Investor or owner-occupant opportunity in desirable Cooper Township within Parchment Schools. This well-maintained duplex offers two spacious units, each featuring 2 bedrooms, 1 full bath, and approximately 1,744 sq ft of living space. One unit is move-in ready, making it ideal for house hacking or maximizing rental income, while the other provides stable occupancy. Current rents are below market at $850, with strong upside potential near $1,200 per unit. Recent updates include new HVAC and central air, fresh paint, new carpet, updated light fixtures, reglazed bathtub, and connection to city water, reducing immediate capital expenses. Each unit includes a one-car garage plus additional driveway parking. Full walkout basements offer exceptional storage or future finishing potential to further increase value. Situated on just under a half-acre lot, this property provides space, privacy, and long-term investment appeal. A rare find with strong cash flow potential and multiple opportunitie
Pending
$325,000
5395 Thayer Ave, Kalamazoo, MI 49004
4beds
2baths
3,488sqft
2 to 4 Units
Built in 1989
-- sqft lot
$321,200 Zestimate®
$93/sqft
$-- HOA
What's special
Additional driveway parkingFresh paintUpdated light fixturesNew carpetReglazed bathtub
- 104 days |
- 23 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
DeAnna M Phillips 269-492-8505,
eXp Realty LLC 269-600-4397
Source: MichRIC,MLS#: 26013800
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Full,Walk-Out Access
Interior area
- Total interior livable area: 3,488 sqft
Property
Parking
- Total spaces: 5
- Parking features: Concrete, Driveway
Lot
- Size: 0.46 Acres
- Dimensions: 97 x 198
- Features: Wooded
Details
- Parcel number: 0235410080
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Sewer: Septic Tank, Storm Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Price per square foot: $93/sqft
- Tax assessed value: $80,076
- Annual tax amount: $4,332
- Date on market: 4/7/2026
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Water, Sewer, Gas
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$321,200
$305,000 - $337,000
$1,390/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2026 | Pending sale | $325,000$93/sqft |
Source:  MichRIC #26013800 Report a problem | ||
| 4/7/2026 | Listed for sale | $325,000$93/sqft |
Source: MichRIC #26013800 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,401 +6.7% | $121,200 +5.3% |
| 2024 | $4,125 | $115,150 +9.7% |
| 2023 | -- | $105,000 +11.2% |
| 2022 | -- | $94,400 +11.5% |
| 2021 | -- | $84,700 -0.4% |
| 2020 | -- | $85,000 +22.3% |
| 2018 | -- | $69,508 -1.8% |
| 2017 | -- | $70,770 +11% |
| 2016 | -- | $63,781 +0% |
| 2015 | -- | $63,760 +3.8% |
| 2014 | -- | $61,401 +1.4% |
| 2013 | -- | $60,526 -9.3% |
| 2012 | -- | $66,729 -18.3% |
| 2011 | -- | $81,713 +1% |
| 2010 | -- | $80,902 -2.5% |
| 2009 | -- | $82,959 -3.9% |
| 2008 | -- | $86,290 +5.5% |
| 2004 | -- | $81,826 +1% |
| 2003 | -- | $81,016 +0.1% |
| 2002 | -- | $80,972 +5.8% |
| 2001 | -- | $76,503 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 49004
Nearby schools
GreatSchools rating
- 6/10Parchment North Elementary SchoolGrades: PK,4-5Distance: 0.2 mi
- 4/10Parchment High SchoolGrades: 8-12Distance: 0.5 mi
- 3/10Parchment Central Elementary SchoolGrades: PK-3Distance: 0.6 mi
Schools provided by the listing agent
- Middle: Parchment Middle School
- High: Parchment High School
Source: MichRIC. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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