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6-Unit Apartment Building
For Sale
$259,900

301 Douglas Ave, Kalamazoo, MI 49007

The unit mix includes three studios and three one-bedroom residences.

Property SizeContact for details
Days on Market9

Property Features for 301 Douglas Ave

General Information

Standard status Active
Property subtype Investment
Occupancy 100%

Units

Unit Mix 3 x 1BR, 3 x studio
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $4,288

Building Details

Year Built 1890
Units 6
Listing Agency: Lukeman Group LLC
Listed By: Joseph Lukeman · License #6501349281
Source: Elliman
Added: Sep 29 Last Checked: Oct 5 at 6:59PM

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 Lukeman Group LLC

Investment Insights

Based on property information with market context.

This 1890 apartment property contains six residences: three studios and three one-bedroom units. The building is fully occupied, and tenants pay their own gas and electric service. The property is city certified.

At 301 Douglas Ave in Kalamazoo, the building is within the Stuart Historic District and close to K College and WMU. Its Walk Score is 70 and its Bike Score is 36.

Key Highlights

  • Six apartments: three studios and three one‑bedroom units
  • Fully occupied; tenants pay gas and electric
  • City certified

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Electrical Service

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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

709
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 - The unit mix includes three studios and three one-bedroom residences.
Where is this apartment building located?
The property is located at 301 Douglas Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Six apartments: three studios and three one‑bedroom units; Fully occupied; tenants pay gas and electric; City certified
More about this property
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