Search
Turnkey Multifamily Property
For Sale
$649,900

415 W Walnut St, Kalamazoo, MI 49007

Turnkey 9-unit building with updated studios and one one-bedroom unit, including new kitchens, bathrooms, flooring, and electrical.

Days on Market85

Property Features for 415 W Walnut St

General Information

Standard status Active
Property subtype Investment

Building Details

Year Built 1900
Listing Agency: Bellabay Realty LLC
Listed By: Charles Teunis · License #6501439451
Source: Elliman
Added: May 9 Changed: Jul 22 Last Checked: Aug 1 at 6:39AM

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 Bellabay Realty LLC

Investment Insights

Based on property information with market context.

This turnkey multifamily property features 9 total units, including 8 studio apartments and 1 one-bedroom unit. The building has been recently updated throughout, with new kitchens and appliances, updated bathrooms, new flooring, and modern lighting in each unit. Major capital improvements include new plumbing and updated electrical systems, with separate electrical boxes to support straightforward management.

The property is located in Kalamazoo’s Vine Neighborhood, with access to parks, restaurants, hospitals, universities, and local shops just minutes away.

With its current unit mix and comprehensive interior updates, the building offers a clean, low-maintenance residential income setup for an investor or owner-operator.

Key Highlights

  • 9 total units: 8 studio apartments and 1 one‑bedroom unit
  • Recently updated units with new kitchens and appliances, updated bathrooms, new flooring, and modern lighting
  • Major improvements include new plumbing and updated electrical systems with separate electrical boxes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Carpet & Flooring Store Locksmith

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

Location Intelligence

Trade Area within ½ mile

3,380
Businesses Nearby

Demographics for 49007, MI

10,353
Population
5,102
Households
2
Avg Household Size
31
Median Age
24%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
2,958
Density / Sq Mi
$39,309
Median Household Income
$24,723
Median Earnings
$1,017
Median Rent
$103,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Turnkey 9-unit building with updated studios and one one-bedroom unit, including new kitchens, bathrooms, flooring, and electrical.
Where is this apartment building located?
The property is located at 415 W Walnut St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 9 total units: 8 studio apartments and 1 one‑bedroom unit; Recently updated units with new kitchens and appliances, updated bathrooms, new flooring, and modern lighting; Major improvements include new plumbing and updated electrical systems with separate electrical boxes
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message