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Duplex with Separate Utilities
For Sale
$160,000
Pending

1020 South Park Street, Kalamazoo, MI 49001

Two apartments feature hardwood flooring, individual laundry areas, and tenant-paid gas and electric.

Property Size4,138 SF
Days on Market213

Property Features for 1020 South Park Street

General Information

Standard status Pending
Size 4,138 SF
Property subtype Residential Income / Multi Family

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units 2

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $6,100

Amenities

in-unit laundry
Forced Air, Yes
Yes
Forced Air
Natural Gas
In Basement, In Unit
2.0
2
Composition
Laundry Facility, Sep Electric Meter, Sep Gas Meter, Tenant Storage
Paved, Public
Michigan Basement
Other
36 Inch Entrance Doo

Building Details

Year Built 1896
Buildings 1
Units 2
Listing Agency: Five Star Real Estate
Listed By: Adam Atwood · License #6506047769
Source: Compass
Added: Mar 17 Changed: Oct 4 Last Checked: Oct 15 at 2:03AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Star Real Estate

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Investment Insights

Based on property information with market context.

This 4,138-square-foot duplex in the Vine Neighborhood was built in 1896 and contains two separately configured apartments. The lower residence offers three bedrooms, one bathroom, hardwood floors, large bedrooms, and in-unit laundry; it is currently vacant. Upstairs, the two-bedroom, one-bath apartment also has hardwood flooring and a dedicated laundry area.

Each apartment has separate gas and electric metering, with occupants responsible for their own service. The property is city certified through 2/28/26 and includes forced-air heat, natural gas service, a full Michigan basement, composition exterior materials, and a paved public parking surface.

Key Highlights

  • 4,138 SF duplex in the Vine Neighborhood, built in 1896
  • Lower apartment includes 3 bedrooms, 1 bath, hardwood floors, large bedrooms, and in‑unit laundry
  • Upper apartment offers 2 bedrooms, 1 full bathroom, hardwood floors, and its own laundry area

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Acupuncture Skin Care Clinic Grocery & Convenience Store

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,215
Businesses Nearby

Demographics for 49001, MI

21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two apartments feature hardwood flooring, individual laundry areas, and tenant-paid gas and electric.
Where is this duplex located?
The property is located at 1020 South Park Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 4,138 SF duplex in the Vine Neighborhood, built in 1896; Lower apartment includes 3 bedrooms, 1 bath, hardwood floors, large bedrooms, and in‑unit laundry; Upper apartment offers 2 bedrooms, 1 full bathroom, hardwood floors, and its own laundry area
More about this property
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