4-Unit
For Sale
$389,900
1828 Winton Ave, Kalamazoo, MI 49001
Each residence has dedicated gas and electric meters, heating equipment, water heaters, and air conditioning.
Property Size2,416 SF
Price / SF$161.38
Days on Market100
Property Features for 1828 Winton Ave
General Information
Standard status
Active
Size
2,416 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1972
Listing Agency:
O'Brien Real Estate
Listed By:
Daniel P O'Brien
(269) 329-9276
Source:
Vmrealestatemichigan
Added: Jul 4
Changed: Oct 10
Last Checked: Oct 10 at 2:39AM
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 O'Brien Real Estate
Investment Insights
Based on property information with market context.
This 2,416-square-foot quadplex, built in 1972, contains four one-bedroom, one-bathroom residences. Each unit has separate gas and electric meters, a furnace, a water heater, and an air-conditioning unit; a house electric account serves the common area. The property is 100% occupied.
Owner-paid expenses include yard care, common-area electricity, snow plowing, water and sewer, and trash. The unit has city certification associated with 04/30/2028.
Owner-paid expenses include yard care, common-area electricity, snow plowing, water and sewer, and trash. The unit has city certification associated with 04/30/2028.
Key Highlights
- Four one‑bedroom, one‑bathroom units
- 2,416 square feet; built in 1972
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,209
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,180
$284.2K
Cap Rate 7%
$202,986
$203.0K
Cap Rate 9%
$157,878
$157.9K
Market Conditions
NOI Build-Up for 2,416 SF
Gross rent
$21.7K $9.00/SF
− Vacancy
−$1.4K −$0.60/SF
EGI
$20.3K $8.40/SF
− OpEx
−$6.1K −$2.52/SF
NOI
$14.2K $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%
$284,180
Cap Rate 7%
$202,986
Cap Rate 9%
$157,878
Alternative Uses
Best Use
Multifamily LT 5
$203.0K
$177.6K – $236.8K
NOI $14,209 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$186.4K
$163.1K – $217.5K
NOI $13,050 @ 7.0% cap · market cap 3.35%
Theoretical Best
Warehouse
$632.2K
$553.2K – $737.6K
NOI $44,255 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
250
Businesses Nearby
Explore this area
Business Placement
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
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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?
Quadplex - Each residence has dedicated gas and electric meters, heating equipment, water heaters, and air conditioning.
Where is this quadplex located?
The property is located at 1828 Winton Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; 2,416 square feet; built in 1972; 100% occupied
