5 unit Investment opportunity in the Vine Neighborhood, downtown Kalamazoo. Large lot with plenty of off-street parking. Close to WMU, Kalamazoo College and central business district. Three one-bedroom apartments and two studio apartments. Newer roof. Five furnaces and one water heater were recently installed and gas meters split.
Active
$244,900
515 Locust St, Kalamazoo, MI 49007
4beds
5baths
--sqft
5+ Units
Built in 1860
-- sqft lot
$227,600 Zestimate®
$--/sqft
$-- HOA
What's special
Plenty of off-street parkingLarge lotNewer roofFive furnacesOne water heater
- 146 days
- 87
- 10
Zillow last checked:
Listing updated:
Listed by:
Joseph Lukeman 269-598-6567,
Lukeman Group LLC 269-598-6567
Source: MichRIC,MLS#: 26021664
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
Heating
- Forced Air
Features
- Basement: Other
Property
Parking
- Total spaces: 5
- Parking features: Driveway, Gravel
Lot
- Size: 8,712 Square Feet
- Dimensions: 66 x 132
- Features: Level
Details
- Parcel number: 0621236409
- Zoning description: RM-15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1860
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Tax assessed value: $88,835
- Annual tax amount: $5,979
- Date on market: 5/12/2026
- Listing terms: VA Loan,Cash,Conventional
- Tenant pays: Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$227,600
$216,000 - $239,000
$892/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $244,900-2% |
Source:  MichRIC #26021664 Report a problem | ||
| 5/5/2026 | Listing removed | $249,900 |
Source: MichRIC #25057512 Report a problem | ||
| 12/15/2025 | Listed for sale | $249,900 |
Source: MichRIC #25057512 Report a problem | ||
| 11/28/2025 | Pending sale | $249,900 |
Source: MichRIC #25057512 Report a problem | ||
| 11/10/2025 | Listed for sale | $249,900+21.9% |
Source: MichRIC #25057512 Report a problem | ||
| 12/7/2023 | Sold | $205,000-6.8% |
Source: MichRIC #23026331 Report a problem | ||
| 10/5/2023 | Pending sale | $220,000 |
Source: MichRIC #23026331 Report a problem | ||
| 7/23/2023 | Listed for sale | $220,000+286% |
Source: MichRIC #23026331 Report a problem | ||
| 5/7/2009 | Sold | $57,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,980 +0.8% | $98,600 +4.4% |
| 2025 | $5,934 +146.5% | $94,400 +12.5% |
| 2024 | $2,408 | $83,900 +14% |
| 2023 | -- | $73,600 +16.6% |
| 2022 | -- | $63,100 +11.1% |
| 2021 | -- | $56,800 +13.1% |
| 2020 | -- | $50,200 +41.8% |
| 2018 | -- | $35,400 +6.9% |
| 2017 | $2,344 | $33,100 +11.8% |
| 2016 | $2,344 | $29,600 +1% |
| 2015 | $2,344 | $29,300 -1% |
| 2014 | $2,344 | $29,600 -7.8% |
| 2013 | -- | $32,100 -6.1% |
| 2012 | -- | $34,200 -13.6% |
| 2011 | -- | $39,600 -7.9% |
| 2010 | -- | $43,000 -5.9% |
| 2009 | -- | $45,700 -2.8% |
| 2008 | -- | $47,000 +10.8% |
| 2004 | -- | $42,400 +10.6% |
| 2003 | -- | $38,350 +1.9% |
| 2002 | -- | $37,650 +9.6% |
| 2001 | -- | $34,350 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Vine
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