Address
1013 Fountain Street, Ann Arbor, MI
Price
$ 737,500
Property Attributes
- MLS#26045413
- TypeMulti-Family
- Listing Status Active
- CountyWASHTENAW
- CityAnn Arbor
- AreaAnn Arbor
- NeighborhoodAnn Arbor
- Zip48103
- Style2 to 4 Units
- Year Built1965
- Taxes$ 15621
- Price$ 737,500
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Lot Size0.16 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Great investment opportunity or owner-occupied living in the heart of sought-after Water Hill! Tucked away in a secluded setting, this distinctive Swiss-chalet-style duplex is anything but a typical rental property. Both 2-bedroom, 1-bath units offer open floorplans, updated kitchens and tiled baths, with each unit featuring its own 2-car garage plus private deck and patio. Major recent updates include a new roof in 2025 and new boilers (4 & 6 years ago). Unit 1 is vacant and offers nearly 1600sf - ideally suited for owner-occupied living, featuring a dramatic upper-level loft/family room/flex space with soaring cathedral ceilings & skylights, plus a substantial additional area offering excellent potential for future finishing or abundant storage. Unit 2 is tenant occupied through early October and features skylights in the kitchen & bathroom. Convenient to downtown Ann Arbor, U of M Central Campus, parks, shopping & dining. Home Energy Score of 3. Download report at osi.a2gov.org/herd Current rents of $2,050 and $1,450 per month are below market, presenting an excellent opportunity for increased income and future upside. Certificate of Occupancy in place through April 2028. A rare opportunity to own a distinctive duplex in one of Ann Arbor's most desirable neighborhoods!
| Elementary School | Middle School | High School |
|---|---|---|
| Wines Elementary School | Forsythe Middle School | Skyline High School |
| Price History | |
|---|---|
| 8/27/2026 | Listed $737,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard,Hot Water |
| Cooling | Wall Unit(s) |
| Utilities | Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer |
| Possession | Subject To Tenant Rights |
| Roof | Composition |
| Construction Materials | Block,Stucco,Wood Siding |
| Year Built | 1965 |
| Tenant Pays | Electric,Water,Sewer,Gas |
| Township | Ann Arbor |
| Property Subtype | 2 to 4 Units |
| Tax Year | 2026 |
| Ownership | Private Owned |
| Gross Income | 42000.0 |
| OwnerPays | Trash Collection |
| County | Washtenaw |
| Net Operating Income | 22345.0 |
| Operating Expense | 19655.0 |
| Insurance Expense | 2879.0 |
| New Construction | No |
| Property Type | Multi Family |
| Attached Garage | No |
| MaintenanceExpense | 1200.0 |
| Status | Active |
| Directions | Brooks to Summit,turn N on Fountain |
| City | Ann Arbor |
| High School District | Ann Arbor |
| Zoning Description | R2A |
| Number Of Units Total | 2 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6882.0 |
| Listing Terms | Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 15621.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.smartfloorplan.com/mi/v513023/player.pl |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 231452 |
| MobileHomeRemainsYN | No |
| Legal Description | LOT 68 EXC E 117.39 FT ASSESSORS PLAT NO 46 |
| Senior Community | None |
Interior Features
| Basement | Slab |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Laundry Features | Electric Dryer Hookup,Gas Dryer Hookup,In Unit,Main Level,Upper Level,Washer Hookup |
| Total Baths | 2 |
Exterior Features
| Parking Features | Asphalt,Driveway |
|---|---|
| Total Parking | 4.0 |
| Lot Size Area | 0.16 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 55x125 |
| Lot Size Acres | 0.16 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 48103
Price
Taxes
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 26, 2026 7:18 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
