Parchment, MI Apartment buildings for sale

Updated: May 20, 2025

Brick 24-Unit Apartment Complex

503 North Riverview Drive, Parchment, MI 49004

$1,700,000

601 sqft

24‑unit apartment complex in four 3‑story brick buildings (6 units per building): 23 1‑bedroom units and 1 2‑bedroom unit
On‑site coin laundry with two laundry rooms
25 total parking spaces (carport and lot parking)
Total monthly revenue currently near $20,000
Tenants pay electric and cooking gas; owner covers heat, water/sewer, trash, and lawn/plow services

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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Parchment, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

16-Unit Apartment Building

1710 E G Avenue, Kalamazoo, MI 49004

$1,270,000

0.86 AC lot

Most apartments have recent interior renovations, with one- and two-bedroom layouts.

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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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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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Historic Queen Anne Multi-Family Redevelopment

836 W N Street, Kalamazoo, MI 49007

$88,800

0.23 AC lot

Historic Queen Anne shell is ready for redevelopment with multi-family or commercial zoning options in Kalamazoo.

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Parchment, MI Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Parchment, MI on our real estate platform. These investment opportunities span a total of 601 square feet of properties for sale, with an estimated market value of $1,700,000.

Sale prices for two-family homes in Parchment, MI average $1,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
Kalamazoo - 49004	$1.7M

Neighborhood

Average Price

Kalamazoo - 49004

$1.7M

Parchment, MI Apartment Buildings for Sale

503 North Riverview Drive, Parchment, MI 49004