |
| Below Grade Finished Area | 288.0 |
| 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 | 1100.0 |
| Lot Dimensions | 40 x 66 |
| BuyerOfficeFax | 734-995-9401 |
| Lot Size Acres | 0.08 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| 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 24, 2026 9:52 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
