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5-Unit Apartment Building
New
For Sale
$799,000

2053 Abbott Avenue, Ann Arbor, MI 48103

Corner-unit layouts, on-site laundry, and parking support a practical multifamily operation.

Property SizeContact for details
Days on Market3

Property Features for 2053 Abbott Avenue

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Multi Family Home
Zoning R1C

Additional Details

Gross Income $65,100
Highway Access Yes
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $10,506

Amenities

on-site coin-operated laundry

Building Details

Year Built 1960
Buildings 1
Units 5
Listing Agency: J Keller Properties, LLC
Listed By: Jonathon Keller · License #6502370935
Source: Buyatthelake
Added: Aug 21 Changed: Aug 22 Last Checked: Aug 22 at 1:19PM

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 J Keller Properties, LLC

Investment Insights

Based on property information with market context.

This 5-unit apartment building, constructed in 1960, combines two updated residences with three apartments retaining mid-century details such as steel cabinetry and hardwood flooring. Each residence occupies a corner position with windows on three sides, while open layouts and built-in loft-style shelving add functional character. On-site coin-operated laundry and substantial parking serve the building’s residents.

The property is located near campus, downtown Ann Arbor, and M-14, providing access to each of those destinations. A Certificate of Compliance remains valid through 9/2029. Utility costs are paid directly by the tenants.

Key Highlights

  • 5‑unit apartment building constructed in 1960
  • Two updated units plus three apartments with steel cabinets and hardwood floors
  • All units are corner residences with windows on three sides

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Plumbing Service HVAC Service (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

983
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Corner-unit layouts, on-site laundry, and parking support a practical multifamily operation.
Where is this apartment building located?
The property is located at 2053 Abbott Avenue Ann Arbor, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5‑unit apartment building constructed in 1960; Two updated units plus three apartments with steel cabinets and hardwood floors; All units are corner residences with windows on three sides
More about this property
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