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Kalamazoo Multifamily Investment Opportunity

515 Locust Street Kalamazoo, MI 49007

515 Locust Street, Kalamazoo, MI, 49007
$244,900
For Sale
$244,900

MULTI_FAMILY - Kalamazoo, MI

Lot Size0.20 Acres
Days on Market70

Property Features for 515 Locust Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Rooms
Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 1, Basement
Parking
5
Parking features
Driveway
Standard status
Active
APN
06-21-236-409
Lot size
0.20 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
50308 WELCHS ADDITION LOT 409.
Tax Annual Amount
5980

Utilities

Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air

Building Details

Year built
1860
Number of units
5
Building materials
Wood Siding
Roof type
Composition
Listing Agency Lukeman Group LLC
10708 Wildwood Drive, Richland, MI
Listed by Joseph Lukeman · License #6501349281
Added: May 12 Checked: Jul 20 at 12:06 am
MLS# 26021664 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.


Investment Insights

Based on property information with market context.

This multifamily property features five units in Kalamazoo's Vine Neighborhood, near Western Michigan University, Kalamazoo College, and the central business district. The property includes three one-bedroom apartments and two studio apartments. It is situated on a 0.2-acre lot with ample off-street parking. A newer roof has been installed. The property also features five recently installed furnaces, one recently installed water heater, and split gas meters.

Key Highlights

  • Investment opportunity in desirable Vine Neighborhood, downtown Kalamazoo.
  • Five units: Three 1‑bedroom apartments and two studio apartments.
  • Large lot with ample off‑street parking.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

(Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Electrical Service Florist (Bike/Boat/Book/etc) Store Pet Grooming Service Auto Parts Store Locksmith Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Apartment building - Five-unit property in Kalamazoo's Vine Neighborhood near WMU and downtown.
Where is this apartment building located?
The property is located at 515 Locust Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Investment opportunity in desirable Vine Neighborhood, downtown Kalamazoo.; Five units: Three 1‑bedroom apartments and two studio apartments.; Large lot with ample off‑street parking.
Contact an agent
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