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    515 Locust St Kalamazoo, MI 49007

    Pending
    For Sale
    $249,900

    MULTI_FAMILY - Kalamazoo, MI

    Lot size:
    0.20 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 515 Locust St

    General Information

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

    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

    Lukeman Group LLC (269) 598-6567

    Listing agent Joseph Lukeman (269) 598-6567

    Listing date Nov 28, 2025

    MLS# 25057512 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

    Kalamazoo Multifamily Investment Opportunity

    This is a five-unit investment opportunity located in the Vine Neighborhood of downtown Kalamazoo. The property features a large lot with ample off-street parking. It is situated close to Western Michigan University (WMU), Kalamazoo College, and the central business district. The unit mix includes three one-bedroom apartments and two studio apartments. A newer roof has been installed. The property also benefits from five recently installed furnaces, one recently installed water heater, and split gas meters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.593066
    Latitude
    42.286929

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    FAQs

    What type of property is this?
    Apartment building - Five-unit multifamily property in Kalamazoo's Vine Neighborhood.
    Where is this apartment building located?
    The property is located at 515 Locust St Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - 5-unit investment property in the desirable Vine Neighborhood, downtown Kalamazoo.; - Large lot with ample off-street parking.; - Newer roof and recently installed furnaces with split gas meters.
    (269) 598-6567
    Request Owner's contact information
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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
    515 Locust St Kalamazoo, MI 49007
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