Three-Unit Apartment Building with
For Sale
$153,000
617 Forest St, Kalamazoo, MI 49008
Three rental units offer a mix of efficiency and 1–2 bedroom layouts with off-street parking.
Days on Market49
Property Features for 617 Forest St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Year Built
1895
Listing Agency:
Lukeman Group LLC
(269) 598-6567
Listed By:
Joseph Lukeman · License #6501349281
(269) 598-6567
Source:
Elliman
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 1 at 11:08AM
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 three-unit apartment building provides a straightforward rental mix, including one efficiency unit, one 1-bedroom/1-bath unit, and one 2-bedroom/1-bath unit. Off-street parking is available for tenants. The utility arrangement is also clearly defined: gas is paid by the tenants, while all other utilities are paid by the owner.
The property is located in the Vine neighborhood in downtown Kalamazoo, offering walkability and bike-friendly access. WalkScore is listed at 71 (very walkable) and BikeScore at 60 (bikeable), which can support tenant lifestyle convenience for everyday errands and appointments.
For investors or owner-operators seeking a small multifamily asset, the unit mix provides variety across efficiency and bedroom sizes within a single building. The off-street parking helps accommodate tenant needs, while the gas-by-tenant structure can simplify operating expense management compared with fully owner-paid utilities. With three separate apartments under one roof, this configuration is often attractive for buyers looking to manage a compact residential income property.
The property is located in the Vine neighborhood in downtown Kalamazoo, offering walkability and bike-friendly access. WalkScore is listed at 71 (very walkable) and BikeScore at 60 (bikeable), which can support tenant lifestyle convenience for everyday errands and appointments.
For investors or owner-operators seeking a small multifamily asset, the unit mix provides variety across efficiency and bedroom sizes within a single building. The off-street parking helps accommodate tenant needs, while the gas-by-tenant structure can simplify operating expense management compared with fully owner-paid utilities. With three separate apartments under one roof, this configuration is often attractive for buyers looking to manage a compact residential income property.
Key Highlights
- 3‑unit apartment building built in 1895 in the Vine Neighborhood of downtown Kalamazoo
- Unit mix includes an efficiency, a 1 bed/1 bath, and a 2 bed/1 bath
- Plenty of off‑street parking available on‑site
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,193
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?
Triplex - Three rental units offer a mix of efficiency and 1–2 bedroom layouts with off-street parking.
Where is this triplex located?
The property is located at 617 Forest St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $153,000.
What are key features of this property?
This property features: 3‑unit apartment building built in 1895 in the Vine Neighborhood of downtown Kalamazoo; Unit mix includes an efficiency, a 1 bed/1 bath, and a 2 bed/1 bath; Plenty of off‑street parking available on‑site
