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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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500 Catherine St , Ann Arbor, MI 48104
$1,269,000
Est. Payment: $6,534.71/mo
0 Bed
5 Bath
0 Sqft
Status: active | Days on site: 15
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Jim Blehm
Team Owner, Realtor®

House 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.

Highlights

Listed by George Abro , 248-404-7281 Altitude Commercial Real Estat , 248-781-8077. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.1

HOA Fee

Year Built

1910

County

Washtenaw

School District

Ann Arbor

Listing ID

26035679

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Full

Exterior Features

Lot:Sidewalk
Garage Capacity:8
Roof:Composition
Sewer:Public Sewer
Parking Features:Concrete,Driveway
Principal Interest
$6,535
Taxes
$1,509
HOA
$0

Home Price

$1,269,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$253,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,534.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,534.71 $1,508.58 $0.00 $8,043.29
Yearly $78,416.50 $18,103.00 $0.00 $96,519.50
Total $2,352,495.06 $543,090.00 $0.00 $2,895,585.06
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Ann Arbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T01:53:30.000Z

© 2026 MichRIC