Kalamazoo Multifamily Investment
For Sale
$244,900
515 Locust Street, Kalamazoo, MI 49007
MULTI_FAMILY - Kalamazoo, MI
Property SizeContact for details
Lot Size0.20 Acres
Days on Market102
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 5, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 1, Basement
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
Building Details
Year built
1860
Number of units
5
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Lukeman Group LLC
(269) 598-6567
Listed By:
Joseph Lukeman · License #6501349281
(269) 598-6567
Added: May 12
Changed: Jul 25
Last Checked: Aug 21 at 2:06PM
MLS# 26021664
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Investment Insights
Based on property information with market context.
This multifamily property features five units in Kalamazoo's Vine Neighborhood, near Western Michigan University, Kalamazoo College, and the central business district. The property includes three one-bedroom apartments and two studio apartments. It is situated on a 0.2-acre lot with ample off-street parking. A newer roof has been installed. The property also features five recently installed furnaces, one recently installed water heater, and split gas meters.
Key Highlights
- 5‑unit investment property in the Vine Neighborhood of downtown Kalamazoo
- Unit mix: three 1‑bedroom apartments and two studio apartments
- Large lot with plenty of off‑street parking, plus driveway parking
Property Analytics
Property Profile
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
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 - Five-unit property in Kalamazoo's Vine Neighborhood near WMU and downtown.
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 the Vine Neighborhood of downtown Kalamazoo; Unit mix: three 1‑bedroom apartments and two studio apartments; Large lot with plenty of off‑street parking, plus driveway parking
