For Sale
118 Felch Street, Ann Arbor, MI 48103
$698,500
MLS # 26025539 (Michigan Regional Information Center (MichRIC))
4 beds2 baths1,494 sqftBuilt 19100.14 acres
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Listing Description
Exceptional investment opportunity in the heart of Ann Arbor!Well maintained Water Hill duplex located just a couple of blocks from all Kerrytown & downtown.This versatile duplex offers both short-term and long-term income potential with permits already in place for rental and short-term rental use. Unit A is fully updated and currently operating as a successful Airbnb, featuring 2 bedrooms plus a smaller flex room perfect for a home office or guest space, 1.5 bathrooms, private basement access with washer and dryer, and its own private entry. Unit B is a separate 1-bedroom unit with an open living/dining/kitchenette area, updated full bath with tub/shower, laundry with stacked washer/dryer, enclosed rear porch/mudroom, and private entry, currently leased as a rental unit. The property also features a welcoming front porch, fenced backyard, detached two-car garage, and separate/private entrances for both units, offering excellent privacy and functionality for tenants or guests.
Source: SparkMLS
About this home
This 4-bedroom, 2-bath, 1,494 sq ft home built in 1910 sits in Kerrytown in Ann Arbor.
Asking $698,500 (about $468/sq ft).
Annual property taxes run approximately $10,773 ($898/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,494 sqft
Lot Size0.14 acres
Year Built1910
Stories2
Location
CityAnn Arbor
MunicipalityAnn Arbor
Zip Code48103
CountyWashtenaw
School DistrictAnn Arbor
Construction & Systems
StyleColonial, Other
ConstructionAluminum Siding
BasementFull
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet
InteriorEat-in Kitchen
Sale & Financing
Listed5/28/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$10,773
Tax Year2025
Assessed Value$200,529
Parcel #09-09-20-409-015
Source: SparkMLS
Legal Description
LOT 8 ASSESSORS PLAT NO 22
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Haleh Najafi
Real Estate One Inc
Frequently Asked Questions about 118 Felch Street, Ann Arbor, MI 48103
What school district is 118 Felch Street, Ann Arbor, MI 48103 in?
Per MLS# 26025539, this property is served by Ann Arbor. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26025539, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26025539, the most recent reported annual property tax for 118 Felch Street, Ann Arbor, MI 48103 is $10,773 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 118 Felch Street, Ann Arbor, MI 48103 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 118 Felch Street, Ann Arbor, MI 48103 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Washtenaw County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Monthly payment$4,530
Principal & interest$4,530
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
118 Felch Street, Ann Arbor, MI 48103
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Municipality
Kerrytown
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County
Washtenaw County
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