Updated Two-Unit
For Sale
$569,000
Pending
1734 Abbott Avenue, Ann Arbor, MI 48103
Separate upper and garden-level residences include shared laundry, a backyard patio, and three parking spaces.
Property Size1,872 SF
Days on Market52
Property Features for 1734 Abbott Avenue
General Information
Standard status
Pending
Size
1,872 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Site & Location
Neighborhood
Virginia Park Neighborhood Association
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
shared laundry
backyard patio
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Howard Hanna Real Estate
Listed By:
Stephanie Flood · License #afloodste103
(734) 646-7337
Source:
Bhhssnyder
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 1 at 2:49AM
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 Howard Hanna Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two updated residences with distinct layouts. The upper unit offers three bedrooms, LVP flooring in the living room and bedrooms, tile finishes in the kitchen and bath, granite countertops, and stainless appliances. The garden-level unit includes two bedrooms, daylight windows, a spacious living room, a full bath, and its own stainless-and-granite kitchen.
Shared laundry, a backyard patio, and three parking spaces serve the property. The home is located at 1734 Abbott Ave in Ann Arbor, near downtown Ann Arbor, U-M, Kerrytown, shopping, dining, and parks. A current City of Ann Arbor Rental C of O is in place, and the property has a Home Energy Score of 5. Built in 1955.
Shared laundry, a backyard patio, and three parking spaces serve the property. The home is located at 1734 Abbott Ave in Ann Arbor, near downtown Ann Arbor, U-M, Kerrytown, shopping, dining, and parks. A current City of Ann Arbor Rental C of O is in place, and the property has a Home Energy Score of 5. Built in 1955.
Key Highlights
- Two‑unit duplex with an upper three‑bedroom residence and a garden‑level two‑bedroom residence
- Upper unit features LVP flooring, tile finishes, granite countertops, and stainless appliances
- Garden‑level unit includes daylight windows and a stainless‑and‑granite kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,259
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,180
$485.2K
Cap Rate 7%
$346,557
$346.6K
Cap Rate 9%
$269,544
$269.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$37.1K $19.80/SF
− Vacancy
−$2.4K −$1.29/SF
EGI
$34.7K $18.51/SF
− OpEx
−$10.4K −$5.55/SF
NOI
$24.3K $12.96/SF
Area
Ann Arbor, MI
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,180
Cap Rate 7%
$346,557
Cap Rate 9%
$269,544
Alternative Uses
Best Use
Multifamily LT 5
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$304.3K
$266.2K – $355.0K
NOI $21,299 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$413.4K
$361.8K – $482.4K
NOI $28,941 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and garden-level residences include shared laundry, a backyard patio, and three parking spaces.
Where is this duplex located?
The property is located at 1734 Abbott Avenue Ann Arbor, MI.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Two‑unit duplex with an upper three‑bedroom residence and a garden‑level two‑bedroom residence; Upper unit features LVP flooring, tile finishes, granite countertops, and stainless appliances; Garden‑level unit includes daylight windows and a stainless‑and‑granite kitchen
