$3,450,000

Estimated payment $20,339/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

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 nishes feature quartz countertops, custom cabinetry, and consistent high-end nishes throughout all units, providing a cohesive and modern tenant experience. Positioned within walking distance to the University of Michigan, Kerrytown Market, downtown restaurants, retail, and entertainment, the property is ideally located for strong tenant demand and long-term rental stability.

Listing Agent

George Abro

Altitude Commercial Real Estat License #6502432561 Listed on: 07/13/2026

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,451

Year Built

Built in 1901

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1901
  • General Property Info:Basement: No
  • Waterfront Options:Water Access YN: No
  • General Property Info: Association YN: No
  • Driveway:Driveway: Paved, Concrete
  • Mineral Rights:Mineral Rights: No
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Public Sewer, Public Water
  • Extras:Extras: Sep Electric Meter
  • Lot Description:Lot Description: Sidewalk
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDM1Njc3IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA3LTEzVDIwOjE4OjU0LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE0NjI5IiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.FrGeDIHiyo4sJUlZ_zQ5SoR9iMRL7hnKm7xHYOGPrbY/badge
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: No

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 3450000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Roofing:Roofing: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Concrete
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement, In Unit, Laundry Room
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected, Electricity Connected
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 46x104
  • Lot Size Sq Ft: 4792.0

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 20451.0
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
07/13/2026 07/13/26 For Sale $3,450,000 -- --
Source: MichRIC

Source: MichRIC

MLS Number: 26035677

MichRIC
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