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Updated 9-Unit Apartment Building
For Sale
$624,900

415 W Walnut Street, Kalamazoo, MI 49007

Multi Family, Kalamazoo, MI

Property SizeContact for details
Lot Size0.16 Acres
Days on Market164

Property Features for 415 W Walnut Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RM- Residential
Bedrooms 9
Full bathrooms 9
Rooms Bedroom 3, Bedroom 1, Bedroom 5, Bedroom 7, Bathroom 2, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 7, Bedroom 2, Basement, Bathroom 9, Bathroom 8, Bathroom 6
Parking 20
Basement Full
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Standard status Active
APN 06-22-116-005
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 27051 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; THE WEST 43.29FT OF LOT 43
Tax Annual Amount 6563
Legal Description 27051 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; THE WEST 43.29FT OF LOT 43

Utilities

Utilities Phone Available
Heating system Baseboard

Building Details

Year built 1900
Number of units 9
Building materials Aluminum Siding
Roof type Composition
Listing Agency: Bellabay Realty LLC
Listed By: Charles Teunis · License #6501439451
Added: Apr 28 Changed: Oct 6 Last Checked: Oct 8 at 8:06AM
MLS# 26018721

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 9-unit apartment property contains 8 studio apartments and 1 one-bedroom unit on a 0.16-acre parcel. Recent improvements include new kitchens and appliances, refreshed bathrooms, replacement flooring, and modern lighting. Building systems have also been upgraded with new plumbing and updated electrical service, including separate electrical boxes for the units.

Constructed in 1900, the building has aluminum siding, a composition roof, and baseboard heating. Phone service is available. The property is located at 415 W Walnut Street in Kalamazoo’s Vine Neighborhood, near parks, restaurants, hospitals, universities, local shops, employment centers, and education hubs.

Key Highlights

  • 9 total units: 8 studio apartments and 1 one‑bedroom unit
  • 0.16 acres at 415 W Walnut Street, Kalamazoo, MI 49007
  • New kitchens, appliances, bathrooms, flooring, and lighting

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Carpet & Flooring Store Locksmith

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

3,380
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 - Recent interior work includes new kitchens, appliances, bathrooms, flooring, and modern lighting throughout the apartments.
Where is this apartment building located?
The property is located at 415 W Walnut Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: 9 total units: 8 studio apartments and 1 one‑bedroom unit; 0.16 acres at 415 W Walnut Street, Kalamazoo, MI 49007; New kitchens, appliances, bathrooms, flooring, and lighting
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