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Kalamazoo Duplex Investment Opportunity
For Sale
$174,900

820-822 Wallace Avenue, Kalamazoo, MI 49048

MULTI_FAMILY - Kalamazoo, MI

Lot Size0.24 Acres
Days on Market111

Property Features for 820-822 Wallace Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 3
Full bathrooms 2
Rooms Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features Paved or Surfaced
Basement Full
Lot features Level
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Standard status Active
APN 06-14-431-121
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 3403

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Window Unit(s)

Amenities

basement storage
backyard area

Building Details

Year built 1900
Number of units 2
Building materials Brick
Roof type Composition
Listing Agency: eXp Realty LLC
Listed By: Ahmed ''Ali'' Khalil · License #6501425556
Added: Apr 14 Changed: Jul 25 Last Checked: Aug 2 at 1:06PM
MLS# 26015233

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 duplex presents an investment opportunity, featuring two units. One unit includes 2 bedrooms and 1 bathroom and is currently rented for $990 per month on a month-to-month basis. The neighboring unit has 1 bedroom and 1 bathroom and is rented for $925 per month. The property also offers a spacious basement for additional storage and a large backyard area. The lot size is 0.24 acres.

Key Highlights

  • Duplex with brick construction and composition roof, built in 1900
  • 2‑bedroom, 1‑bath unit currently rented month‑to‑month for $990/month
  • 1‑bedroom, 1‑bath neighboring unit currently rented month‑to‑month for $925/month

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Hair Salon Dental Office Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

224
Businesses Nearby

Demographics for 49048, MI

25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex in Kalamazoo, MI with month-to-month tenants.
Where is this duplex located?
The property is located at 820-822 Wallace Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Duplex with brick construction and composition roof, built in 1900; 2‑bedroom, 1‑bath unit currently rented month‑to‑month for $990/month; 1‑bedroom, 1‑bath neighboring unit currently rented month‑to‑month for $925/month
More about this property
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