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    Kalamazoo Multifamily Investment Opportunity Title is generated by Realmo AI

    436 Campbell Avenue, Kalamazoo, MI 49006

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    For Sale
    $407,000

    MULTI_FAMILY - Kalamazoo, MI

    Lot size:
    0.30 Acres
    Added:
    May 30, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 436 Campbell Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    11
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 10, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 11, Bathroom 5, Bedroom 6, Bedroom 9, Basement, Bathroom 1, Bedroom 8, Bathroom 6, Bedroom 7
    Parking
    10
    Parking features
    Driveway
    Basement
    Daylight
    Standard status
    Active
    APN
    06-17-255-070
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    3712300 3906 17 255 070 PINEHURST LOTS 7 & 8
    Tax Annual Amount
    11760

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Radiant, Hot Water(Heating)

    Building Details

    Year built
    1960
    Number of units
    6
    Building materials
    Block, Brick

    We can help!

    Listing Contact
    Mary Sutton
    Mary Sutton

    Listing agent Mary Sutton License #6501219823

    Listing office Berkshire Hathaway HomeServices MI 5839 Oakland Drive, Portage, MI

    Listing date May 30, 2026

    MLS# 26026026 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.

    HighLights

    • Brick 6‑unit apartment building built in 1960, off West Main Street
    • Unit mix: five 2‑bedroom, 1‑bath units plus one studio unit
    • Large rear parking area with carports providing covered parking for 3 to 4 vehicles
    • New 18,000 boiler installed in 2024; heating includes radiant and hot water (heating)
    • Coin laundry on‑site with proceeds split 50/50 with the owner
    • Natural gas available; some units have tenant‑paid window A/C

    Overview

    This brick six-unit apartment building is located off West Main Street and features a large rear parking area with carports that can cover three or four vehicles. The units are spacious and have been recently updated. The property includes five two-bedroom, one-bath units and one studio unit. Some tenants have their own window A/C units and pay their own electric bills. A coin laundry is available, with the owner receiving 50% of the revenue. Many units have long-term tenants. The property is conveniently located near K College and WMU in an excellent residential neighborhood. A new 18,000 BTU boiler was installed in 2024. The property is intended for use as an apartment building, multifamily property, or residential income property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -85.614998
    Latitude
    42.295756

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building near WMU and K College.
    Where is this apartment building located?
    The property is located at 436 Campbell Avenue Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $407,000.
    What are key features of this property?
    This property features: Brick 6‑unit apartment building built in 1960, off West Main Street; Unit mix: five 2‑bedroom, 1‑bath units plus one studio unit; Large rear parking area with carports providing covered parking for 3 to 4 vehicles
    (269) 341-3141
    We can help!
    Listing Contact
    Mary Sutton
    Mary Sutton
    Real Estate License ID: 6501219823
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    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.

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