Turnkey Duplex with Value-Add
For Sale
$199,900
417 Locust Street, Kalamazoo, MI 49007
MULTI_FAMILY - Kalamazoo, MI
Property SizeContact for details
Lot Size0.10 Acres
Days on Market121
Property Features for 417 Locust Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 5, Bathroom 2
Parking
4
Basement
Full
Lot features
Sidewalk
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Standard status
Active
APN
06-21-226-003
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50266 WELCHS ADDITION S 1/2 LOT 397
Tax Annual Amount
3422
Legal Description
50266 WELCHS ADDITION S 1/2 LOT 397
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Building Details
Year built
1905
Number of units
2
Building materials
Brick, Wood Siding
Roof type
Composition
Listing Agency:
Keller Williams Kalamazoo Market Center · Keller Williams Realty
(269) 324-3600
Listed By:
Jessica A Lee
(269) 254-2476
Added: Apr 23
Changed: Jul 25
Last Checked: Aug 21 at 11:06PM
MLS# 26017298
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 turnkey duplex in Kalamazoo, Michigan, presents a strong rental history and clear value-add potential. The property has maintained full occupancy over the past 13 months, demonstrating consistent income and solid rental demand. One unit will be vacant at the end of April, offering immediate flexibility for an investor or owner-occupant to reposition rents in line with current market conditions. The spacious 4-bedroom, 2-bath unit provides an excellent opportunity to maximize returns with targeted updates, while the occupied unit continues to generate steady income. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and a rebuilt rear patio deck. Situated on a 0.1-acre lot, this residential income property is ideal for investors seeking a strong-performing asset with in-place income and the ability to capture increased cash flow and long-term appreciation.
Key Highlights
- Duplex built in 1905 with brick and wood siding exterior
- Forced‑air heating and composition roof
- Public sewer service
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,806
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Kalamazoo duplex with rental income and value-add opportunity.
Where is this duplex located?
The property is located at 417 Locust Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex built in 1905 with brick and wood siding exterior; Forced‑air heating and composition roof; Public sewer service
