Address
500 Catherine Street, Ann Arbor, MI
Price
$ 1,269,000
Property Attributes
- MLS#26035679
- TypeMulti-Family
- Listing Status Active
- CountyWASHTENAW
- CityAnn Arbor
- AreaAnn Arbor
- NeighborhoodAnn Arbor
- Zip48104
- Style2 to 4 Units
- Year Built1910
- Taxes$ 18103
- Price$ 1,269,000
- Bedrooms0
- Full Bathrooms5
- Half Bathrooms0
- Lot Size0.1 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
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.
| Price History | |
|---|---|
| 7/13/2026 | Listed $1,350,000 |
| 7/28/2026 | 6$1,269,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water,Radiant |
| Cooling | Window Unit(s) |
| Utilities | Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected |
| Roof | Composition |
| Association Fee Includes | Water |
| Construction Materials | Aluminum Siding,Brick |
| Year Built | 1910 |
| Tenant Pays | Electric,Water,Gas |
| Township | Ann Arbor |
| Property Subtype | 2 to 4 Units |
| Tax Year | 2025 |
| Ownership | Private Owned |
| OwnerPays | Water |
| County | Washtenaw |
| New Construction | No |
| Property Type | Multi Family |
| HOA | Yes |
| Attached Garage | No |
| Status | Active |
| City | Ann Arbor |
| High School District | Ann Arbor |
| Number Of Units Total | 4 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 4356.0 |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 18103.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 390300 |
| MobileHomeRemainsYN | No |
| Legal Description | LOT 1 MAYNARD & GRUNERS SUBDIVISION |
| Senior Community | None |
Interior Features
| Basement | Full |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Laundry Features | In Basement |
| Total Baths | 5 |
Exterior Features
| Parking Features | Concrete,Driveway |
|---|---|
| Lot Features | Sidewalk |
| Total Parking | 8.0 |
| Lot Size Area | 0.1 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 40x104 |
| Lot Size Acres | 0.1 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 48104
Price
Taxes
Year Built
In The Neighborhood
Open House
Ann Arbor
$ 449,900
1860 N Maple Road
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- Type
- Multi-Family
- Rooms
- 0 Beds + 3 Baths
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- Type
- Multi-Family
- Rooms
- 0 Beds + 0 Baths
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$ 737,500
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Ann Arbor, MI 48103
- Type
- Multi-Family
- Rooms
- 0 Beds + 2 Baths
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$ 705,000
233 Collingwood Drive
Ann Arbor, MI 48103
- Type
- Multi-Family
- Rooms
- 0 Beds + 4 Baths
Ann Arbor
$ 999,000
517-515 Oswego Street
Ann Arbor, MI 48104
- Type
- Multi-Family
- Rooms
- 0 Beds + 0 Baths
Ann Arbor
$ 1,049,000
600 Catherine Street
Ann Arbor, MI 48104
- Type
- Multi-Family
- Rooms
- 0 Beds + 3 Baths
Ann Arbor
$ 1,039,000
908 Spring Street
Ann Arbor, MI 48103
- Type
- Multi-Family
- Rooms
- 0 Beds + 0 Baths
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 25, 2026 9:36 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
