538 S Ashley Street, Ann Arbor, MI 48103
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538 S Ashley Street, Ann Arbor, MI 48103
538 S Ashley Street, Ann Arbor, MI 48103
538 S Ashley Street, Ann Arbor, MI 48103
538 S Ashley Street, Ann Arbor, MI 48103
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Karen Austin

Karen Austin

+1(517) 290-4493
$ 565,000
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538 S Ashley Street Ann Arbor, MI 48103

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Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality Ann Arbor

MLS Listing ID 26021390

Year Built 1901

Annual Tax Amount $11,460

Tax Year 2026

Lot Dimensions 66x68x66x72

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

Exceptional Old West Side duplex set on a mature landscaped lot in a premium location with easy access and walkability to downtown and UM campus. Charming and well maintained, this updated duplex offers a 1st floor 2 bedroom, 1 bath unit with open floor plan and a 2nd floor studio unit with kitchenette & full bath. Shared laundry room has separate entrance for easy access. An enjoyable fenced in backyard has a covered patio area and mature trees for shade. An attached carport is great for car parking or storage for bikes, etc. The paved driveway offers 3 parking spaces. This special property has multiple updates including newer roof, freshly painted exterior, newer covered front porch with eyebrow roof for street appeal, foundation tuck-pointing, newer brick chimney & chimney cap, some electrical updates, newer furnace, humidifier & thermostat, newer hot water heater, some appliances & much more! 1st floor is leased by long-term tenants to July 31, 2027, at $2,020/month for June & July 2026, increasing to $2,100 per month August 1, 2026. 2nd floor studio leased to June 30, 2026, at $1,130 per month, current tenant not renewing & seller not marketing for lease in order to give the buyer the opportunity to select new 2nd floor rental rate and tenant. Seller pays gas & electric (approx. $2,300 last 12 months) and water & sewer (approx. $900 last 12 months). City Rental Housing Certificate of Compliance in effect until January 25, 2028. Don't miss this terrific opportunity for this solid property and location! Home Energy Score of 2. Download report at Ann Arbor herdmap. June & July 2026, increasing to $2,100 per month August 1, 2026. 2nd floor studio leased to June 30, 2026, at $1,130 per month, current tenant not renewing & seller not marketing for lease in order to give the buyer the opportunity to select new 2nd floor rental rate and tenant. Seller pays gas & electric (approx. $2,300 last 12 months) and water & sewer (approx. $900 last 12 months). City Rental Housing Certificate of Compliance in effect until January 25, 2028. Don't miss this terrific opportunity for this solid property and location! Home Energy Score of 2. Download report at Ann Arbor herdmap.

Location

State MI

County Washtenaw

Direction West of S Main between W Madison & W Jefferson

Rooms

Basement Crawl Space, Partial

Interior

Heating Forced Air

Cooling Wall Unit(s), Window Unit(s)

Laundry Electric Dryer Hookup, Common Area, Laundry Room, Main Level, Sink, Washer Hookup

Exterior

Parking Features Concrete, Driveway

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Other

Total Parking Spaces 3

Building

Lot Description Level, Sidewalk, Wooded

Sewer Public Sewer

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Bach Elementary School

Middle Schools Slauson Middle School

High Schools Pioneer High School

School District Ann Arbor

Others

Tax ID 09-09-29-413-009

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by The Charles Reinhart Company

NEARBY SCHOOLS & PROPERTIES

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Karen Austin
Karen Austin

Broker Associate

+1(517) 290-4493 | karenaustin4@gmail.com

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538 S Ashley Street

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