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Well-Maintained 3-Unit Apartment
For Sale
$199,900

731 Village Street, Kalamazoo, MI 49008

MULTI_FAMILY - Kalamazoo, MI

Property SizeContact for details
Lot Size0.25 Acres
Days on Market148

Property Features for 731 Village Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R
Bedrooms 5
Full bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Basement
Parking 5
Parking features Paved or Surfaced
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Standard status Active
APN 39-06-21-290-023
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 33896 POTTS ADDITION LOT 23
Tax Annual Amount 5508
Legal Description 33896 POTTS ADDITION LOT 23

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Forced Air

Amenities

on-site laundry facilities
rear parking lot

Building Details

Year built 1890
Number of units 3
Building materials Shingle Siding
Roof type Composition
Listing Agency: Five Star Real Estate
Listed By: Adam Atwood · License #6506047769
Added: Apr 6 Changed: Jul 27 Last Checked: Aug 31 at 12:06AM
MLS# 26013778

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 well-maintained three-unit apartment building is set up for straightforward residential income use. Tenants have on-site laundry facilities located in the basement, and the property includes a rear parking lot with off-street parking.

The building is located at 731 Village Street in Kalamazoo, Michigan (49008). The current gross monthly rent is listed as $2,956.

The offering is for a for-sale multifamily property consisting of three separate apartment units.

Key Highlights

  • 3‑unit apartment building with current gross monthly rent of $2,956
  • Tenants have on‑site basement laundry facilities
  • Rear parking lot with off‑street parking plus paved/surfaced parking

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Auto Parts Store Electrical Service Florist Locksmith

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

2,443
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 - Three-unit apartment building with on-site basement laundry and a rear off-street parking lot.
Where is this triplex located?
The property is located at 731 Village Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 3‑unit apartment building with current gross monthly rent of $2,956; Tenants have on‑site basement laundry facilities; Rear parking lot with off‑street parking plus paved/surfaced parking
More about this property
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