Two-Building Triplex-Plus
809 W CEDAR ST Kalamazoo, MI 49007
809 W CEDAR ST, Kalamazoo, MI, 49007
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For Sale
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Two buildings on one parcel offer seven residential units with off-street parking and city-certified status.
Property Size4,400 SF
Price / SF$113.64
Days on Market77
Property Features for 809 W CEDAR ST
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1927
Listing agency
Keller Williams Professionals
(734) 459-4700
Listed by
Jeff Glover · License #MI 6501317808
Source
Crexi
Added: May 8 Updated: Jul 23 at 1:18AM Checked: Jul 23 at 1:18AM
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
Investment Insights
Based on property information with market context.
This seven-unit residential income property is set up as two buildings on one parcel, consisting of a 4-unit building and a 3-unit building. The mix of unit updates and remaining in-place opportunities creates a straightforward path for ongoing improvements as rents stabilize.
The property is located in Kalamazoo, near Western Michigan University, Kalamazoo College, and downtown. It also includes off-street parking and functional unit layouts.
The seller indicates the property is city-certified and notes that a rent roll and financials are available upon request. Additional purchase flexibility is also described in the offering, including options such as land contract terms and openness to DSCR financing buyers.
The property is located in Kalamazoo, near Western Michigan University, Kalamazoo College, and downtown. It also includes off-street parking and functional unit layouts.
The seller indicates the property is city-certified and notes that a rent roll and financials are available upon request. Additional purchase flexibility is also described in the offering, including options such as land contract terms and openness to DSCR financing buyers.
Key Highlights
- Two buildings (4‑unit and 3‑unit) on one parcel totaling 7 residential units
- Year built 1927
- Off‑street parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $9.00 |
| − Vacancy | −$2.6k | −$0.60 |
| EGI | $37.0k | $8.40 |
| − OpEx | −$11.1k | −$2.52 |
| NOI | $25.9k | $5.88 |
4,400 SF · lease $9.00/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.7K
$323.5K – $431.3K
NOI $25,877 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$339.5K
$297.1K – $396.1K
NOI $23,766 @ 7.0% cap · market cap 4.75%
Theoretical Best
Warehouse
$1.15M
$1.01M – $1.34M
NOI $80,597 @ 7.0% cap · market cap 16.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kalamazoo Downtown Apartments
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Two buildings on one parcel offer seven residential units with off-street parking and city-certified status.
Where is this multifamily property located?
The property is located at 809 W CEDAR ST Kalamazoo, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two buildings (4‑unit and 3‑unit) on one parcel totaling 7 residential units; Year built 1927; Off‑street parking
