5-Unit Apartment
For Sale
$244,900
515 Locust Street, Kalamazoo, MI 49007
Multi Family, Kalamazoo, MI
Property SizeContact for details
Lot Size0.20 Acres
Days on Market150
Property Features for 515 Locust Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
RM-15
Bedrooms
4
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 1, Bathroom 3, Basement, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 3
Parking
5
Parking features
Driveway
Lot features
Level
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Standard status
Active
APN
06-21-236-409
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
50308 WELCHS ADDITION LOT 409.
Tax Annual Amount
5980
Legal Description
50308 WELCHS ADDITION LOT 409.
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Amenities
off-street parking
Building Details
Year built
1860
Number of units
5
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Lukeman Group LLC
Listed By:
Joseph Lukeman · License #6501349281
(269) 598-6567
Added: May 12
Changed: Sep 22
Last Checked: Oct 8 at 8:06AM
MLS# 26021664
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 5-unit apartment property was built in 1860 and contains three one-bedroom apartments plus two studio apartments. The improvements feature wood siding, a composition roof, forced-air heating, a basement, and public sewer service. Recent system updates include five furnaces and one water heater, while separate gas meters serve the units.
The property occupies 0.2 acres in the Vine Neighborhood of downtown Kalamazoo. Driveway parking provides off-street parking, and the site is near Western Michigan University, Kalamazoo College, and the central business district. Cable is available at the property.
The property occupies 0.2 acres in the Vine Neighborhood of downtown Kalamazoo. Driveway parking provides off-street parking, and the site is near Western Michigan University, Kalamazoo College, and the central business district. Cable is available at the property.
Key Highlights
- Five‑unit apartment property with three one‑bedroom apartments and two studio apartments
- 0.2‑acre lot in Kalamazoo’s Vine Neighborhood near downtown
- Five furnaces and one water heater recently installed
Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,765
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes three one-bedroom residences and two studio apartments, with off-street driveway parking on a sizable lot.
Where is this apartment building located?
The property is located at 515 Locust Street 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: Five‑unit apartment property with three one‑bedroom apartments and two studio apartments; 0.2‑acre lot in Kalamazoo’s Vine Neighborhood near downtown; Five furnaces and one water heater recently installed
