Kalamazoo, MI Apartment Buildings for Sale

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30 properties

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Updated: Mar 15

Historical 15-Unit Apartment Building

447 West Walnut Street, Kalamazoo, MI 49007

$1,100,000

13,504 sqft

Historically fully occupied 15‑unit apartment building in Kalamazoo's Vine Neighborhood.
Significant capital improvements while maintaining 1907 character.
9 of 15 units have remodeled kitchens and bathrooms.
New electrical panel upgrades for all 15 units.
Mix of unit types: (9) 1‑bedroom, (5) 2‑bedroom, and (1) 4‑bedroom.

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This listing looks promising.

Here's a quick look at some key insights for

447 West Walnut Street, Kalamazoo, MI 49007

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Est. Cap Rate

6.6%
Above avg (5.9%)
Est. NOI

$73K
Annual
Mortgage

$106K
Jun 2018

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Updated: Jun 27

16-Unit Apartment Building

1710 E G Avenue, Kalamazoo, MI 49004

$1,290,000

0.86 AC lot

16‑unit multi‑family property with 14 of 16 units currently rented
Unit mix: 11 units with 2 beds/1 bath and 5 units with 1 bed/1 bath
Many interiors have been recently renovated
Heating: hot water heating with baseboard; cooling via wall unit(s)
Utilities/services: natural gas available; private water; public sewer

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Historic Victorian Multifamily Building

916 W Kalamazoo Avenue, Kalamazoo, MI 49007

$600,000

0.57 AC lot

Diverse rental mix includes a 2-bedroom apartment, multiple studios, and third-floor rooms with shared kitchen and bathrooms.

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Historic Kalamazoo Multifamily Income Opportunity

316/324 Stuart Avenue, Kalamazoo, MI 49007

$1,000,000

0.60 AC lot

Two historic mansions with 18 apartments near downtown Kalamazoo.

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33-Unit All-Brick Apartment Property

2907 S Burdick Street, Kalamazoo, MI 49001

$2,900,000

2.10 AC lot

Well-maintained all-brick multifamily with 25-unit and 8-unit buildings plus recent mechanical and unit improvements.

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Historical Kalamazoo Multifamily Investment Opportunity

447 W Walnut Street, Kalamazoo, MI 49007

$1,100,000

0.31 AC lot

15-unit apartment building in Kalamazoo's Vine Neighborhood.

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Kalamazoo Multi-Unit Building For Sale

529 Wheaton Avenue, Kalamazoo, MI 49008

$355,000

0.30 AC lot

Five-unit building in Vine Neighborhood with parking and garage.

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Historic 9-Unit Apartment Building

324 Stuart Avenue, Kalamazoo, MI 49007

$599,000

8,712 sqft

Historic 9-unit property with many recently remodeled apartments, a carriage house, laundry, and off-street parking.

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Kalamazoo Multifamily Value-Add Opportunity

809-807 W Cedar Street, Kalamazoo, MI 49007

$499,900

0.20 AC lot

Seven-unit property with upside potential near universities and downtown.

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Kalamazoo Multifamily Investment Opportunity

515 Locust Street, Kalamazoo, MI 49007

$244,900

0.20 AC lot

Five-unit property in Kalamazoo's Vine Neighborhood near WMU and downtown.

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All-Brick Multifamily Apartment Building

2907 S Burdick Street, Kalamazoo, MI 49001

$2,900,000

36,000 sqft

33-unit all-brick multifamily property with separate 25-unit and 8-unit buildings and recently completed capital improvements.

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Kalamazoo Multi-Unit Investment Opportunity

232 Woodward Avenue, Kalamazoo, MI 49007

$475,000

0.32 AC lot

Historic Kalamazoo multi-unit property with five rental units and income potential.

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Kalamazoo Multifamily Investment Opportunity

521 Pearl Street, Kalamazoo, MI 49007

$475,000

0.25 AC lot

Well-maintained 8-unit apartment building with consistent rental income.

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Victorian Multifamily Apartment Building

916 W Kalamazoo Ave, Kalamazoo, MI 49007

$600,000

Victorian-style building with a 2-bedroom unit plus studio and room-style rentals, with central air and on-site laundry.

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Kalamazoo Multifamily Investment Opportunity

922 S Park Street, Kalamazoo, MI 49001

$375,000

0.23 AC lot

Well-maintained 6-unit apartment building with consistent rental income.

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Kalamazoo Multifamily Investment Opportunity

415 Davis Street, Kalamazoo, MI 49007

$223,000

0.17 AC lot

Five-unit building in Kalamazoo's historic Vine Neighborhood.

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Vine Neighborhood Multi-Unit Building

529 Wheaton Ave, Kalamazoo, MI 49008

$355,000

Five-unit building in Vine Neighborhood with off-street parking.

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Brick 6-Unit Apartment Building

436 Campbell Avenue, Kalamazoo, MI 49006

$399,700

0.30 AC lot

Six-unit brick apartment building with rear parking and carports covering up to four vehicles.

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Kalamazoo Multi-Unit Investment Opportunity

232 Woodward Ave, Kalamazoo, MI 49007

$475,000

Historic 5-unit property near colleges and downtown Kalamazoo.

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Kalamazoo Multi-Unit Brick Building

3025 E Main Street, Kalamazoo, MI 49048

$339,000

0.27 AC lot

Well-maintained 5-unit building in Kalamazoo's Eastwood neighborhood.

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Five-Unit Multifamily Investment Opportunity

515 Locust St, Kalamazoo, MI 49007

$244,900

Multifamily property in Kalamazoo's Vine Neighborhood, close to universities.

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Kalamazoo Multifamily Investment Opportunity

411 Stanwood Street, Kalamazoo, MI 49006

$389,900

0.15 AC lot

Fully occupied 6-unit near Kalamazoo College with income potential.

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Five-Unit Building in Vine Neighborhood

415 Davis St, Kalamazoo, MI 49007

$223,000

Five-unit building in Kalamazoo's historic Vine Neighborhood.

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All-Brick 8-Unit Apartment Building

800 W South Street, Kalamazoo, MI 49007

$855,000

All-brick 8-unit multifamily with most units occupied, offering income-producing occupancy for a new owner.

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Kalamazoo, MI Apartment Buildings Market Trends and Statistics

Explore 32 apartment buildings for sale in Kalamazoo, MI, showcased through 30 active listings on our real estate platform. These investment opportunities span a total of 58,216 square feet of properties for sale, with an estimated market value of $4,599,000.

Sale prices for two-family homes in Kalamazoo, MI start at $599,000, averaging $1,533,000, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 163K

Population Growth (5Y) -1.2%

Median Household Income $64,429

College Educated 36.6%

High-Yield Neighborhoods for Investment

Identify Kalamazoo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49048	$339K
49008	$456K
49007	$614.1K
49006	$674.2K
49001	$991.8K

Taxes & Financing

Tax Rate (average for all types) 4.16%

Property Tax per SF $78.71 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kalamazoo County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Kalamazoo County

Office

Property Size Breakdown

The majority of commercial real estate listings in Kalamazoo fall within the 5,000 to 10,000 square foot range.

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