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Water Hill Duplex Investment
For Sale
$599,995

612 Spring St, Ann Arbor, MI 48103

Well-maintained duplex with separate entrances, updated roof and appliances, plus in-unit laundry and storage space.

Days on Market56

Property Features for 612 Spring St

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 2

Building Details

Year Built 1901
Tenancy Multi
Listing Agency: Avera Realty
Listed By: Krista Davies · License #6501388642
Source: Elliman
Added: Jun 7 Changed: Jul 10 Last Checked: Aug 1 at 11:51AM

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 Avera Realty

Investment Insights

Based on property information with market context.

This Victorian-style duplex is well maintained and features separate private entrances for both units. The first-floor unit offers two bedrooms and a full bathroom with hardwoods as the primary flooring, along with a bright living area and an expansive kitchen that provides another entrance to the home. The upstairs unit is partially furnished and includes two good-sized bedrooms, a large full bathroom, and a bonus space off the bathroom that can serve as extra storage. Newer LVP flooring runs throughout the upstairs unit, and both units have access to their own washer and dryer, along with the large basement for additional storage. The property also has a new roof and relatively new appliances.

Located on Spring St. in the Water Hill neighborhood, the home is described as walkable to downtown Ann Arbor and nearby Kerrytown, with the University of Michigan Hospital and the college campus also close by. The listing notes bicycle and walkability scores, with the area characterized as car-dependent with some transit.

From an ownership standpoint, the duplex currently has leasing momentum: the upstairs unit is under contract with occupancy starting in August, and the lower unit has had the same tenant for years. The layout supports straightforward live-in or rental use, with each unit maintaining its own entry and in-unit laundry access.

Key Highlights

  • Well‑maintained duplex built in 1901 on Spring St in the Water Hill neighborhood
  • Upstairs unit is under contract with occupancy starting in August; downstairs tenant has stayed for years
  • New roof and relatively new appliances

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,012
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?
Duplex - Well-maintained duplex with separate entrances, updated roof and appliances, plus in-unit laundry and storage space.
Where is this duplex located?
The property is located at 612 Spring St Ann Arbor, MI.
What is the asking price?
The asking price for this property is $599,995.
What are key features of this property?
This property features: Well‑maintained duplex built in 1901 on Spring St in the Water Hill neighborhood; Upstairs unit is under contract with occupancy starting in August; downstairs tenant has stayed for years; New roof and relatively new appliances
More about this property
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