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    114 E Thomas St Kalamazoo, MI 49004

    For Sale
    $500,000

    MULTI_FAMILY - Parchment, MI

    Lot size:
    0.30 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 10 at 5:06 pm

    Property Features for 114 E Thomas St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 7, Bathroom 3, Bathroom 5, Bedroom 1, Bedroom 8, Bathroom 4, Bedroom 3, Bathroom 7, Bedroom 5, Bathroom 6, Basement, Bedroom 6, Bathroom 8, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4
    Bedrooms
    8
    APN
    0602140390
    Parking
    8
    Parking features
    Driveway
    Basement
    Walk-Out Access
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Baseboard

    Building Details

    Year built
    1960
    Number of units
    8
    Building materials
    Brick
    Roof type
    Composition

    Berkshire Hathaway HomeServices MI (269) 342-5600

    Listing agent Susan S Hernandez (269) 342-5600

    Listing date Nov 18, 2025

    MLS# 25053684 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Parchment Apartment Building

    This is a solid brick, 8-unit apartment building that is fully occupied and features on-site management. Each unit includes 1 bed, 1 bath, private storage, and outdoor parking. A coin laundry is available for tenant convenience. The property has a strong rental history and a low-maintenance design. The lot size is 0.3 acres. Owner financing may be considered for qualified buyers. The property is located in Parchment, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.566411
    Latitude
    42.331044

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    FAQs

    What type of property is this?
    Apartment building - Solid brick 8-unit apartment building with strong rental history.
    Where is this apartment building located?
    The property is located at 114 E Thomas St Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Solid, income-producing investment opportunity; - Fully occupied 8-unit building, ensures immediate returns; - Low-maintenance design
    (269) 342-5600
    Request Owner's contact information
    114 E Thomas St Kalamazoo, MI 49004
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    Kalamazoo, MI 49004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 E Thomas St Kalamazoo, MI 49004
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