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Water Hill Multifamily Homes & Duplexes for Sale

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    $755,000

    508 W Summit St, Ann Arbor, MI 48103

    Perched atop a corner lot in the always desirable Water Hill, sits this 5 unit apartment building. With strong rents and virtually zero vacancy, this investment features not just location, but some big ticket updates- including a new roof (2022) and new laundry center (2024). All units are either studios or 1 bedroom and all have a full bathroom and kitchen. Driveway parking. Monthly rent roll is

    Jon Keller J Keller Properties, LLC

    508 W Summit St, Ann Arbor, MI 48103
  • /39

    $525,000

    603 Gott St, Ann Arbor, MI 48103

    Discover a rare opportunity in the highly desirable northwest side neighborhood, also known as Water Hill! This well-maintained duplex offers incredible versatility, catering to a variety of investment strategies. Currently configured as 2 separate units, each with 2 bdrms and 1 bthm, this property is ideal for generating consistent rental income. Option to owner occupy 1 unit and rent out the

    Maryann Ryan The Charles Reinhart Company

    603 Gott St, Ann Arbor, MI 48103

Why Live in Water Hill

Water Hill in Ann Arbor is a neighborhood characterized by its colorful Cape Cods, Victorian homes, hilltop ranch-styles, and quaint cottages. Notable among these are The Painted Ladies of Ann Arbor, Victorian homes with pastel exteriors reminiscent of San Francisco's iconic houses. The neighborhood also features modern and colonial-style homes. Water Hill is known for its highly rated schools, including Wines Elementary School, Bach Elementary School, Slauson Middle School, Forsythe Middle School, and Skyline High School, which offers specialized Magnet Programs. Residents enjoy a variety of attractions, such as the Kerrytown Market & Shops, which features a farmers market and boutique stores, and nearby grocery stores like Aldi and Kroger. Dining options include Ann Arbor Distilling Co., Miki Japanese Restaurant, and Zingerman's Delicatessen. The University of Michigan provides additional entertainment and cultural events, including Wolverines football games. Water Hill boasts numerous parks, with Bandemer Park offering kayaking and disc golf, and Kuebler Langford Nature Area and Bird Hills Nature Area providing hilly trails for walking and hiking. Smaller parks like Hunt Park and Mixtwood Pomona Park offer playgrounds and sports courts. The neighborhood has a low crime risk compared to the national average, making it a practical choice for families and individuals alike.

Home Trends in Water Hill, MI

Housing Trends

Median Sale Price
$499,000
Median Single Family Sale Price
$499,000
Median 2 Bedroom Sale Price
$760,000
Median 1 Bedroom Sale Price
$499,500
Average Price Per Sq Ft
$441
Number of Homes for Sale
8
Last 12 months Home Sales
63
Months of Supply
1.50
Median List Price
$599,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-30%
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