500 Catherine St Ann Arbor, MI 48104
Old Fourth Ward NeighborhoodEstimated payment $8,423/month
Highlights
- Cooling Available
- Hot Water Heating System
- High Speed Internet
About This Home
Rare opportunity to acquire a well-located multifamily investment property in the Kerrytown area of Ann Arbor. Located at 500 Catherine Street, this property consists of four residential units totaling eight beds, featuring a diverse unit mix of 1- one-bedroom unit, 2- two-bedroom units, and 1- three-bedroom unit. The varied layouts provide broad tenant appeal and flexibility for a range of renters, including students, young professionals, and downtown residents. Positioned just minutes from the University of Michigan and downtown Ann Arbor, the property benefits from strong rental demand, walkability, and proximity to Kerrytown Market, restaurants, retail, and entertainment. This is an attractive opportunity for investors seeking stable cash flow and long-term appreciation in one of Ann Arbor's most desirable rental submarkets.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $18,103
Year Built
- Built in 1910
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 40x104
Home Design
- Brick Exterior Construction
- Composition Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 5 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 8 Parking Spaces
- Driveway
Utilities
- Cooling Available
- Radiant Heating System
- Window Unit Heating System
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Community Details
- Property has a Home Owners Association
- Association fees include water
- 4 Units
Listing and Financial Details
- The owner pays for water
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $18,103 | $390,300 | $0 | $0 |
| 2025 | $14,031 | $371,400 | $0 | $0 |
| 2024 | $13,646 | $342,900 | $0 | $0 |
| 2023 | $12,601 | $294,200 | $0 | $0 |
| 2022 | $15,251 | $348,000 | $0 | $0 |
| 2021 | $14,820 | $343,600 | $0 | $0 |
| 2020 | $14,354 | $347,900 | $0 | $0 |
| 2019 | $13,691 | $348,400 | $348,400 | $0 |
| 2018 | $13,433 | $349,500 | $0 | $0 |
| 2017 | $12,958 | $315,100 | $0 | $0 |
| 2016 | $12,627 | $204,067 | $0 | $0 |
| 2015 | $12,108 | $203,457 | $0 | $0 |
| 2014 | $12,108 | $197,100 | $0 | $0 |
| 2013 | -- | $197,100 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2026 07/28/26 | Price Changed | $1,269,000 | -6.0% | -- |
| 07/13/2026 07/13/26 | For Sale | $1,350,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,230,000 | American Title | |
| Warranty Deed | $600,000 | Lamont Title Corporation | |
| Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $922,500 | New Conventional | |
| Previous Owner | $393,750 | New Conventional | |
| Previous Owner | $450,000 | Unknown |
Source: MichRIC
MLS Number: 26035679
APN: 09-29-105-025
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.