Fully Leased Multifamily
For Sale
$365,000
314 W Vine St, Kalamazoo, MI 49001
City certification runs through January 30, 2028.
Property Size3,128 SF
Price / SF$116.69
Days on Market63
Property Features for 314 W Vine St
General Information
Standard status
Active
Size
3,128 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$58,140
Building Details
Year Built
1905
Listing Agency:
Five Star Real Estate
Listed By:
Adam Atwood · License #6506047769
(269) 377-4589
Source:
Vmrealestatemichigan
Added: Aug 4
Changed: Oct 1
Last Checked: Oct 5 at 6:51PM
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 multifamily income property at 314 W Vine St in Kalamazoo was built in 1905 and is fully leased. City certification is in place through January 30, 2028.
Bronson Hospital, downtown Kalamazoo, WMU, and WMed are all within walking distance.
Bronson Hospital, downtown Kalamazoo, WMU, and WMed are all within walking distance.
Key Highlights
- Fully leased multifamily property
- City certified through January 30, 2028
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,896
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,920
$337.9K
Cap Rate 7%
$241,371
$241.4K
Cap Rate 9%
$187,733
$187.7K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$33.0K $10.56/SF
− Vacancy
−$2.3K −$0.74/SF
EGI
$30.7K $9.82/SF
− OpEx
−$13.8K −$4.42/SF
NOI
$16.9K $5.40/SF
Area
Kalamazoo County, MI
Vacancy
7.00%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,920
Cap Rate 7%
$241,371
Cap Rate 9%
$187,733
Alternative Uses
Best Use
Apartment 5plus
$241.4K
$211.2K – $281.6K
NOI $16,896 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$818.5K
$716.2K – $955.0K
NOI $57,297 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,575
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
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - City certification runs through January 30, 2028.
Where is this multifamily property located?
The property is located at 314 W Vine St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Fully leased multifamily property; City certified through January 30, 2028; Built in 1905
