Five-Unit Multifamily Investment
For Sale
$244,900
515 Locust Street, Kalamazoo, MI 49007
Multifamily property in Kalamazoo's Vine Neighborhood, close to universities.
Property Size8,712 SF
Price / SF$28.11
Days on Market276
Property Features for 515 Locust Street
General Information
Standard status
Active
Size
8,712 SF
Property subtype
Residential Income / 5+ Units
Zoning
RM-15
Taxes and HOA fees
Annual Taxes
$5,980
Amenities
Forced Air, Yes
Yes
Forced Air
Natural Gas
0.0
Composition
Paved
Other
Wood Siding
Building Details
Year Built
1860
Units
5
Listing Agency:
Lukeman Group LLC
Listed By:
Joseph Lukeman · License #6501349281
(269) 598-6567
Source:
Compass
Added: Dec 30, 2025
Changed: Oct 2
Last Checked: Oct 1 at 2:15PM
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 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: 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
