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.
Active
$1,350,000
500 Catherine St, Ann Arbor, MI 48104
8beds
4baths
--sqft
2 to 4 Units
Built in 1910
-- sqft lot
$1,275,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 3 days |
- 240 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
George Abro 248-404-7281,
Altitude Commercial Real Estat 248-781-8077
Source: MichRIC,MLS#: 26035679
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Hot Water, Radiant
Cooling
- Window Unit(s)
Appliances
- Laundry: In Basement
Features
- Basement: Full
Property
Parking
- Total spaces: 8
- Parking features: Concrete, Driveway
Lot
- Size: 4,356 Square Feet
- Dimensions: 40 x 104
- Features: Sidewalk
Details
- Parcel number: 090929105025
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Aluminum Siding, Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
HOA
- Services included: Water
Location
- Region: Ann Arbor
Financial & listing details
- Tax assessed value: $390,300
- Annual tax amount: $18,103
- Date on market: 7/13/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$1,275,300
$1.21M - $1.34M
$4,843/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for rent | $2,850 |
Source: Zillow Rentals Report a problem | ||
| 7/13/2026 | Listed for sale | $1,350,000+9.8% |
Source:  MichRIC #26035679 Report a problem | ||
| 7/25/2025 | Sold | $1,230,000+105% |
Source: Public Record Report a problem | ||
| 1/28/2005 | Sold | $600,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,600 | $371,400 +8.3% |
| 2024 | -- | $342,900 +16.6% |
| 2023 | -- | $294,200 -15.5% |
| 2022 | -- | $348,000 +1.3% |
| 2021 | -- | $343,600 -1.2% |
| 2020 | $14,354 | $347,900 -0.1% |
| 2019 | -- | $348,400 -0.3% |
| 2018 | -- | $349,500 +10.9% |
| 2017 | $12,627 | $315,100 +54.4% |
| 2016 | $12,627 +4.3% | $204,067 +0.3% |
| 2015 | $12,108 | $203,457 +3.2% |
| 2014 | $12,108 | $197,100 |
| 2013 | $12,108 | $197,100 +1.2% |
| 2012 | -- | $194,800 -16.7% |
| 2011 | -- | $233,900 +0.5% |
| 2010 | -- | $232,700 -6.3% |
| 2009 | -- | $248,400 -0.7% |
| 2008 | -- | $250,100 -0.3% |
| 2007 | -- | $250,800 +1.7% |
| 2005 | -- | $246,700 +8% |
| 2004 | -- | $228,400 +23.2% |
| 2003 | -- | $185,400 +2.5% |
| 2002 | $10,229 +149.9% | $180,800 +2.1% |
| 2001 | $4,094 +2.3% | $177,100 +28.9% |
| 2000 | $4,000 | $137,400 +29.6% |
| 1999 | -- | $106,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Old Fourth Ward
Nearby schools
GreatSchools rating
- 8/10Bach Elementary SchoolGrades: K-5Distance: 0.8 mi
- 9/10Slauson Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Skyline High SchoolGrades: 9-12Distance: 2.3 mi
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- $--6 bd2 ba2.1k sqft506 Catherine St #506CATH, Ann Arbor, MI 48104Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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