City-Certified
For Sale
$179,900
1415 Sherwood Avenue, Kalamazoo, MI 49048
Two-unit rental property with forced-air heat, natural gas service, and vinyl siding.
Property Size867 SF
Price / SF$207.50
Days on Market306
Property Features for 1415 Sherwood Avenue
General Information
Standard status
Active
Size
867 SF
Property subtype
Residential Income / Multi Family
Additional Details
Gross Income
$24,900
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,776
Amenities
Forced Air, Yes
Yes
Forced Air
Natural Gas
0.0
Michigan Basement
Vinyl Siding
Building Details
Year Built
1900
Units
2
Listing Agency:
Berkshire Hathaway HomeServices MI
Listed By:
Jenny Doan · License #6506049378
(269) 370-0361
Source:
Compass
Added: Dec 3, 2025
Changed: Oct 4
Last Checked: Oct 4 at 11:59AM
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 Berkshire Hathaway HomeServices MI
Investment Insights
Based on property information with market context.
This duplex at 1415 Sherwood Avenue in Kalamazoo was built in 1900 and includes forced-air heating, natural gas service, vinyl siding, and a Michigan basement. The property is city-certified through 12/30/26.
Tenants pay utilities, and Icon Management currently provides professional management. The asset offers a two-unit configuration for an owner seeking a residential income property with established operational details.
Tenants pay utilities, and Icon Management currently provides professional management. The asset offers a two-unit configuration for an owner seeking a residential income property with established operational details.
Key Highlights
- Duplex at 1415 Sherwood Avenue, Kalamazoo, MI 49048
- City certification valid through 12/30/26
- Tenants pay utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,099
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,980
$102.0K
Cap Rate 7%
$72,843
$72.8K
Cap Rate 9%
$56,656
$56.7K
Market Conditions
NOI Build-Up for 867 SF
Gross rent
$7.8K $9.00/SF
− Vacancy
−$519 −$0.60/SF
EGI
$7.3K $8.40/SF
− OpEx
−$2.2K −$2.52/SF
NOI
$5.1K $5.88/SF
Area
Kalamazoo County, MI
Vacancy
6.65%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$101,980
Cap Rate 7%
$72,843
Cap Rate 9%
$56,656
Alternative Uses
Best Use
Multifamily LT 5
$72.8K
$63.7K – $85.0K
NOI $5,099 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$66.9K
$58.5K – $78.1K
NOI $4,683 @ 7.0% cap · market cap 2.60%
Theoretical Best
Warehouse
$226.9K
$198.5K – $264.7K
NOI $15,881 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit rental property with forced-air heat, natural gas service, and vinyl siding.
Where is this duplex located?
The property is located at 1415 Sherwood Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Duplex at 1415 Sherwood Avenue, Kalamazoo, MI 49048; City certification valid through 12/30/26; Tenants pay utilities
