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Five-Unit Apartment Building
For Sale
$475,000

232 Woodward Avenue, Kalamazoo, MI 49007

Multi Family, Kalamazoo, MI

Property SizeContact for details
Lot Size0.32 Acres
Days on Market234

Property Features for 232 Woodward Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RM-15
Bedrooms 5
Full bathrooms 5
Rooms Bedroom 2, Bedroom 5, Bathroom 5, Basement, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2
Parking 8
Parking features Driveway
Basement Full
Lot features Sidewalk
Elementary school Woodward School for Technology and Research
Middle school Linden Grove Middle School
High school Kalamazoo Central High School
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Directions Head east on W Main St toward N Dartmouth St Turn left onto Woodward Ave Destination will be on the right
Standard status Active
APN 06-16-418-016
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 46246 TRASKS ADDITION, LIBER 2 OF PLATS PAGE 26; LOT 16. ALSO THE S 66FT OF THE N 330FT OF LOT 24.
Tax Annual Amount 12131
Legal Description 46246 TRASKS ADDITION, LIBER 2 OF PLATS PAGE 26; LOT 16. ALSO THE S 66FT OF THE N 330FT OF LOT 24.

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Hot Water(Heating)
Cooling system Window Unit(s)

Amenities

off-street parking
carriage house

Building Details

Year built 1885
Number of units 5
Building materials Brick, Stucco
Roof type Composition
Listing Agency: Five Star Real Estate
Listed By: Kerry L Keefer Fischer · License #6501367416
Added: Feb 16 Changed: Sep 22 Last Checked: Oct 8 at 9:06AM
MLS# 26005619

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1885, this brick-and-stucco apartment property contains five rental units arranged across three stories. The configuration includes three one-bedroom apartments, one studio, and one two-bedroom apartment. Select units have updated kitchens and bathrooms, while hardwood flooring and original interior elements remain, including detailed trim and a decorative staircase railing.

The property occupies 0.32 acres and includes off-street driveway parking along with the original carriage house. Hot water heat, window-unit cooling, cable availability, public sewer, and a composition roof are among the existing property features. The 232 Woodward Avenue location is a short distance from local college campuses and downtown Kalamazoo.

Key Highlights

  • Five rental units: three one‑bedroom apartments, one studio, and one two‑bedroom apartment
  • Built in 1885 with original trim and a decorative staircase railing
  • 0.32‑acre property at 232 Woodward Avenue, Kalamazoo, MI 49007

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Florist Locksmith Acupuncture Pet 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,338
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick-and-stucco residence with varied apartment layouts, driveway parking, and a preserved carriage house.
Where is this apartment building located?
The property is located at 232 Woodward Avenue 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: three one‑bedroom apartments, one studio, and one two‑bedroom apartment; Built in 1885 with original trim and a decorative staircase railing; 0.32‑acre property at 232 Woodward Avenue, Kalamazoo, MI 49007
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