Unique opportunity to own this historical gem in the heart of Kalamazoo's Vine Neighborhood. This 15 unit 3 story brick apartment building has had significant capital improvements over the years while maintaining it's 1907 character. 10 of the 15 units have had kitchen and bathroom remodels. Hardwood floors and built ins are featured in many units. Building features (9) 1 bedroom units, (5) 2 bedroom units, and a 4 bedroom unit. New electrical panel upgrades for all 15 units, back up electric heating systems in 4 units and 2 commercial water heaters, Rents have increased year over year. Historically fully occupied. Certification through 7/31/27. Seller is a licensed Realtor in the State of MI.
Active
$975,000
447 W Walnut St, Kalamazoo, MI 49007
19beds
12baths
--sqft
5+ Units
Built in 1905
-- sqft lot
$918,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 4 days
- 256
- 14
Zillow last checked:
Listing updated:
Listed by:
Joseph Lukeman 269-598-6567,
Lukeman Group LLC 269-598-6567
Source: MichRIC,MLS#: 26048453
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 12
Heating
- Hot Water
Cooling
- None
Appliances
- Laundry: Common Area, In Basement
Features
- Basement: Full
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Gravel
Lot
- Size: 0.31 Acres
- Dimensions: 132 x 103
- Features: Corner Lot
Details
- Parcel number: 390622115050
- Zoning description: LW1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick
- Roof: Rubber
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Tax assessed value: $170,086
- Annual tax amount: $11,758
- Date on market: 9/11/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$918,900
$873,000 - $965,000
$1,196/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $975,000 |
Source:  MichRIC #26048453 Report a problem | ||
| 9/11/2026 | Listing removed | $975,000 |
Source: MichRIC #26009891 Report a problem | ||
| 8/5/2026 | Price change | $975,000-2.5% |
Source: MichRIC #26009891 Report a problem | ||
| 7/28/2026 | Price change | $1,000,000-9.1% |
Source: MichRIC #26009891 Report a problem | ||
| 5/12/2026 | Price change | $1,100,000-8.3% |
Source: MichRIC #26009891 Report a problem | ||
| 3/15/2026 | Listed for sale | $1,200,000 |
Source: MichRIC #26009891 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $11,758 +3% | $330,700 -0.1% |
| 2025 | $11,418 +4.8% | $331,100 -1.2% |
| 2024 | $10,890 | $335,000 +11.7% |
| 2023 | -- | $300,000 +28% |
| 2022 | -- | $234,400 +10% |
| 2021 | -- | $213,100 +8.2% |
| 2020 | -- | $197,000 +18.5% |
| 2018 | -- | $166,200 +3% |
| 2017 | $10,768 | $161,300 -1.2% |
| 2016 | $10,768 | $163,300 +1.2% |
| 2015 | $10,768 | $161,300 +7.1% |
| 2014 | $10,768 | $150,600 |
Find assessor info on the county website
Monthly payment
Est. payment
