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Four-Unit Apartment Building
For Sale
$209,900
Pending

609 Pearl St, Kalamazoo, MI 49007

Four one-bedroom units with split gas and individual water heaters, supported by owner-paid electric and water/trash.

Property SizeContact for details
Days on Market58

Property Features for 609 Pearl St

General Information

Standard status Pending
Total Parking Spaces 2
Property subtype Investment

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $2,515

Building Details

Year Built 1891
Units 4
Listing Agency: Lukeman Group LLC
Listed By: Joseph Lukeman · License #6501349281
Source: Elliman
Added: Jul 4 Changed: Aug 19 Last Checked: Aug 30 at 7:09PM

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.

This four-unit apartment building offers four one-bedroom units within a single residential income property. Each unit has its own water heater, and gas is split so tenants pay their own gas usage. The owner covers electric plus water and trash. Off-street parking is limited to approximately one to two spaces, while overnight parking is available on Pearl Street.

The property is described as being in the heart of the Vine Neighborhood on quiet Pearl Street in Kalamazoo, MI. WalkScore is listed as 71 (very walkable) and BikeScore as 60 (bikeable), which may support tenant convenience for everyday needs.

For buyers seeking a straightforward small multifamily setup, the building’s unit configuration and utilities are clearly structured: tenant-paid gas with in-unit water heaters, and owner-paid electric and water/trash. The history of being “easy to rent,” combined with the residential layout of four one-bedroom homes, may appeal to owner-operators or investors looking for manageable operating complexity within this property type.

Key Highlights

  • 1891‑built 4‑unit apartment building with four 1‑bedroom units
  • Split gas: tenant pays, with each unit having its own water heater
  • Owner pays electric plus water/trash

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Pet Grooming Service Locksmith Catering Service Acupuncture

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,765
Businesses Nearby

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

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

What type of property is this?
Quadplex - Four one-bedroom units with split gas and individual water heaters, supported by owner-paid electric and water/trash.
Where is this quadplex located?
The property is located at 609 Pearl St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1891‑built 4‑unit apartment building with four 1‑bedroom units; Split gas: tenant pays, with each unit having its own water heater; Owner pays electric plus water/trash
More about this property
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