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Kalamazoo Multi-Unit Building For Sale
For Sale
$355,000

529 Wheaton Avenue, Kalamazoo, MI 49008

MULTI_FAMILY - Kalamazoo, MI

Property SizeContact for details
Lot Size0.30 Acres
Days on Market96

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 Basement, Bedroom 4, Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2
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: Aug 15 Last Checked: Aug 21 at 5:06PM
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.

Located in the Vine Neighborhood of Kalamazoo, this five-unit building is situated on Wheaton Avenue. 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 has legal living space, including 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 a four-stall garage conversion to rental space or storage units, estimated at $100 per unit post-renovation, and a coin-operated washer and dryer.

Key Highlights

  • 5‑unit building in the Vine neighborhood on Wheaton Ave with a large lot and plenty of off‑street parking
  • Unit mix: Unit 1 is a 3BR/2BA ~1,100 SF; Units 2–5 are studios to 1BR units ranging ~600–800 SF
  • Legal lower‑level living space in Unit 1 with basement egress window in finished space

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

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

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 - Five-unit building in Vine Neighborhood with parking and garage.
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: 5‑unit building in the Vine neighborhood on Wheaton Ave with a large lot and plenty of off‑street parking; Unit mix: Unit 1 is a 3BR/2BA ~1,100 SF; Units 2–5 are studios to 1BR units ranging ~600–800 SF; Legal lower‑level living space in Unit 1 with basement egress window in finished space
More about this property
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