Townhouse-Style
715 W Kalamazoo Avenue, Kalamazoo, MI 49007
For Sale
New
$234,900
Multi Family, Kalamazoo, MI
Property Size3,276 SF
Lot Size0.20 Acres
Price / SF$71.70
Days on Market6
Property Features for 715 W Kalamazoo Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Basement
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Amenities
in-unit washer and dryer
private basement areas
Building Details
Year built
Number of units
Roof type
Buildings
Listing Agency:
Glover Agency
(248) 996-1100
Listed By:
Ryan M Prichard · License MI #6506048360
(616) 295-3632
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 9 at 11:06PM
MLS# 26058480
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.
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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 and three bedrooms. Together, the units provide approximately 3,276 square feet and six bedrooms. One unit also has a half bathroom. Both residences include private basement areas and in-unit washer and dryer accommodations, with two off-street parking spaces assigned to each unit.
The property is near Downtown Kalamazoo, Western Michigan University, Kalamazoo College, employment centers, dining, shopping, public transportation, and major roadways. Both units are occupied under leases that extend nearly another year, providing existing tenancy at the time of sale.
The property is near Downtown Kalamazoo, Western Michigan University, Kalamazoo College, employment centers, dining, shopping, public transportation, and major roadways. Both units are occupied under leases that extend nearly another year, providing existing tenancy at the time of sale.
Key Highlights
- Two townhouse‑style units with approximately 3,276 square feet combined
- Each residence has 3 bedrooms and approximately 1,638 square feet
- One unit includes a half bathroom
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 25.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,139
Businesses Nearby
Explore this area
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
Properties on Market for Duplexes in Kalamazoo
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences have private basement space, in-unit laundry, and off-street parking.
Where is this duplex located?
The property is located at 715 W Kalamazoo Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two townhouse‑style units with approximately 3,276 square feet combined; Each residence has 3 bedrooms and approximately 1,638 square feet; One unit includes a half bathroom
