Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1309 Wells Pl Kalamazoo, MI 49001

    Sponsored
    For Sale
    $139,900

    MULTI_FAMILY - Kalamazoo, MI

    Lot size:
    0.26 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 11 at 10:06 pm

    Property Features for 1309 Wells Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 2
    Bedrooms
    4
    APN
    06-23-331-005
    Parking
    4
    Parking features
    Paved or Surfaced
    Basement
    Full
    Lot size
    0.26 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1905
    Number of units
    2
    Building materials
    Shingle Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Ryan M Schafer

    REEDS REALTY (616) 677-5285

    Listing agent Ryan M Schafer (616) 677-5285

    Listing date Feb 11, 2026

    MLS# 26005027 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Kalamazoo Duplex in Edison Neighborhood

    Located in Kalamazoo's desirable Edison Neighborhood, 1309 Wells Place is a well-maintained duplex featuring two units, one upper and one lower. Each unit offers 2 bedrooms and 1 full bathroom. Both units have been meticulously cared for and are currently vacant, providing immediate flexibility for investors or owner-occupants. Recent improvements include a newer roof, newer water heaters, plumbing upgrades, and a brand-new front porch that adds curb appeal and long-term value. The property also features a very large backyard, offering ample space for outdoor enjoyment, entertaining, or future possibilities. The lot size is 0.26 acres. Ideally located close to schools, parks, and the downtown corridor, this property offers convenient access to shopping, dining, and major roadways. The strong location and functional layout make it attractive to both tenants and homeowners alike. Whether you're looking to expand your investment portfolio or take advantage of a house-hack opportunity by living in one unit while renting the other, this duplex presents a versatile and compelling opportunity in the heart of the city.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.563667
    Latitude
    42.280026

    Nearby Similar for Sale

    • $675,000
      7,000 SF

      Historic Restaurant with Pullman Railroad Car

      Iconic 1910 Pullman railroad car restaurant on 2.23 acres.
      6225 W D Ave, Kalamazoo, MI 49009
      View Details
    • New
      $349,900
      0.12 Acres

      Kalamazoo Multi-Unit Investment Opportunity

      Multi-unit property near WMU and downtown Kalamazoo.
      706 Locust St, Kalamazoo, MI 49007
      View Details
    • $365,000
      Pending

      Kalamazoo Duplex: Owner-Occupied or Investment

      Well-maintained duplex in a terrific neighborhood, ideal for investors.
      6100 Torrington Rd, Kalamazoo, MI 49009
      View Details
    • $350,000
      Pending

      Kalamazoo Duplex with Recent Updates

      Investment opportunity: updated duplex with potential for additional living space.
      6105 Fairgrove St, Kalamazoo, MI 49009
      View Details
    • New
      $500,000
      0.25 Acres

      Kalamazoo Multifamily Investment Opportunity

      Well-maintained 8-unit building in Kalamazoo's Vine neighborhood.
      521 Pearl St, Kalamazoo, MI 49007
      View Details
    • $935,000
      Pending

      Kalamazoo Office-to-Residential Conversion Opportunity

      Office building suitable for residential conversion near WMU Med School.
      126 W South St, Kalamazoo, MI 49007
      View Details
    • $359,900
      1,100 SF

      Kalamazoo Multi-Unit Building For Sale

      Five-unit building in Vine Neighborhood with parking and garage.
      529 Wheaton Ave, Kalamazoo, MI 49008
      View Details
    • $329,900
      0.32 Acres

      Kalamazoo Triplex in Stuart Neighborhood

      Well-maintained triplex near WMU, K-College, and downtown Kalamazoo.
      127 Elm St, Kalamazoo, MI 49007
      View Details
    • $309,900
      Pending

      Renovated Historic Kalamazoo Apartment Building

      Rare, renovated 5-unit apartment building near Western Michigan University.
      727 S Park St, Kalamazoo, MI 49007
      View Details
    • $550,000
      4,879 SF

      Stadium Drive Commercial Office Suites

      High-visibility office suites on Stadium Drive near US-131.
      6281 Stadium Dr, Kalamazoo, MI 49009
      View Details
    • $1,500,000
      8,772 SF

      Kalamazoo Multifamily Investment Opportunity

      Leased sorority house with income potential in Kalamazoo, Michigan.
      1500 Fraternity Village Dr, Kalamazoo, MI 49006
      View Details
    • New
      $399,000
      0.22 Acres

      Kalamazoo Multifamily Investment Opportunity

      Six-unit property with updated apartments in a desirable location.
      613-615 Davis St, Kalamazoo, MI 49007
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with two units, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 1309 Wells Pl Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - Vacant duplex featuring two 2-bedroom, 1-bathroom units - ideal for immediate occupancy.; - Enjoy peace of mind with a newer roof, newer water heaters, and plumbing upgrades.; - Prime location in Kalamazoo's desirable Edison Neighborhood, close to amenities.
    (248) 756-1265
    Request Owner's contact information
    1309 Wells Pl Kalamazoo, MI 49001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1309 Wells Pl
    Kalamazoo, MI 49001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1309 Wells Pl Kalamazoo, MI 49001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan M Schafer
    (248) 756-1265
    Learn more
    Google sign-in failed. Please try again or use another login method.