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Lower Burns Park Multifamily Home for Sale

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    $850,000

    1514 Golden Ave, Ann Arbor, MI 48104

    Attention investors: this is the one you've been waiting for. Steps from the University of Michigan, this Ann Arbor triplex isn't just good — it's a portfolio power move. Two spacious 2-bedroom units plus one bright 1-bedroom are already locked in with above-market rents, so you're cash-flowing from day one. Properties this close to campus rarely hit the market, and when they do, they don't

    Jeffrey Post @properties Christie's Int'lAA

    1514 Golden Ave, Ann Arbor, MI 48104

Why Live in Lower Burns Park

Lower Burns Park, or LoBuPa, in Ann Arbor is a vibrant neighborhood with a strong sense of community and close proximity to the University of Michigan and downtown. The area features a mix of renters, primarily students, and long-term residents, fostering a diverse and dynamic atmosphere. The neighborhood is known for its picturesque streets lined with mature trees, landscaped lots, and a variety of architectural styles, including bungalows and Tudors. Local highlights include Graydon Park, a small green space with a playground, and the larger Burns Park, which offers sports fields, play structures, and walking paths. Residents enjoy community events such as Thursday pizza nights and an annual block party, organized through a long-standing neighborhood email list. Families in LoBuPa have access to highly rated schools, including Burns Park Elementary School, Tappan Middle School, and Pioneer High School. The neighborhood also features Community Day Care, though it has a long waiting list. For things to do, Argus Farm Stop serves as a community hub with a grocery store, coffee shop, and tavern, hosting trivia nights and chef pop-ups. Other local businesses like By the Pound, The Produce Station, and Biercamp emphasize high-quality, locally sourced products. On University of Michigan football game days, the neighborhood buzzes with excitement, though it brings increased noise and traffic. The area is well-connected with bicycle lanes and bus stops, making it easy to navigate without a car. Downtown Ann Arbor offers trendy restaurants and cultural events, while Detroit is 40 miles away, accessible via a commuter bus.

Home Trends in Lower Burns Park, MI

Housing Trends

Median Sale Price
$599,000
Median Single Family Sale Price
$604,500
Median 2 Bedroom Sale Price
$387,000
Average Price Per Sq Ft
$435
Number of Homes for Sale
3
Last 12 months Home Sales
15
Months of Supply
2.40
Median List Price
$622,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
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