507 E Ann St Ann Arbor, MI 48104
Old Fourth Ward NeighborhoodEstimated payment $19,270/month
Highlights
- No HOA
- Laundry Room
- High Speed Internet
- Bach Elementary School Rated A
- Forced Air Heating and Cooling System
- 5-minute walk to Sculpture Plaza
About This Home
Rare opportunity to acquire a fully renovated multifamily asset in the heart of the highly desirable Kerrytown district of Ann Arbor. Located at 507 E Ann Street, the property consists of 7 units with a total of 15 beds and 6 on-site parking spaces, offering a diverse unit mix that includes both one-bedroom apartments and larger multi-bedroom layouts. Extensive renovations have been completed throughout the property, including new plumbing, electrical, insulation, and storm windows, creating a turnkey investment opportunity with strong long-term appeal. Interior furnishings feature quartz countertops, custom cabinetry, and consistent high-end niches throughout all units, providing a cohesive and modern tenant experience. Positioned within walking distance to the University of Michigan, Kerrytown Market, downtown restaurants, retail shops, and entertainment, the property is ideally located for strong tenant demand and long-term rental stability.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,451
Year Built
- Built in 1901
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 46x104
Home Design
- Composition Roof
- Aluminum Siding
Laundry
- Laundry Room
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 6 Parking Spaces
- Driveway
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- 7 Units
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 | $50,064 | $868,200 | $0 | $0 |
| 2025 | $38,803 | $722,300 | $0 | $0 |
| 2024 | $12,386 | $603,100 | $0 | $0 |
| 2023 | $11,437 | $637,400 | $0 | $0 |
| 2022 | $13,842 | $581,400 | $0 | $0 |
| 2021 | $13,451 | $554,900 | $0 | $0 |
| 2020 | $13,028 | $472,800 | $0 | $0 |
| 2019 | $12,427 | $461,200 | $461,200 | $0 |
| 2018 | $12,192 | $384,700 | $0 | $0 |
| 2017 | $11,762 | $366,900 | $0 | $0 |
| 2016 | $9,152 | $185,221 | $0 | $0 |
| 2015 | $10,990 | $184,667 | $0 | $0 |
| 2014 | $10,990 | $178,897 | $0 | $0 |
| 2013 | -- | $178,897 | $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 | $3,199,000 | -7.3% | -- |
| 07/13/2026 07/13/26 | For Sale | $3,450,000 | -- | -- |
Source: MichRIC
MLS Number: 26035677
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Ask me questions while you tour the home.