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5-Unit Apartment Building
New
For Sale
$223,000

415 Davis Street, Kalamazoo, MI 49007

A mix of efficiency and one-bedroom apartments includes shared laundry hookups and off-street parking.

Property SizeContact for details
Days on Market2

Property Features for 415 Davis Street

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 2 x efficiency, 3 x 1BR
Multifamily Units 5

Additional Details

Public Transit Yes

Amenities

on site laundry hook up

Building Details

Buildings 1
Listing Agency: Lukeman Group LLC
Listed By: Joseph Lukeman · License #6501349281
Source: Brendaharrisgroup
Added: Sep 26 Last Checked: Aug 25 at 9:43AM

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 1911 apartment property contains five units: two efficiencies and three one-bedroom apartments. Laundry hookups are available on site, and the property has off-street parking. The landlord currently pays utilities. Two second-floor units have individual furnaces; the building could accommodate two additional furnaces to separate gas service for more units.

The property is in Kalamazoo’s Vine Neighborhood, near downtown. Western Michigan University, Kalamazoo College, and bus service are nearby. The Walk Score is 70 and the Bike Score is 36.

Key Highlights

  • Five apartments: two efficiencies and three one‑bedroom units
  • Built in 1911
  • Off‑street parking and on‑site laundry hookups

Property Analytics

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Current Use

Tessa's House Apartment Building

Suggested Use

Top Pick Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Florist Pet Grooming 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,733
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
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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 - A mix of efficiency and one-bedroom apartments includes shared laundry hookups and off-street parking.
Where is this apartment building located?
The property is located at 415 Davis Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $223,000.
What are key features of this property?
This property features: Five apartments: two efficiencies and three one‑bedroom units; Built in 1911; Off‑street parking and on‑site laundry hookups
More about this property
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