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$720,000 Sale Pending

  • For Sale
  • Pending
  • Single Family
  • Updated 2 days ago
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Prime Ann Arbor investment opportunity generating $60,000 in contracted annual rent. Currently configured as a 5-bedroom, 2-bath residence and leased at $5,000/month from September 1, 2026 through August 15, 2027, with tenants paying all utilities, including water and sewer. The existing layout may offer potential for future separation into a duplex configuration. Recent improvements include new A/C and laundry appliances in 2026, granite kitchen countertops, furnace in 2024, and electrical panel in 2023. Outstanding Kerrytown/Old Fourth Ward location near downtown Ann Arbor, University of Michigan, Kerrytown Market & Shops, and the Farmers Market. Strong existing income with potential for additional value through future reconfiguration. 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: 26041953
  • Updated: 8/21/2026
  • Added to Site: 13 day(s) ago

Rooms

Other Rooms

  • Laundry: In Basement

Parking

  • Total Spaces: 4
  • Parking Features: Aggregate, Driveway, Unpaved

Location

  • County: Washtenaw
  • Subdivision: Old Fourth Ward
  • Cross Streets: E Kingsley St & N. Division St

Heating & Cooling

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

Utilities

  • Utility Description: Phone Connected, Natural Gas Connected, Cable Connected

Structural Information

  • # Buildings: 1
  • Construction: Other
  • Basement: Yes
  • 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: VA Loan, Cash, Conventional
  • Landlord Pays: None
  • Tenant Pays: Electricity, Water, Trash, Sewer, Gas

Disclosures and Reports

  • 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!

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NMLS#: 1598647

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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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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# 26041953) is a Single Family property with 0 bedrooms and 0 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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