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$720,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • 5 Beds
  • 2 Full Baths
  • 1,100 Sq. Ft.
  • Updated 2 days ago
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Prime Ann Arbor investment opportunity with $60,000 in contracted annual rental income. This 5-bedroom, 2-bath property is leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants responsible for all utilities, including water and sewer. Recent capital improvements include a new A/C unit and laundry appliances in 2026, new granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Located in the highly desirable Kerrytown/Old Fourth Ward area, just blocks from downtown Ann Arbor, the University of Michigan campus, Kerrytown Market & Shops, and the Ann Arbor Farmers Market. Strong rental location, established income, tenant-paid utilities, and significant recent mechanical and infrastructure updates make this a compelling addition to an Ann Arbor investment portfolio. Home Energy Score of 3. Download report at stream.a2gov.org.

Full Property Details for 518 N Division St

General

  • Price: $720,000
  • Taxes: $7,062
  • Status: Pending
  • Type: Single Family
  • Source: SWMRIC_MLS
  • MLS ID: 26041936
  • Updated: 8/21/2026
  • Added to Site: 13 day(s) ago

Interior

  • Number of Rooms: 7
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: In Basement

Location

  • County: Washtenaw
  • Subdivision: Old Fourth Ward
  • Cross Streets: E Kingsley St & N. Division St
  • Driving Directions: From downtown Ann Arbor: Head north on Division St; property is between E Kingsley St and E Lawrence St.

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Window Unit(s)
  • Heating Type: Forced Air, Wall Furnace

Utilities

  • Sewer: Public
  • Water: Public
  • Utility Description: Phone Connected, Natural Gas Connected, Cable Connected, High-Speed Internet

Structural Information

  • Construction: Other
  • Basement: Yes
  • Roof: Asphalt
  • Stories/Levels: 2
  • Square Feet: 1,100
  • Living Area: 1,100 Sq. Ft.
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 2,614
  • Lot Dimensions: 40 x 66
  • Frontage: Paved
  • Lot Features: Level, Sidewalk
  • Zoning: R4C

Financial Considerations

  • Tax Amount: $7,062
  • Terms: Cash, VA Loan, Conventional

Disclosures and Reports

  • Legal Description: BEG PT E L DIVISION ST 48.75 FT S OF SW COR LOT 12 BLK 24 ORMSBY & PAGES ADD-TH E PAR TO KINGSLEY ST 4 RDS N 40 FT W 4 RDS S 40 FT TO POB SEC 29 T2S R6E
  • Property ID: 09-09-29-102-009

Listed by Keller Williams Ann Arbor Mrkt, Kiara Nelson and Keller Williams Ann Arbor Mrkt, Dominic Nelson

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Listing agents

— 518 N Division St —

  • Kiara Nelson

    Keller Williams Ann Arbor Mrkt

  • Dominic Nelson

    Keller Williams Ann Arbor Mrkt

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 518 N Division St

School District:Ann Arbor Public Schools
NameGradesDistance
Bach Elementary School
600 West Jefferson Street, Ann Arbor, MI 48103
K-50.9 mi
Ann Arbor Preschool and Family Center
2775 Boardwalk Drive, Ann Arbor, MI 48104
PK-2.7 mi
Slauson Middle School
1019 West Washington Street, Ann Arbor, MI 48103
6-81 mi
Forsythe Middle School
1655 Newport Road, Ann Arbor, MI 48103
6-81.4 mi
Skyline High School
2552 North Maple Road, Ann Arbor, MI 48103
9-122.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 N Division St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/11/2026
Listed
$720,000
26.87%
MLS
9/26/2025
Sold
$567,500
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 518 N Division St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,063
11%
$201,400
2%
2023
$6,337
—
$196,700
9%
2023
$6,337
38%
$180,300
10%
2022
$4,597
—
$164,600
-12%
2022
$4,597
-18%
$187,900
—
2020
$5,600
—
$187,700
-4%
2020
$5,600
5%
$194,900
—
2019
$5,342
8%
$195,000
-1%
2016
$4,927
-3%
$196,100
19%
2017
$5,056
3%
$165,000
12%
2016
$4,927
—
$147,200
13%
2015
$4,918
4%
$130,700
14%
2014
$4,724
4%
$114,900
3%
2013
$4,557
—
$111,500
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Keller Williams Ann Arbor Mrkt, Kiara Nelson and Keller Williams Ann Arbor Mrkt, Dominic Nelson

518 N Division Street, Ann Arbor, MI 48104 (MLS# 26041936) is a Single Family property with 5 bedrooms and 2 full bathrooms. 518 N Division Street is currently listed for $720,000 and was received on August 11, 2026. Want to learn more about 518 N Division Street? Do you have questions about finding other Single Family real estate for sale in Ann Arbor? You can browse all Ann Arbor real estate or contact a Coldwell Banker agent to request more information.

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