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5395 Thayer Ave, Kalamazoo, MI 49004

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For Sale

$325,000

Duplexes

Type:Investment

Property size:

3,488 SF

Lot size:

0.50 Acres

Price / SF:

$93/SF

HighLights

Move‑in ready unit ideal for house hacking or immediate rental income, alongside a currently occupied unit providing stable cash flow.
Significant rental income upside potential, with current rents at $850 and market rents near $1,200 per unit.
Recent updates including new HVAC, central air, paint, carpet, and connection to city water, minimizing immediate expenses.
Each unit features 2 bedrooms, 1 full bath, and approximately 1,744 sq ft of living space.
Full walkout basements in both units offer exceptional storage or future finishing potential.
Each unit includes a one‑car garage plus additional driveway parking on a large lot in desirable Cooper Township within Parchment Schools.

We can help!

Listing Contact

Jeff Lee

Learn more

For Sale

$325,000

Duplexes

Type:Investment

Property size:

3,488 SF

Lot size:

0.50 Acres

Price / SF:

$93/SF

Added:: Apr 27, 2026
Days on Market:: 57
Last Refresh:: Apr 27 at 5:36 pm

Property Features for 5395 Thayer Ave

General Information

Standard status: Active
Size: 3,488 SF
Lot size: 0.50 Acres
Property subtype: Investment

Building Details

Year Built: 1989

We can help!

Listing Contact

Jeff Lee

Listing agent Jeff Lee License #6502334434

Listing office

Listing date Apr 27, 2026

Source Elliman

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 Jeff Lee

HighLights

Move‑in ready unit ideal for house hacking or immediate rental income, alongside a currently occupied unit providing stable cash flow.
Significant rental income upside potential, with current rents at $850 and market rents near $1,200 per unit.
Recent updates including new HVAC, central air, paint, carpet, and connection to city water, minimizing immediate expenses.
Each unit features 2 bedrooms, 1 full bath, and approximately 1,744 sq ft of living space.
Full walkout basements in both units offer exceptional storage or future finishing potential.
Each unit includes a one‑car garage plus additional driveway parking on a large lot in desirable Cooper Township within Parchment Schools.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$31.4k	$9.00
− Vacancy	−$2.1k	−$0.60
EGI	$29.3k	$8.40
− OpEx	−$8.8k	−$2.52
NOI	$20.5k	$5.88

3,488 SF · lease $9.00/SF/yr · vacancy 6.65% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$293.0K

$256.4K – $341.9K (±1% cap)

NOI $20,513 @ 7.0% cap · market cap 6.31%

Second Best

Apartment 5plus

$269.1K

$235.5K – $314.0K (±1% cap)

NOI $18,840 @ 7.0% cap · market cap 5.80%

Theoretical Best

Warehouse

$912.7K

$798.7K – $1.06M (±1% cap)

NOI $63,892 @ 7.0% cap · market cap 19.66%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Kalamazoo
County: Kalamazoo
State: Michigan
Longitude: -85.55865
Latitude: 42.33808

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For sale
Duplexes
MI
Kalamazoo
49004
5395 Thayer Ave

Where is this duplex located?

The property is located at 5395 Thayer Ave Kalamazoo, MI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Move‑in ready unit ideal for house hacking or immediate rental income, alongside a currently occupied unit providing stable cash flow.; Significant rental income upside potential, with current rents at $850 and market rents near $1,200 per unit.; Recent updates including **new HVAC, central air, paint, carpet, and connection to city water**, minimizing immediate expenses.