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

316324 316/324 Stuart Ave, Kalamazoo, MI 49007

Two contiguous residences provide apartments, a carriage house, laundry, and off-street parking near downtown Kalamazoo.

Property SizeContact for details
Days on Market16

Property Features for 316324 316/324 Stuart Ave

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1890
Listing Agency: O'Brien Real Estate
Listed By: Pat O'Brien · License #6502102326
Source: Katie-k
Added: Aug 15 Changed: Aug 29 Last Checked: Aug 29 at 3:10PM

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 O'Brien Real Estate

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 also include a large carriage house, prominent front porches, laundry facilities, and substantial off-street parking. Built in 1890, the property combines historic residential architecture with an established apartment configuration.

Located at 316/324 Stuart Ave in Kalamazoo, the property is described as being close to campus and within walking distance of downtown, Kalamazoo College, entertainment, restaurants, and bars. The site is also near the future arena identified in the property information.

Key Highlights

  • 18 apartments across two contiguous historic mansions
  • Many apartments recently remodeled
  • Large carriage house included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Skin Care Clinic Acupuncture Furniture & Home Goods Florist Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

508
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

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 residences provide apartments, a carriage house, laundry, and off-street parking near downtown Kalamazoo.
Where is this apartment building located?
The property is located at 316324 316/324 Stuart Ave 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; Many apartments recently remodeled; Large carriage house included
More about this property
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