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Parchment, MI Multifamily Homes & Duplexes for Sale

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    $500,000

    114 E Thomas St, Kalamazoo, MI 49004

    Solid brick 8-unit apartment building, fully occupied with on-site management. Each unit features 1 bed, 1 bath, private storage, and outdoor parking. Coin laundry for tenant convenience. Strong rental history and low-maintenance design make this a solid, income-producing investment opportunity. Owner financing may be considered for qualified buyers.

    Agent Photo

    Susan Hernandez

    Berkshire Hathaway HomeServices MI

    (269) 367-2546

    114 E Thomas St, Kalamazoo, MI 49004
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    $1,700,000

    503 N Riverview Dr, Parchment, MI 49004

    Exceptional 24-unit apartment complex featuring 23 spacious 1-bedroom units and 1 2-bedroom unit across four solid brick, 3-story buildings (6 units per building). Located in a prime rental market with excellent occupancy history and long-term tenant stability. Property includes 25 total parking spaces (carport and lot parking) and two well-maintained coin laundry rooms for added convenience and

    Adam Atwood Five Star Real Estate

    503 N Riverview Dr, Parchment, MI 49004

Why Live in Parchment

Parchment, Michigan, named after the historic Kalamazoo Vegetable Parchment Company, is a small community with a population of around 2,000. The city is known for its outdoor activities and a "small hometown feel," with residents enjoying proximity to the 40-acre Kindleberger Park and the Kalamazoo River, which is popular for kayaking, paddleboarding, and fishing. The city features a variety of pre-World War II homes, including Cape Cod, ranch-style, and Colonial Revival houses, many of which are surrounded by mature trees. Kindleberger Park, often referred to as the "Jewel of Parchment," offers amenities such as a playground, tennis courts, a stage, and baseball fields, along with winding trails and a gazebo. Nearby, the 186-acre Spring Valley Park and the 160-acre Markin Glen Park provide additional attractions like disc golf, nature trails, and water sports. Dining options in Parchment include Geno's Golden Pizza & Pub, Buen Provecho Mexican Restaurant, and Spad’s Twisters Soft Serve Ice Cream, with more choices available just 4 miles away in downtown Kalamazoo. The Parchment School District serves the community, with Northwood Elementary being highly rated. Residents benefit from access to Kalamazoo’s Metro buses and nearby highways, with U.S. Highway 131 leading to Grand Rapids, about 50 miles north. The area experiences significant snowfall annually and receives its drinking water from Kalamazoo following a past contamination issue.

Home Trends in Parchment, MI

Housing Trends

Median Sale Price
$273,000
Median Single Family Sale Price
$291,000
Average Price Per Sq Ft
$124
Number of Homes for Sale
1
Last 12 months Home Sales
1
Months of Supply
12.00
Median List Price
$309,500
Median Change From 1st List Price
12%
Median Home Sale Price YoY Change
69%
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