Historical 15-Unit Apartment
For Sale
$1,000,000
447 W Walnut St, Kalamazoo, MI 49007
Historical 15-unit apartment building in Kalamazoo's Vine Neighborhood.
Property SizeContact for details
Lot Size0.31 Acres
Days on Market143
Property Features for 447 W Walnut St
General Information
Standard status
Active
Lot size
0.31 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,758
Building Details
Year Built
1905
Units
15
Listing Agency:
Lukeman Group LLC
(269) 598-6567
Listed By:
Joseph Lukeman · License #6501349281
(269) 598-6567
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:27AM
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 historical 3-story brick apartment building, constructed in 1907, is located in Kalamazoo's Vine Neighborhood and contains 15 units. The unit mix includes nine 1-bedroom units, five 2-bedroom units, and one 4-bedroom unit. Significant capital improvements have been made over the years, with nine of the fifteen units featuring remodeled kitchens and bathrooms. Many units retain original character with hardwood floors and built-in features. The building has new electrical panel upgrades for all 15 units, two commercial water heaters, and backup electric heating systems in 4 units. Rents have increased year over year, and the building has historically been fully occupied. The property is certified through 7/31/27.
Key Highlights
- Historical 15‑unit brick apartment building in Kalamazoo's Vine Neighborhood
- 9 of 15 units have updated kitchens and bathrooms
- Mix of unit types: (9) 1‑bedroom, (5) 2‑bedroom, and (1) 4‑bedroom
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,380
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?
Apartment building - Historical 15-unit apartment building in Kalamazoo's Vine Neighborhood.
Where is this apartment building located?
The property is located at 447 W Walnut St 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: Historical 15‑unit brick apartment building in Kalamazoo's Vine Neighborhood; 9 of 15 units have **updated kitchens and bathrooms**; Mix of unit types: (9) 1‑bedroom, (5) 2‑bedroom, and (1) 4‑bedroom
