538 Ashley Street, Ann Arbor, MI, 48103

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.

MLS #

26021390

Listed

5/10/2026

Brokerage

The Charles Reinhart Company

Agent

Elizabeth Brien

Type

Multi Family / 2 to 4 Units

Township

Ann Arbor