Exceptional investment opportunity in the heart of Kalamazoo! This historic multi-unit property offers five rental units brimming with character and income potential. The main floor features two one-bedroom apartments, while the second level provides another one-bedroom unit along with a charming studio. The third story showcases a spacious two-bedroom apartment, full of light and personality. Inside, you'll find a blend of updates across the units, with some apartments featuring refreshed kitchens and bathrooms, and hardwood floors. Throughout the property, historic details remain intact, from the original trim to the ornately crafted staircase railing, capturing the architectural beauty of the era. The property includes ample off-street parking and retains its original carriage house, adding to its historic appeal. Just blocks from local college campuses and the vibrant downtown scene, this location is perfect for attracting long-term tenants who value both convenience and charm. Whether you're expanding your portfolio or just beginning, 232 Woodward is a rare chance to own a Kalamazoo classic with strong rental potential.
Active
$475,000
232 Woodward Ave, Kalamazoo, MI 49007
5beds
5baths
--sqft
5+ Units
Built in 1885
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Historic detailsTwo one-bedroom apartmentsCharming studioHardwood floorsAmple off-street parkingSpacious two-bedroom apartmentOne-bedroom unit
- 206 days
- 216
- 10
Zillow last checked:
Listing updated:
Listed by:
Kerry L Keefer Fischer 269-998-4062,
Five Star Real Estate 269-998-4062
Source: MichRIC,MLS#: 26005619
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Hot Water
Cooling
- Window Unit(s)
Appliances
- Laundry: Common Area, In Hall
Features
- Basement: Full
Property
Parking
- Total spaces: 8
- Parking features: Asphalt, Driveway
Lot
- Size: 0.32 Acres
- Dimensions: 66 x 206
- Features: Sidewalk
Details
- Parcel number: 0616418016
- Zoning description: RM-15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick, Stucco
- Roof: Composition
Condition
- New construction: No
- Year built: 1885
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Tax assessed value: $175,481
- Annual tax amount: $12,131
- Date on market: 2/16/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2026 | Price change | $475,000-4% |
Source: | ||
| 2/16/2026 | Listed for sale | $495,000-10% |
Source: | ||
| 2/1/2026 | Listing removed | $550,000 |
Source: | ||
| 11/25/2025 | Price change | $550,000-8.3% |
Source: | ||
| 10/6/2025 | Listed for sale | $600,000+0.8% |
Source: | ||
| 6/10/2022 | Sold | $595,000 |
Source: | ||
| 4/7/2022 | Pending sale | $595,000 |
Source: | ||
| 4/4/2022 | Listed for sale | $595,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $12,131 +1.9% | $186,400 -7.5% |
| 2025 | $11,907 +6% | $201,600 +15.8% |
| 2024 | $11,236 | $174,100 +7.4% |
| 2023 | -- | $162,100 +24.3% |
| 2022 | -- | $130,400 +11.9% |
| 2021 | -- | $116,500 +9.4% |
| 2020 | -- | $106,500 +16.4% |
| 2018 | -- | $91,500 -0.5% |
| 2017 | $4,979 | $92,000 +3.3% |
| 2016 | $4,979 | $89,100 +14.4% |
| 2015 | $4,979 | $77,900 +14.4% |
| 2014 | $4,979 | $68,100 -10.4% |
| 2013 | -- | $76,000 -19.5% |
| 2012 | -- | $94,400 +7% |
| 2011 | -- | $88,200 -4.9% |
| 2010 | -- | $92,700 -3.5% |
| 2009 | -- | $96,100 -0.4% |
| 2008 | -- | $96,500 -6.5% |
| 2004 | -- | $103,200 +0.8% |
| 2003 | -- | $102,350 +5.8% |
| 2002 | -- | $96,750 +3.8% |
| 2001 | -- | $93,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Stuart
Nearby schools
Schools provided by the listing agent
- Elementary: Woodward School for Technology and Research
- Middle: Linden Grove Middle School
- High: Kalamazoo Central High School
Source: MichRIC. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






