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Five-Unit Apartment Building
For Sale
$355,000

529 Wheaton Avenue, Kalamazoo, MI 49008

Multi Family, Kalamazoo, MI

Property SizeContact for details
Lot Size0.30 Acres
Days on Market144

Property Features for 529 Wheaton Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RM-15
Bedrooms 6
Full bathrooms 6
Rooms Bathroom 4, Bedroom 1, Bathroom 3, Basement, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 3, Bathroom 6, Bedroom 6
Parking 5
Basement Walk-Out Access
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Standard status Active
APN 06-21-433-011
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 50776 WHEATONS ADDITION LOT 11.
Tax Annual Amount 9743
Legal Description 50776 WHEATONS ADDITION LOT 11.

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1889
Number of units 5
Building materials Wood Siding
Listing Agency: Lukeman Group LLC
Listed By: Joseph Lukeman · License #6501349281
Added: May 18 Changed: Sep 22 Last Checked: Oct 8 at 8:06AM
MLS# 26023059

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 1889 apartment building contains five units on a 0.3-acre parcel at 529 Wheaton Avenue in Kalamazoo. The unit mix includes a three-bedroom, two-bathroom apartment of approximately 1,100 square feet, along with four studios and one-bedroom units ranging from 600 to 800 square feet. Unit 1 also includes finished lower-level living space with an egress window. The building has wood siding, two furnaces, two central AC units, forced-air heating, and a coin-operated washer and dryer.

The property provides off-street parking and a detached four-stall garage. Natural gas is available, and the property is served by public sewer. The garage is identified as a potential area for conversion to rental or storage units, subject to applicable approvals and renovation requirements.

Key Highlights

  • Five‑unit apartment building constructed in 1889
  • 0.3‑acre lot with off‑street parking
  • Unit 1: 3 bedrooms, 2 full bathrooms, approximately 1,100 sqft

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Florist Big Box & Wholesale Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,925
Businesses Nearby

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
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Wood-sided multifamily property with off-street parking, a four-stall garage, and central air conditioning.
Where is this apartment building located?
The property is located at 529 Wheaton Avenue 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 apartment building constructed in 1889; 0.3‑acre lot with off‑street parking; Unit 1: 3 bedrooms, 2 full bathrooms, approximately 1,100 sqft
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