This well-maintained 8-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $6,350.
Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.
Active
$475,000
521 Pearl St, Kalamazoo, MI 49007
5beds
7baths
--sqft
5+ Units
Built in 1924
-- sqft lot
$441,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 144 days
- 146
- 7
Zillow last checked:
Listing updated:
Listed by:
Adam Atwood 269-377-4589,
Five Star Real Estate 269-377-4589
Source: MichRIC,MLS#: 26013773
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Basement, Laundry Room
Features
- Basement: Full
Property
Parking
- Total spaces: 12
- Parking features: Unpaved
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
Details
- Parcel number: 390621238339
- Zoning description: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Tax assessed value: $139,639
- Annual tax amount: $9,399
- Date on market: 4/6/2026
- Listing terms: Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
Estimated market value
$441,100
$419,000 - $463,000
$969/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Listed for sale | $475,000-5% |
Source:  MichRIC #26013773 Report a problem | ||
| 2/11/2026 | Listing removed | $500,000 |
Source: MichRIC #25040146 Report a problem | ||
| 8/8/2025 | Listed for sale | $500,000-9.1% |
Source: MichRIC #25040146 Report a problem | ||
| 5/5/2025 | Listing removed | $550,000-62.6% |
Source: MichRIC #24057862 Report a problem | ||
| 11/6/2024 | Price change | $1,470,000+167.3% |
Source: MichRIC #24058041 Report a problem | ||
| 11/5/2024 | Listed for sale | $550,000+25% |
Source: MichRIC #24057862 Report a problem | ||
| 7/14/2022 | Sold | $440,000 |
Source: MichRIC #22016933 Report a problem | ||
| 5/9/2022 | Pending sale | $440,000 |
Source: MichRIC #22016933 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,127 +4.8% | $139,800 +0.6% |
| 2024 | $8,706 | $139,000 +10.7% |
| 2023 | -- | $125,600 +25.2% |
| 2022 | -- | $100,300 +9.7% |
| 2021 | -- | $91,400 +7.3% |
| 2020 | -- | $85,200 +5.6% |
| 2018 | -- | $80,700 +2.8% |
| 2017 | $3,463 | $78,500 +13.4% |
| 2016 | $3,463 | $69,200 +1% |
| 2015 | $3,463 | $68,500 +6% |
| 2014 | $3,463 | $64,600 -15.8% |
| 2008 | -- | $76,700 +22.9% |
| 2004 | -- | $62,400 +35.5% |
| 2003 | -- | $46,050 +15.1% |
| 2002 | -- | $40,000 +2.3% |
| 2001 | -- | $39,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Vine
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