$670,000
SOLD JUL 17, 2024

232 E Michigan Ave Kalamazoo, MI 49007

Central Business District Neighborhood
1 Bed
5 Baths
3,400 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$197 Per Sq Ft

10% Below List Price

76 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • Historic Home

About This Home

As of July 2024

SELLER FINANCING AVAILABLE! This property located at 232 E Michigan Ave, Kalamazoo, MI, is a mixed use building. The first floor is a commercial space, currently leased by a successful Pizza Shop. The second floor contains two, 1 Bed / 1 Bath residential units that are both currently rented. Entire second floor rehabbed in 2019 with all new finishes, new windows, on-demand water heaters, in unit washer/dryer, dishwasher, and stainless steel appliances, and exposed brick. Current deal in place for parking spots for units behind the building. The back of the building backs up to Bates Alley which includes a great piece of Kalamazoo nightlife. Great cash flowing property. Overall, this property offers a spacious and well-designed living space with a rich history, making it an appealing option for those seeking a investment property in Kalamazoo, MI. Contact for financials.

Last Agent to Sell the Property

Scott Rubin

Andover Real Estate dba Houzeo Michigan License #6502377975 Listed on: 02/23/2024

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,881

Year Built

  • Built in 1940

Lot Details

  • 1,742 Sq Ft Lot
  • Historic Home

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Stone Foundation

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 3 Units
  • Original Plat City Of Kalamazoo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0615378198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,881

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Historic, Traditional
  • Architecture Level: 2 Story
  • Year Built: 1940
  • State Equalized Value: 220100.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.30
  • Full Bathrooms: 2
  • Half Bathrooms: 3
  • Basement: Yes
  • Basement Type: Interior Entry, Partially Finished, Private
  • Sq Ft Combined: 3400
  • Total Sq Ft: 3400
  • Sq Ft Total Bsmt: 1700

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block, Brick/Mortar, Stone
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing), Sewer at Street
  • Water Source: Public (Municipal)

Schools

  • School District: Kalamazoo

Lot Info

  • Lot Size Area: 0.04
  • Lot Dimensions: Irregular
  • Parcel Number: 0615378198
  • Zoning: Multiple

Rental Info

  • Monthly Rental Income: 6066

Tax Info

  • Taxable Value: 151600.0000

Multi Family

  • Gross Scheduled Income: 72803.64
  • Number Of Units Total: 3
  • Number of Loft Units: 1
  • Number of One Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Kalamazoo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Jul 16, 2024
Sold by
10Th Street Enterprises Llc
Bought by
Arjuna Dhananjaya Llc
Seller's Agent
Scott Rubin
Andover Real Estate dba Houzeo Michigan
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$745,000
Sold Price
$670,000
Premium/Discount to List
-$75,000
-10.07%
Views
95

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.60%

Purchase Details

Closed on
Jul 13, 2016
Sold by
Stamos Spring and Stamos Gray Jacqueline
Bought by
Vaishak Properties Llc

Purchase Details

Closed on
Jul 1, 2013
Sold by
Stamos Peter S and Stamos Julie B
Bought by
Stamos Peter S and Peter S Stamos Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Contract Of Sale -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed -- Nations Title Agency
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $736,000 0.0% $227 / Sq Ft
07/01/2025 07/01/25 Off Market $736,000 -- --
06/06/2025 06/06/25 Price Changed $736,000 -2.5% $227 / Sq Ft
05/07/2025 05/07/25 Price Changed $755,000 -2.6% $233 / Sq Ft
04/08/2025 04/08/25 For Sale $775,000 +15.7% $239 / Sq Ft
07/17/2024 07/17/24 Sold $670,000 -3.6% $197 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
03/14/2024 03/14/24 Price Changed $695,000 -6.7% $204 / Sq Ft
02/23/2024 02/23/24 For Sale $745,000 -- $219 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,881 $230,400 $0 $0
2024 $4,881 $227,500 $0 $0
2023 $4,652 $220,100 $0 $0
2022 $10,278 $215,600 $0 $0
2021 $9,941 $198,800 $0 $0
2020 $9,755 $177,400 $0 $0
2019 $9,400 $168,800 $0 $0
2018 $9,183 $132,100 $0 $0
2017 $6,224 $128,500 $0 $0
2016 $6,224 $118,600 $0 $0
2015 $6,224 $117,600 $0 $0
2014 $6,224 $112,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark White

    Seller's Agent in 2025

    Mark White

    EXP Realty - Mark White & Associates

    (248) 283-4913

    185 Total Sales

    Mark White
    Section Image
  • Yousif Oraha

    Seller Co-Listing Agent in 2025

    Yousif Oraha

    EXP Realty - Mark White & Associates

    (248) 346-0745

    Yousif Oraha
    Section Image
  • Scott Rubin

    Seller's Agent in 2024

    Scott Rubin

    Andover Real Estate dba Houzeo Michigan

    (248) 206-5622

    1 in this area

    92 Total Sales

    Scott Rubin
    Section Image

  • U

    Buyer's Agent in 2024

    Unidentified Agent

    Unidentified Office

See All Agents

Map

Source: Realcomp

MLS Number: 20240011236

Realcomp

APN: 06-15-378-198

Michigan Kalamazoo County Kalamazoo 49007 Central Business District

232 E Michigan Ave, Kalamazoo, MI

This home is located at 232 E Michigan Ave, Kalamazoo, MI 49007 and is currently priced at $670,000, approximately $197 per square foot. This property was built in 1940. 232 E Michigan Ave is a home located in Kalamazoo County with nearby schools including Edison Environmental Science Academy, Maple Street Magnet School for the Arts, and Loy Norrix High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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