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Five-Unit Multifamily Investment Opportunity

515 Locust St Kalamazoo, MI 49007

515 Locust St, Kalamazoo, MI, 49007
$244,900
For Sale
$244,900

Multifamily property in Kalamazoo's Vine Neighborhood, close to universities.

Days on Market67

Property Features for 515 Locust St

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1860
Listing Agency Lukeman Group LLC
Listed by Joseph Lukeman · License #6501349281
Source Elliman
Added: May 14 Checked: Jul 17 at 3:50 am

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 multifamily property features five units and is located in the Vine Neighborhood of downtown Kalamazoo. The property is situated on a large lot with ample off-street parking. Its location offers proximity to Western Michigan University (WMU), Kalamazoo College, and the central business district. The unit mix includes three one-bedroom apartments and two studio apartments. A newer roof has been installed. The property also benefits from recently installed furnaces and a split gas meter setup.

Key Highlights

  • 5‑unit investment property in downtown Kalamazoo's desirable Vine Neighborhood
  • Newer roof and recently installed furnaces with split gas meters
  • Large lot with ample off‑street parking

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Multifamily property in Kalamazoo's Vine Neighborhood, close to universities.
Where is this apartment building located?
The property is located at 515 Locust St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: 5‑unit investment property in downtown Kalamazoo's desirable Vine Neighborhood; Newer roof and recently installed furnaces with split gas meters; Large lot with ample off‑street parking
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