Historic Ann Arbor Multifamily Investment

1136 Prospect St, Ann Arbor, MI 48104

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For Sale

$3,750,000

Iconic 11-unit property near University of Michigan.

Type:Investment

HighLights

Rare investment opportunity in Ann Arbor's iconic row of multi‑family homes, near University of Michigan.
11 units (9 one‑bedroom, 1 two‑bedroom, 1 efficiency) with updated interiors and unique architectural features.
Includes a vacant lot next door, a rare feature for comparable properties, offering future development potential.
Updated electrical, mechanical, and mini‑split systems for efficiency and tenant appeal.
11 parking spaces, a significant amenity in this location.
2026 Certificate of Occupancy permit in place.

We can help!

Listing Contact

Jade Mazzola

Learn more

For Sale

$3,750,000

Iconic 11-unit property near University of Michigan.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 5:43 pm

Property Features for 1136 Prospect St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1901

We can help!

Listing Contact

Jade Mazzola

Listing agent Jade Mazzola

Listing office Berkshire Hathaway HomeServices

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices

HighLights

Rare investment opportunity in Ann Arbor's iconic row of multi‑family homes, near University of Michigan.
11 units (9 one‑bedroom, 1 two‑bedroom, 1 efficiency) with updated interiors and unique architectural features.
Includes a vacant lot next door, a rare feature for comparable properties, offering future development potential.
Updated electrical, mechanical, and mini‑split systems for efficiency and tenant appeal.
11 parking spaces, a significant amenity in this location.
2026 Certificate of Occupancy permit in place.

Overview

Located in the North Burns Park neighborhood, less than half a mile from the University of Michigan, the historic Samuel Miller Residence presents a rare investment opportunity. This meticulously maintained 11-unit property has been updated to meet modern city ordinances. Zoned R4C, the property features nine one-bedroom units, one two-bedroom unit, and one efficiency. Each unit has unique architectural features, private entry, and updated interiors. The property includes 11 parking spaces and a vacant lot next door. Electrical, mechanical, and systems (mini-splits) have been updated to manage efficiency and attract quality tenants. A 2026 Certificate of Occupancy permit is in place. This property is suitable for investors seeking cash flow, appreciation, and future development potential in a lucrative rental market.

Location Intelligence

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Apartment buildings

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Location Insight

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Local Demand

City: Ann Arbor
County: Washtenaw
State: Michigan
Longitude: -83.7347265
Latitude: 42.2678929

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For sale
Apartment buildings
MI
Ann Arbor
48104
1136 Prospect St

What type of property is this?

Apartment building - Iconic 11-unit property near University of Michigan.

Where is this apartment building located?

The property is located at 1136 Prospect St Ann Arbor, MI.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Rare investment opportunity in Ann Arbor's iconic row of multi‑family homes, near University of Michigan.; **11 units** (9 one‑bedroom, 1 two‑bedroom, 1 efficiency) with updated interiors and unique architectural features.; Includes a vacant lot next door, a rare feature for comparable properties, offering future development potential.