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Ann Arbor, MI Apartment Buildings for Sale

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Renovated Multifamily Building
Updated: Jul 13
Renovated Multifamily Building

507 E Ann Street, Ann Arbor, MI 48104

$3,450,000
0.11 AC lot
7‑unit multifamily property at 507 E Ann St in Ann Arbor’s Kerrytown district, with 15 beds and 6 on‑site parking spaces
Extensive renovations completed, including new plumbing, electrical, insulation, and storm windows throughout the property
One‑bedroom and larger multi‑bedroom unit mix
Interior features include quartz countertops and custom cabinetry
Heating: forced air; cooling: central air
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R4C Zoned Multifamily Apartment Building
Updated: Jun 25
R4C Zoned Multifamily Apartment Building

1506 Packard St, Ann Arbor, MI 48104

$1,485,000
3,744 sqft
Apartment building built in 1924 with 3,744 SF and 6 units
R4C zoning (high‑density residential/student housing)
Location near the University of Michigan and Downtown Ann Arbor
Near the Burns Park area on/near the Packard corridor
Walkable to retail, dining, and transit
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Ann Arbor Multifamily Investment
Ann Arbor Multifamily Investment

320 Koch Ave, Ann Arbor, MI 48103

$1,849,000
4,248 sqft

Six-unit multifamily property in Ann Arbor, fully occupied.

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Downtown Studio Apartment Building
Downtown Studio Apartment Building

315 S Division St, Ann Arbor, MI 48104

$2,950,000
11,324 sqft

Four-story, fully occupied 20-unit building with studio apartments and a low-maintenance brick exterior.

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Renovated Student Rental Property Package
Renovated Student Rental Property Package

1104 Packard Street, Ann Arbor, MI 48104

$3,800,000
6,919 sqft

Two renovated properties near University of Michigan, high-end finishes.

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State Street Sanctuary Multifamily Property
State Street Sanctuary Multifamily Property

1309 S State St, Ann Arbor, MI 48104

$950,400
2,030 sqft

Historic 5-unit building near State Street, Ann Arbor.

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Fully Renovated Multifamily Building
Fully Renovated Multifamily Building

507 E Ann St, Ann Arbor, MI 48104

$3,450,000

Fully renovated 7-unit multifamily property with 15 beds and 6 on-site parking spaces.

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Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 7 Active listings in Ann Arbor, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

12-Unit Residential Income Property
12-Unit Residential Income Property

28214 Oakmonte Cir W, New Hudson, MI 48165

$3,350,000
17,570 sqft

Well-maintained 12-unit condo building with all units occupied and a mix of 2- and 3-bedroom layouts.

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12-Unit Multifamily Condo Building
12-Unit Multifamily Condo Building

28214-28234 Oakmonte Circle West, New Hudson, MI 48165

$3,350,000
17,570 sqft

Well-maintained 12-unit condo building with a mix of 2- and 3-bedroom units, all currently occupied.

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Vacant Multifamily Investment Opportunity
Vacant Multifamily Investment Opportunity

831 Green Road, Ypsilanti, MI 48198

Contact for pricing
168,720 sqft

168-unit multifamily property in Ann Arbor/Ypsilanti submarket.

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Two Multifamily Properties with Parking
Two Multifamily Properties with Parking

211 Ferris St, Ypsilanti, MI 48197

$1,050,000

Two adjacent properties totaling ten rental units near downtown.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University
Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000
3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land
Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000
0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Detached Two-Family Residence
Detached Two-Family Residence

69 Martense Street, Brooklyn, NY 11226

$1,888,888
0.10 AC lot

Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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Off-Market Properties in Ann Arbor, MI

Consider similar Off-Market properties in Ann Arbor, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

509 Linden St
Multifamily properties

509 Linden St, Ann Arbor, MI 48104

Value Estimation by Request
927 sqft
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Ann Arbor, MI Apartment Buildings Market Trends and Statistics

Explore 8 apartment buildings for sale in Ann Arbor, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 28,265 square feet of properties for sale, with an estimated market value of $11,034,400.

Sale prices for two-family homes in Ann Arbor, MI start at $950,400, averaging $2,206,880, and reaching up to $3,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 169K
Population Growth (5Y) +2.0%
Median Household Income $90,855
College Educated 70.9%

High-Yield Neighborhoods for Investment

Identify Ann Arbor submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
48108 $750K
48103 $2.7M
48104 $3.2M

Taxes & Financing

Tax Rate (average for all types) 4.58%
Property Tax per SF $58.28 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Washtenaw County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Washtenaw County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Ann Arbor fall within the 100,000+ square foot range.

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