Kalamazoo Multi-Unit Investment
For Sale
$475,000
232 Woodward Ave, Kalamazoo, MI 49007
Historic 5-unit property near colleges and downtown Kalamazoo.
Property SizeContact for details
Days on Market123
Property Features for 232 Woodward Ave
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,131
Building Details
Year Built
1885
Units
5
Listing Agency:
Five Star Real Estate
(269) 998-4062
Listed By:
Kerry L Keefer Fischer · License #6501367416
(269) 998-4062
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 23 at 8:47AM
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
Investment Insights
Based on property information with market context.
This historic multi-unit property in Kalamazoo offers five rental units with income potential. The main floor contains two one-bedroom apartments, while the second level features another one-bedroom unit and a studio. The third story showcases a spacious two-bedroom apartment. Some apartments feature refreshed kitchens and bathrooms, and hardwood floors. Historic details remain intact throughout the property, including original trim and an ornately crafted staircase railing. The property includes ample off-street parking and its original carriage house. Located blocks from local college campuses and the downtown scene, this location is suitable for attracting long-term tenants. This property is a chance to own a Kalamazoo classic with rental potential.
Key Highlights
- Five rental units offer strong income potential.
- Prime location near college campuses and downtown Kalamazoo.
- Ample off‑street parking available.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic 5-unit property near colleges and downtown Kalamazoo.
Where is this apartment building located?
The property is located at 232 Woodward Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Five rental units offer strong income potential.; Prime location near college campuses and downtown Kalamazoo.; Ample off‑street parking available.
