500 Catherine Street, Ann Arbor, MI 48104 (MLS# 26035679)

500 Catherine Street, Ann Arbor, MI 48104

New Listing

$1,350,000

Property Type: Multi Family Lot Size (sq. ft.): 4,356 Status: Active

Current Price: $1,350,000 List Date: 7/13/2026 Last Modified: 7/13/2026

Overview

Description

Opportunity to acquire a well-located multifamily investment property in the Kerrytown area of Ann Arbor. Located at 500 Catherine Street, the property consists of four residential units totaling eight beds, featuring a diverse unit mix of one one-bedroom unit, two two-bedroom units, and one three-bedroom unit. The varied layouts provide broad tenant appeal and exibility 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 benets 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. This property has a gross income of nearly $109,000

Listing Details MLS# 26035679

Location Property Info

County: Washtenaw
Street #: 500
Street Name: Catherine
Suffix: Street
State: MI
Zip Code: 48104

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4356
Lot Acres: 0.1
Lot Dimensions: 40x104
Year Built: 1910
New Construction: No
Financial Available: Yes
Financial Comments: Gross income 108,840
Cert of Compliance: Yes
Road Frontage: 40
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2446
Total Parking Spaces: 8
Waterfront: No
School District: Ann Arbor
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 09-09-29-105-025
Taxable Value: 390300
SEV: 390300
For Tax Year: 2025
Seller's Annual Property Tax: 18103
Tax Year: 2025
Spec Assessment & Ty: 0.00
Homestead %: 0

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

More Information

Unit 1

Unit #: Yes
Unit Description: unit 1 2 beds 1 bath
Occupied: Yes
Monthly Rent: 2170
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Dishwasher: Yes
Range Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Unit 2

Unit #: 2
Unit Description: unit 2 lease pending
Occupied: No
Monthly Rent: 3000
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Unit 3

Unit #: 3
Unit Description: 2 bed 1 bath
Occupied: Yes
Monthly Rent: 1950
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
A/C Unit: Yes
Dishwasher: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Unit 4

Unit #: 4
Unit Description: 1 bed 1 bath
Occupied: Yes
Monthly Rent: 1500
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Location & Property Info

Cross Streets: Division and Catherine
Property Sub-Type: 2 to 4 Units
Municipality: Ann Arbor
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 551.92

Remarks & Misc

Public Remarks: Opportunity to acquire a well-located multifamily investment property in the Kerrytown area of Ann Arbor. Located at 500 Catherine Street, the property consists of four residential units totaling eight beds, featuring a diverse unit mix of one one-bedroom unit, two two-bedroom units, and one three-bedroom unit. The varied layouts provide broad tenant appeal and exibility 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 benets 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. This property has a gross income of nearly $109,000
Legal: LOT 1 MAYNARD & GRUNERS SUBDIVISION

Lot Description

Sidewalk: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

No: Yes

Laundry Features

In Basement: Yes

Exterior Material

Aluminum Siding: Yes
Brick: Yes

Assoc. Fee Incl.

Water: Yes

Roofing

Composition: Yes

Heat Source

Other: Yes

Sale Conditions

None: Yes

Heat Type

Hot Water: Yes
Radiant: Yes

Air Conditioning

Window Unit(s): Yes

Tenant Pays

Electric: Yes
Gas: Yes
Water: Yes

Driveway

Concrete: Yes

Substructure

Full: Yes

Extras

Sep Electric Meter: Yes

Owner Pays

Water: Yes

Property Features

Laundry Features: In Basement Exterior Material: Aluminum Siding; Brick Roofing: Composition Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water Extras: Sep Electric Meter Owner Pays: Water Tenant Pays: Electric; Gas; Water Heat Source: Other Heat Type: Hot Water; Radiant Air Conditioning: Window Unit(s) Driveway: Concrete Street Type: Paved; Public Mineral Rights: No Terms Available: Cash; Conventional Sale Conditions: None Unit 1: A/C Unit; Dishwasher; Range Oven; Refrigerator; Washer/Dryer Unit 2: A/C Unit; Central Air; Dishwasher; Range/Oven; Refrigerator; Washer/Dryer Unit 3: Range/Oven; A/C Unit; Dishwasher; Refrigerator; Washer/Dryer Unit 4: A/C Unit; Dishwasher; Range/Oven; Refrigerator; Washer/Dryer

Listing Office: Altitude Commercial Real Estat

Listing Agent: George Abro

Last Updated: July - 13 - 2026

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