$539,990

Estimated payment $3,345/month

Total Views 2,723
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.2 Acre Lot
  • Baseboard Heating
  • 2-minute walk to Davis Field
  • 2 Fireplaces

About This Home

30-year DSCR financing available! Excellent investment opportunity in the heart of Kalamazoo. This 7-unit, city-certified multi-family property includes two buildings on one parcel—a 3-unit and a 4-unit—currently generating $5,945/month in gross rent. With strong cash flow, functional layouts, and long-term tenant stability, this asset offers immediate returns and future upside. Utilities are gross leased, with costs annualized and charged back to tenants. Located near Western Michigan University, Kalamazoo College, downtown shops, Bronson Park, and more. Off-street parking included. A prime option for portfolio growth or optional owner-occupancy. Priced at $539,990.

Listing Agent

Ryan Prichard

Keller Williams Realty Rivertown License #6506048360 Listed on: 08/01/2025

Keller Williams Realty Rivertown

Co-Listing Agent

Jeff Glover

Keller Williams Professionals License #6502408794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,613

Year Built

  • Built in 1865

Home Design

  • Composition Roof
  • Shingle Siding
  • Stucco

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 7 Parking Spaces
  • Paved Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System
  • Baseboard Heating
  • Private Sewer

Additional Features

  • 2 Fireplaces
  • 8,712 Sq Ft Lot

Community Details

  • 2 Buildings
  • 7 Units

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,613

Year Built

Built in 1865

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1865
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: IRR
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 7
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Heat Type:Radiant: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Heat Type:Baseboard: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Water:Public Water4: Yes
  • Sewer Private Sewer3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Full, Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Shingle Siding, Stucco
  • List Price: 539990.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Other, Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Shingle Siding: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 7.0
  • General Property Info:Total Parking Spaces: 7.0

Utilities

  • Cooling: Window Unit(s), None
  • Cooling: No
  • Heating: Baseboard, Radiant
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: IRR
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: RES

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Water, Trash, Gas

Multi Family

  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 5612.6
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,794 $207,500 $0 $0
2024 $2,548 $80,100 $0 $0
2023 $3,170 $82,400 $0 $0
2022 $6,007 $86,800 $0 $0
2021 $4,258 $73,800 $0 $0
2020 $4,177 $66,800 $0 $0
2019 $4,562 $59,600 $0 $0
2018 $3,826 $62,300 $0 $0
2017 $4,603 $58,000 $0 $0
2016 $4,603 $54,100 $0 $0
2015 $4,603 $53,600 $0 $0
2014 $4,603 $52,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 For Sale $539,990 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title
Warranty Deed $500,000 Chicago Title
Warranty Deed -- None Available
Warranty Deed -- Chicago Title Of Michigan In
Warranty Deed $150,000 Devon Title
Warranty Deed $165,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $356,000 New Conventional
Previous Owner $736,000 Commercial
Previous Owner $50,000 Commercial
Previous Owner $317,600 Commercial
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25038683

Southwestern Michigan Association of REALTORS®

APN: 06-21-235-434