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Three-Unit Apartment Building
For Sale
$153,000
Pending

617 Forest Street, Kalamazoo, MI 49008

Multi Family, Kalamazoo, MI

Property SizeContact for details
Lot Size0.12 Acres
Days on Market93

Property Features for 617 Forest Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description RM-15
Bedrooms 4
Full bathrooms 3
Rooms Bedroom 3, Basement, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3
Parking 4
Parking features Paved or Surfaced
Basement Partial
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Standard status Pending
APN 06-21-442-063
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2216

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1895
Number of units 3
Building materials Aluminum Siding
Roof type Composition
Listing Agency: Lukeman Group LLC
Listed By: Joseph Lukeman · License #6501349281
Added: Jun 8 Changed: Sep 7 Last Checked: Sep 8 at 11:06AM
MLS# 26027737

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 three-unit apartment property at 617 Forest Street includes an efficiency, a one-bedroom/one-bath unit, and a two-bedroom/one-bath unit. The building was constructed in 1895 and features aluminum siding, forced-air heat, a composition roof, and a basement. The 0.12-acre site provides paved off-street parking.

Located in Kalamazoo’s Vine Neighborhood near downtown, the property is served by public sewer, with cable available. Tenants pay gas service, while the owner covers all other utilities. The unit mix offers a range of apartment configurations within a compact multifamily asset.

Key Highlights

  • Three‑unit apartment building with efficiency, one‑bedroom/one‑bath, and two‑bedroom/one‑bath units
  • 0.12‑acre site with paved off‑street parking
  • Located in the Vine Neighborhood near downtown Kalamazoo

Property Analytics

Current Use

Triplexes

Suggested Use

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,711
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Mixed unit layouts with paved off-street parking and tenant-paid gas.
Where is this triplex located?
The property is located at 617 Forest Street 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: Three‑unit apartment building with efficiency, one‑bedroom/one‑bath, and two‑bedroom/one‑bath units; 0.12‑acre site with paved off‑street parking; Located in the Vine Neighborhood near downtown Kalamazoo
More about this property
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