Renovated Apartment
New
For Sale
$3,199,000
507 E Ann Street, Ann Arbor, MI 48104
Updated apartments with varied layouts and on-site parking are within walking distance of the University of Michigan.
Property SizeContact for details
Days on Market5
Property Features for 507 E Ann Street
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Multi Family Home
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$20,451
Building Details
Year Built
1901
Buildings
1
Units
7
Listing Agency:
Altitude Commercial Real Estat
(248) 404-7281
Listed By:
George Abro · License #6502432561
(248) 404-7281
Source:
Thebrokeragehouse
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 5 at 2:11PM
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 Altitude Commercial Real Estat
Investment Insights
Based on property information with market context.
Built in 1901, this Ann Arbor apartment property at 507 E Ann Street includes 7 units and 15 total beds, with a mix of one-bedroom apartments and larger multi-bedroom layouts. Six on-site parking spaces serve the property. Renovations include new plumbing, electrical systems, insulation, and storm windows. Interiors feature quartz countertops, custom cabinetry, and coordinated high-end finishes throughout the units.
The property is within walking distance of the University of Michigan, Kerrytown Market, downtown restaurants, retail shops, and entertainment. Its unit diversity and proximity to these destinations provide a range of residential configurations in a centrally located Ann Arbor setting.
The property is within walking distance of the University of Michigan, Kerrytown Market, downtown restaurants, retail shops, and entertainment. Its unit diversity and proximity to these destinations provide a range of residential configurations in a centrally located Ann Arbor setting.
Key Highlights
- 7‑unit apartment property with 15 total beds
- Mix of one‑bedroom and larger multi‑bedroom layouts
- 6 on‑site parking spaces
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
6,513
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments with varied layouts and on-site parking are within walking distance of the University of Michigan.
Where is this apartment building located?
The property is located at 507 E Ann Street Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 7‑unit apartment property with 15 total beds; Mix of one‑bedroom and larger multi‑bedroom layouts; 6 on‑site parking spaces
