Vine Neighborhood Multi-Unit
For Sale
$355,000
529 Wheaton Ave, Kalamazoo, MI 49008
Five-unit building in Vine Neighborhood with off-street parking.
Property SizeContact for details
Days on Market107
Property Features for 529 Wheaton Ave
General Information
Standard status
Active
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,743
Building Details
Year Built
1889
Units
5
Listing Agency:
Lukeman Group LLC
Listed By:
Joseph Lukeman · License #6501349281
(269) 598-6567
Source:
Elliman
Added: May 19
Changed: Aug 28
Last Checked: Sep 1 at 10:33PM
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.
Located in the Vine Neighborhood, this five-unit building is situated on Wheaton Ave. The property includes a large lot with ample off-street parking and a four-stall garage. Unit 1 features three bedrooms and two full bathrooms, with an approximate area of 1,100 square feet. Units 2 through 5 comprise a mix of studio and one-bedroom units, ranging from 600 to 800 square feet. The lower level of unit #1 includes legal living space with an egress window in the finished basement. The building is equipped with two furnaces and two central AC units. There are opportunities for a new owner to increase income with 4-stall garage conversion to rental space/storage units (est. $100 per unit post-renovation), and a coin-op washer/dryer. The bike score is 60, indicating it is bikeable, and the walk score is 71, indicating it is very walkable.
Key Highlights
- Five‑unit building in the desirable Vine Neighborhood.
- Large lot with ample off‑street parking and a 4‑stall garage.
- Unit 1 is a spacious 3‑bedroom, 2‑bathroom apartment (approx. 1,100 sqft).**
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 49008, MI
18,343
Population
7,124
Households
2.6
Avg Household Size
31
Median Age
55%
College-Educated
95%
High-School Grad
6.7 sq mi
ZIP Area
2,738
Density / Sq Mi
$67,339
Median Household Income
$31,756
Median Earnings
$1,005
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit building in Vine Neighborhood with off-street parking.
Where is this apartment building located?
The property is located at 529 Wheaton Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Five‑unit building in the desirable Vine Neighborhood.; Large lot with ample off‑street parking and a 4‑stall garage.; Unit 1 is a spacious 3‑bedroom, 2‑bathroom apartment (approx. 1,100 sqft).**
