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18-Unit Historic Apartment Buildings
For Sale
$1,000,000

316/324 Stuart Avenue, Kalamazoo, MI 49007

Multi Family, Kalamazoo, MI

Property SizeContact for details
Lot Size0.60 Acres
Days on Market170

Property Features for 316/324 Stuart Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RM-15
Bedrooms 12
Full bathrooms 12
Rooms Bedroom 5, Bathroom 7, Bedroom 1, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 8, Bathroom 6, Bathroom 9, Bathroom 4, Bedroom 4, Bedroom 10, Bathroom 5, Bedroom 11, Bedroom 3, Bedroom 6, Bathroom 10, Basement, Bathroom 12, Bedroom 12, Bedroom 9, Bathroom 1, Bathroom 11, Bedroom 7, Bathroom 3
Parking 16
Basement Full
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Directions W. Main & Kalamazoo Ave
Standard status Active
APN 06-16-416-007
Lot size 0.60 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description see attached
Tax Annual Amount 13430
Legal Description see attached

Utilities

Utilities Natural Gas Available
Heating system Steam

Amenities

carriage house
front porches
laundry

Building Details

Year built 1890
Number of units 18
Building materials Wood Siding
Roof type Composition, Slate
Listing Agency: O'Brien Real Estate
Listed By: Pat O'Brien · License #6502102326
Added: Apr 22 Changed: Sep 16 Last Checked: Oct 8 at 8:06AM
MLS# 26017154

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.

This multifamily property comprises two contiguous historic mansions containing 18 apartments, with many units recently remodeled. The improvements include a large carriage house, prominent front porches, laundry facilities, and substantial off-street parking. Wood siding, steam heat, slate and composition roofing, and natural gas availability are documented. The buildings date to 1890 and occupy approximately 0.6 acres.

The property is located on Stuart Avenue in Kalamazoo, near campus and within walking distance of downtown, K College, entertainment venues, restaurants, and bars. A future arena is also identified in the surrounding context.

Key Highlights

  • 18 apartments across two contiguous historic mansions
  • Approximately 0.6 acres on Stuart Avenue in Kalamazoo
  • Many apartments recently remodeled

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Big Box & Wholesale Store Florist

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

18
Residential units

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 - Two contiguous historic residences include a carriage house, front porches, laundry facilities, and off-street parking.
Where is this apartment building located?
The property is located at 316/324 Stuart Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 18 apartments across two contiguous historic mansions; Approximately 0.6 acres on Stuart Avenue in Kalamazoo; Many apartments recently remodeled
More about this property
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