7-unit value-add opportunity in the heart of Kalamazoo with multiple paths to ownership and strong upside potential. This property includes two buildings (4-unit and 3-unit) on one parcel, offering flexibility for owner-occupants, investors, or those looking to grow their portfolio.
The property presents a clear opportunity to increase income through lease-up and operational improvements. Several units have been updated while others provide a path for continued improvements and repositioning. Located near Western Michigan University, Kalamazoo College, downtown, and major amenities, the property benefits from consistent rental demand and long-term growth potential.
Seller is offering flexible purchase options including land contract terms and is open to DSCR financing buyers. Ideal for owner-occupants looking to live in one unit while stabilizing the remaining units. To support lease-up, seller is offering a structured income support credit for any vacant units at the time of closing, providing added confidence during the transition period.
Off-street parking, functional unit layouts, and a location that continues to see strong rental demand make this a compelling opportunity for buyers ready to execute. Property is city-certified. Rent roll and financials available upon request.
Seller is a licensed real estate agent in the State of Michigan
65 days
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177
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15
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Zillow last checked:
Listing updated:
Listed by:
Jeffrey Glover616-594-1000,
Keller Williams Professionals734-459-4700,
Ryan M Prichard616-295-3632,
Keller Williams Realty Rivertown
Source: MichRIC,MLS#: 26020369
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 7
Heating
Forced Air
Cooling
Window Unit(s), None
Appliances
Laundry: Common Area, In Basement, Laundry Room
Features
Basement: Full,Michigan Basement
Interior area
Total interior livable area: 4,400 sqft
Property
Parking
Total spaces: 8
Parking features: Asphalt, Driveway
Lot
Size: 8,712 Square Feet
Dimensions: 66 x 132
Details
Parcel number: 0621235434
Zoning description: Residential
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Units
Materials
Stucco, Wood Siding
Roof: Composition
Condition
New construction: No
Year built: 1865
Utilities & green energy
Sewer: Public Sewer
Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
Region: Kalamazoo
Financial & listing details
Price per square foot: $114/sqft
Tax assessed value: $84,812
Annual tax amount: $5,709
Date on market: 5/6/2026
Listing terms: VA Loan,FHA,Cash,Assumable,Conventional,Contract
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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