314 N State Street
Ann Arbor, MI 48104

$1,399,000 $1,300,000

Estimated $/mo*


Square Feet
Estimate Finished Square Feet
2,265 Sq Ft Above Ground
368 Sq Ft Below Ground
Desirable rental in wonderful condition. Great location just a few blocks to main campus, UM Hospital, and Kerrytown. 5 Units, 6 bedrooms with 9 parking spots with possibilities for more in the side yard. Some units have landlord owned furniture. See rent roll (Attached Documents) for current and projected rent. Valid C of O thru March of 2024. Detached 5 car garage with 4 more uncovered parking spots. All new electrical meters (6) and panels (6) for each unit and for the general building. Two furnaces, one is newer. Tenant pays electric, TV/internet, and parking.Showings will need 24-48 hour notice. Listing agent will meet you there. Please make an appointment online.
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  • Income Property

Year Built

  • 1901


  • 3288606

Lot Size

  • 0.2

Number Of Kitchens

  • 5


  • Yes
  • Common/Coin

Number of Units

  • 5

Road Type

  • Public

Taxable Value

  • $25,457

State Equalized Value

  • $463,400


Community - Ann Arbor Area

Ann Arbor, the hub of Washtenaw County, is the sixth largest city in Michigan.  A lively downtown and charming tree-lined neighborhoods make Ann Arbor an ideal place to live, work, and raise a family.

Known for academic excellence, Ann Arbor Public Schools District is consistently ranked one of the best in the country.  Ann Arbor is also home to the University of Michigan, Cleary University, Concordia University and Washtenaw Community College.

You will find a wonderful mix of city advantages and scenic beauty in Ann Arbor.  Nicknamed “Tree Town”, Ann Arbor has more than 2,000 acres of tree lined city parks.  Ann Arbor provides endless recreation opportunities including trails, golf courses, canoeing, tennis courts, athletic fields and more.  One of the most walkable communities in the country, Ann Arbor prides itself on being environmentally friendly with a progressive recycling program and conscious effort to preserve the city’s green space.

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While surrounded by all of this natural beauty, you'll also find that Ann Arbor is less than an hour from the big city advantages Detroit, Michigan has to offer.  Detroit is home to the Detroit Symphony Orchestra, several museums, extraordinary shopping and professional sports team including the Detroit Lions, Pistons, Red Wings and Tigers.

Within a four-hour drive of Ann Arbor are Chicago and Toronto, or take a 25-minute trip to Detroit Metropolitan Airport and the world is at your feet.  Amtrak makes several stops daily in Ann Arbor, connecting passengers to over 450 locations across the country.

There is a very broad range of major employers countywide, many of them located in and near Ann Arbor.  The University of Michigan, the University of Michigan Health System, and the St. Joseph Mercy Health System are among the area's leading employers.  These opportunities allow many of the county's residents to work quite close to home; other residents commute less than an hour to greater Detroit or Lansing.

Whether it's life in a college town that you prefer, or the appeal of a small town conveniently located to a larger urban area, Ann Arbor and Washtenaw County has it all.  Come see why our home is well loved by so many!

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Broker Reciprocity

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange ("IDX") program of Ann Arbor Area Board of Realtors®. Real estate listings held by brokers other than Reinhart Realtors are marked with the IDX Logo. All information is subject to change and should be independently verified.