Duplex Property Near Downtown Ann
New
For Sale
$720,000
518 N Division Street, Ann Arbor, MI 48104
MULTI_FAMILY - Ann Arbor, MI
Property SizeContact for details
Lot Size0.08 Acres
Days on Market1
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
Bathroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 5
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
Active
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
Last Checked: Aug 11 at 8:06PM
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.
This 1910-built duplex property is currently arranged as a five-bedroom, two-bath residence on a 0.08-acre parcel. The home includes a basement, paved or surfaced parking, and a driveway. Improvements include a furnace installed in 2024, an electrical panel replaced in 2023, a sewer line replacement, granite kitchen countertops, and new air-conditioning and laundry appliances added in 2026. Heating is provided by wall furnace and forced air systems, with window-unit cooling.
The residence is leased from September 1, 2026 through August 15, 2027, with tenants responsible for utilities, including water and sewer. The existing floor plan has been identified as a possible candidate for future separation into two units. The property is located at 518 N Division Street in Ann Arbor’s Kerrytown and Old Fourth Ward areas, near downtown, the University of Michigan, Kerrytown Market & Shops, and the Farmers Market. Its Home Energy Score is 3.
The residence is leased from September 1, 2026 through August 15, 2027, with tenants responsible for utilities, including water and sewer. The existing floor plan has been identified as a possible candidate for future separation into two units. The property is located at 518 N Division Street in Ann Arbor’s Kerrytown and Old Fourth Ward areas, near downtown, the University of Michigan, Kerrytown Market & Shops, and the Farmers Market. Its Home Energy Score is 3.
Key Highlights
- Five‑bedroom, two‑bath residence currently arranged within a duplex‑classified property
- 0.08‑acre parcel at 518 N Division Street, Ann Arbor, MI 48104
- Lease term runs from September 1, 2026 through August 15, 2027
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom residence with a future duplex reconfiguration concept and recent mechanical and electrical updates.
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: Five‑bedroom, two‑bath residence currently arranged within a duplex‑classified property; 0.08‑acre parcel at 518 N Division Street, Ann Arbor, MI 48104; Lease term runs from September 1, 2026 through August 15, 2027
