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Three-Unit Apartment Building with Parking
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 Market75

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 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Basement
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: Jul 25 Last Checked: Aug 21 at 7:06PM
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 building offers a mix of apartment types, including an efficiency, a 1-bedroom/1-bath unit, and a 2-bedroom/1-bath unit. The property includes plenty of off-street parking, providing convenient on-site space for residents. The building is positioned as a residential income asset with a straightforward unit mix across its three separate apartments.

Located at 617 Forest Street in downtown Kalamazoo, the property is described as being available in the Vine Neighborhood. The availability of off-street parking supports day-to-day tenant use and helps reduce reliance on on-street spaces.

From an ownership and leasing standpoint, the tenant experience is supported by a clear utility structure: gas is paid by the tenants, while all other utilities are paid by the owner. With its mix of efficiency, 1-bedroom, and 2-bedroom layouts, the building may appeal to a range of household sizes seeking small-unit convenience or additional space within the same property. This is a practical option for buyers looking for a three-unit residential income building with on-site parking and an established utility arrangement.

Key Highlights

  • 3‑unit apartment building in the Vine neighborhood of downtown Kalamazoo
  • Unit mix: efficiency, 1 bed/1 bath, and 2 bed/1 bath
  • Plenty of off‑street parking (paved or surfaced)

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
Multi-tenant
Tenancy

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
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit building in Kalamazoo with varied unit sizes and off-street parking.
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: 3‑unit apartment building in the Vine neighborhood of downtown Kalamazoo; Unit mix: efficiency, 1 bed/1 bath, and 2 bed/1 bath; Plenty of off‑street parking (paved or surfaced)
More about this property
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