Active

$475,000

521 Pearl St, Kalamazoo, MI 49007

5beds

7baths

--sqft

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5+ Units

Built in 1924

-- sqft lot

$443,500 Zestimate^®

$--/sqft

$-- HOA

What's special

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.

95 days

159

2

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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

$443,500

$421,000 - $466,000

$1,083/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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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