This well-maintained 3-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 $2956.
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
Price cut: $5.1K (7/27)
$199,900
731 Village St, Kalamazoo, MI 49008
5beds
3baths
1,252sqft
2 to 4 Units
Built in 1890
-- sqft lot
$-- Zestimate®
$160/sqft
$-- HOA
What's special
- 141 days |
- 319 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Adam Atwood 269-377-4589,
Five Star Real Estate 269-377-4589
Source: MichRIC,MLS#: 26013778
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: In Basement
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 1,252 sqft
Property
Parking
- Total spaces: 5
- Parking features: Unpaved
Lot
- Size: 0.25 Acres
- Dimensions: 65 x 165
Details
- Parcel number: 390621290023
- Zoning description: R
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Shingle Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $79,675
- Annual tax amount: $5,508
- Date on market: 6/2/2026
- Listing terms: Cash,Conventional
- Tenant pays: None
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,148/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/27/2026 | Price change | $199,900-2.5%$160/sqft |
Source:  MichRIC #26013778 Report a problem | ||
| 6/2/2026 | Listed for sale | $205,000$164/sqft |
Source: MichRIC #26013778 Report a problem | ||
| 5/7/2026 | Pending sale | $205,000$164/sqft |
Source: MichRIC #26013778 Report a problem | ||
| 4/6/2026 | Listed for sale | $205,000-8.9%$164/sqft |
Source: MichRIC #26013778 Report a problem | ||
| 2/9/2026 | Listing removed | $225,000$180/sqft |
Source: MichRIC #25040138 Report a problem | ||
| 1/20/2026 | Listed for sale | $225,000$180/sqft |
Source: MichRIC #25040138 Report a problem | ||
| 12/8/2025 | Pending sale | $225,000$180/sqft |
Source: MichRIC #25040138 Report a problem | ||
| 8/8/2025 | Listed for sale | $225,000$180/sqft |
Source: MichRIC #25040138 Report a problem | ||
| 5/5/2025 | Listing removed | $225,000$180/sqft |
Source: MichRIC #24057860 Report a problem | ||
| 11/5/2024 | Listed for sale | $225,000+11.4%$180/sqft |
Source: MichRIC #24057860 Report a problem | ||
| 5/27/2022 | Sold | $202,000+12.8%$161/sqft |
Source: MichRIC #22014001 Report a problem | ||
| 4/28/2022 | Pending sale | $179,000$143/sqft |
Source: MichRIC #22014001 Report a problem | ||
| 4/22/2022 | Listed for sale | $179,000$143/sqft |
Source: MichRIC #22014001 Report a problem | ||
| 6/21/2013 | Listing removed | $700$1/sqft |
Source: Gem Rentals, LLC Report a problem | ||
| 5/10/2013 | Listed for rent | $700$1/sqft |
Source: Gem Rentals, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,969 +17% | $92,600 +10.4% |
| 2024 | $5,101 | $83,900 +14% |
| 2023 | -- | $73,600 +16.3% |
| 2022 | -- | $63,300 +9% |
| 2021 | -- | $58,100 +11.3% |
| 2020 | -- | $52,200 +37% |
| 2018 | -- | $38,100 +5.8% |
| 2017 | $2,352 | $36,000 +10.1% |
| 2016 | $2,352 | $32,700 -0.3% |
| 2015 | $2,352 | $32,800 -0.3% |
| 2014 | $2,352 | $32,900 -7.8% |
| 2013 | -- | $35,700 -7.8% |
| 2012 | -- | $38,700 -13.6% |
| 2011 | -- | $44,800 -4.3% |
| 2010 | -- | $46,800 -5.6% |
| 2009 | -- | $49,600 -13.6% |
| 2008 | -- | $57,400 +20.8% |
| 2004 | -- | $47,500 +4.3% |
| 2003 | -- | $45,550 +8.6% |
| 2002 | -- | $41,950 +2.4% |
| 2001 | -- | $40,950 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Vine
Nearby schools
GreatSchools rating
- 6/10Woods Lake Elementary:A Magnet Center For The ArtsGrades: PK-5Distance: 1.9 mi
- 6/10Maple Street Magnet School For The ArtsGrades: 6-8Distance: 0.7 mi
- 8/10Loy Norrix High SchoolGrades: 9-12Distance: 2.9 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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