Duplex Property Near Downtown Ann
For Sale
$720,000
Pending
518 N Division Street, Ann Arbor, MI 48104
Multi Family, Ann Arbor, MI
Property SizeContact for details
Lot Size0.08 Acres
Days on Market34
Property Features for 518 N Division Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R4C
Bedrooms
5
Full bathrooms
2
Rooms
Basement, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking
4
Parking features
Paved or Surfaced, Driveway
Basement
Full
Subdivision
Old Fourth Ward
Lot features
Level, Sidewalk
Elementary school
Bach Elementary School
Middle school
Slauson Middle School
High school
Pioneer High School
Elementary school district
Ann Arbor
Middle school district
Ann Arbor
High school district
Ann Arbor
Standard status
Pending
APN
09-09-29-102-009
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7062
Utilities
Heating system
Wall Furnace, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1910
Number of units
2
Listing Agency:
Keller Williams Ann Arbor Mrkt · Keller Williams Realty
(734) 995-9400
Listed By:
Kiara Nelson · License #6501400447
(734) 732-3844
Added: Aug 11
Changed: Sep 12
Last Checked: Sep 13 at 11:06PM
MLS# 26041953
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 518 N Division Street in Ann Arbor, this 1910-built property is classified as a duplex and is currently arranged as a five-bedroom, two-bath residence. The layout may support future separation into two units. Recent updates include a furnace installed in 2024, an electrical panel replaced in 2023, and new A/C and laundry appliances added in 2026. Granite countertops complement the kitchen, while the property also includes a basement, forced-air and wall-furnace heating, window-unit cooling, and paved driveway parking.
The property is near downtown Ann Arbor, the University of Michigan, Kerrytown Market & Shops, and the Farmers Market. It is leased from September 1, 2026 through August 15, 2027, with tenants responsible for utilities, including water and sewer. The lot contains 0.08 acres.
The property is near downtown Ann Arbor, the University of Michigan, Kerrytown Market & Shops, and the Farmers Market. It is leased from September 1, 2026 through August 15, 2027, with tenants responsible for utilities, including water and sewer. The lot contains 0.08 acres.
Key Highlights
- Duplex classification with a five‑bedroom, two‑bath existing layout
- Potential future separation into two units
- Leased September 1, 2026 through August 15, 2027
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 48104, MI
41,588
Population
19,173
Households
2.2
Avg Household Size
27
Median Age
82%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
5,332
Density / Sq Mi
$63,341
Median Household Income
$16,073
Median Earnings
$1,548
Median Rent
$481,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom residence with updated mechanical systems, kitchen finishes, and laundry appliances in a walkable Ann Arbor setting.
Where is this duplex located?
The property is located at 518 N Division Street Ann Arbor, MI.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Duplex classification with a five‑bedroom, two‑bath existing layout; Potential future separation into two units; Leased September 1, 2026 through August 15, 2027
