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Updated 9-Unit Multifamily Building
For Sale
$649,900

415 W Walnut Street, Kalamazoo, MI 49007

MULTI_FAMILY - Kalamazoo, MI

Property SizeContact for details
Lot Size0.16 Acres
Days on Market118

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 7, Bathroom 8, Bathroom 7, Bedroom 1, Bedroom 8, Bedroom 5, Bedroom 6, Basement, Bathroom 5, Bathroom 3, Bedroom 2, Bathroom 9, Bathroom 6, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 9
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: Jul 25 Last Checked: Aug 23 at 10:06AM
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 updated multifamily apartment building contains 9 total units, including 8 studio apartments and 1 one-bedroom unit. Recent renovations throughout include new kitchens with appliances, updated bathrooms, new flooring, and modern lighting, creating a clean, low-maintenance interior. Major capital improvements include new plumbing and updated electrical systems with separate electrical boxes, supporting easier management and improved reliability.

Located in Kalamazoo’s Vine Neighborhood, the property is described as minutes from parks, restaurants, hospitals, universities, and local shops.

The current configuration offers a straightforward unit mix for a rental portfolio, supported by the completed interior updates and utility improvements.

Key Highlights

  • 9 total units: 8 studio apartments and 1 one‑bedroom unit
  • Major updates include new plumbing and updated electrical systems with separate electrical boxes
  • Each unit features new kitchens with appliances and updated bathrooms

Property Analytics

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
Multi-tenant
Tenancy

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

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 - Nine total units feature 8 studio apartments and 1 one-bedroom, with recent interior updates and major plumbing/electrical improvements.
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 $649,900.
What are key features of this property?
This property features: 9 total units: 8 studio apartments and 1 one‑bedroom unit; Major updates include new plumbing and updated electrical systems with separate electrical boxes; Each unit features new kitchens with appliances and updated bathrooms
More about this property
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