Two-Unit Townhouse-Style
New
For Sale
$235,000
713 W Kalamazoo Avenue, Kalamazoo, MI 49007
Each residence has a private basement area and laundry facilities within the unit.
Property Size3,276 SF
Price / SF$71.73
Days on Market2
Property Features for 713 W Kalamazoo Avenue
General Information
Standard status
Active
Size
3,276 SF
Total Parking Spaces
4
Property subtype
Multi Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,500
Amenities
in-unit washer/dryer
private basement
Full
Yes
2
In Basement,In Unit
No
Sidewalk
0.2
4.0
66 x 132
Unpaved
Paved
1
Building Details
Year Built
1880
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Professionals
(734) 459-4700
Listed By:
Jeffrey Glover · License #6502408794
(248) 719-5292
Source:
Ensleyteam
Added: Oct 31
Last Checked: Oct 31 at 3:24AM
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 Keller Williams Professionals
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two townhouse-style residences, each with approximately 1,638 square feet, three bedrooms and a full bathroom. One unit also has a half bath. Together, the property offers approximately 3,276 square feet and six bedrooms. Both homes include private basement areas and in-unit washer and dryer accommodations; the building dates to 1880.
The property is in Kalamazoo, near Downtown Kalamazoo, Western Michigan University and Kalamazoo College, as well as employment centers, dining, shopping, public transportation and major roadways.
Both units are occupied under leases that extend nearly another year. Four off-street parking spaces are provided, with two assigned to each residence.
The property is in Kalamazoo, near Downtown Kalamazoo, Western Michigan University and Kalamazoo College, as well as employment centers, dining, shopping, public transportation and major roadways.
Both units are occupied under leases that extend nearly another year. Four off-street parking spaces are provided, with two assigned to each residence.
Key Highlights
- Two side‑by‑side units, each with approximately 1,638 square feet and 3 bedrooms
- Approximately 3,276 square feet combined, with 6 bedrooms
- One unit has an additional half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,266
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,320
$385.3K
Cap Rate 7%
$275,229
$275.2K
Cap Rate 9%
$214,067
$214.1K
Market Conditions
NOI Build-Up for 3,276 SF
Gross rent
$29.5K $9.00/SF
− Vacancy
−$2.0K −$0.60/SF
EGI
$27.5K $8.40/SF
− OpEx
−$8.3K −$2.52/SF
NOI
$19.3K $5.88/SF
Area
Kalamazoo County, MI
Vacancy
6.65%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,320
Cap Rate 7%
$275,229
Cap Rate 9%
$214,067
Alternative Uses
Best Use
Multifamily LT 5
$275.2K
$240.8K – $321.1K
NOI $19,266 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$252.8K
$221.2K – $294.9K
NOI $17,695 @ 7.0% cap · market cap 7.53%
Theoretical Best
Warehouse
$857.3K
$750.1K – $1.00M
NOI $60,008 @ 7.0% cap · market cap 25.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private basement area and laundry facilities within the unit.
Where is this duplex located?
The property is located at 713 W Kalamazoo Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with approximately 1,638 square feet and 3 bedrooms; Approximately 3,276 square feet combined, with 6 bedrooms; One unit has an additional half bath
