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Sold
  • $312,500

    5395 Thayer Ave, Kalamazoo, MI 49004

    4beds
    2baths
    3,488sqft
    2 to 4 Units
    Built in 1989
    -- sqft lot
    $321,300 Zestimate®
    $90/sqft
    $1,592 Estimated rent

    Home value

    $321,300

    $305,000 - $337,000

    $1,592/mo

    Zestimate® history
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    What's special

    Additional driveway parkingFresh paintUpdated light fixturesNew carpetReglazed bathtub
    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

    Zillow last checked:

    Listing updated:

    Listed by:

    DeAnna M Phillips 269-492-8505,

    eXp Realty LLC

    Bought with:

    Jeff Lee, 6502334434

    Berkshire Hathaway HomeServices MI

    Source: MichRIC,MLS#: 26013800MLS Logo

    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: $90/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

    Price history

    DateEventPrice
    7/30/2026Sold$312,500-3.8%$90/sqft
    Source: MichRIC #26013800 Report a problem
    4/19/2026Pending sale$325,000$93/sqft
    Source: MichRIC #26013800 Report a problem
    4/7/2026Listed for sale$325,000$93/sqft
    Source: MichRIC #26013800 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$4,385 -0.4%$113,600 -6.3%
    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

    Neighborhood: 49004

    Nearby schools

    GreatSchools rating
    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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    Estimated market value
    $321,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $321,300