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Historic 5-Unit Apartment Building
For Sale
$59,900

840 Village St, Kalamazoo, MI 49008

Renovation project near Western Michigan University with a roof replaced six years ago.

Property SizeContact for details
Days on Market13

Property Features for 840 Village St

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence extensive repairs and renovation

Additional Details

Multifamily Units 5

Building Details

Year Built 1895
Listing Agency: RE/MAX Perrett Associates
Listed By: Rogers Neighborhood Realty
Source: Rogersneighborhoodrealty
Added: Sep 15 Changed: Sep 26 Last Checked: Sep 26 at 6:43AM

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 RE/MAX Perrett Associates

Investment Insights

Based on property information with market context.

Built in 1895, this historic apartment property contains an existing five-unit layout and is positioned near Western Michigan University. The building retains historic character, while the roof is 6 years old and provides one completed improvement for the next phase of work.

The property requires extensive repairs and renovation and is offered as-is, including personal property left by the seller. Its current configuration may support a multifamily restoration plan, subject to verification of zoning, unit configuration, municipal approvals, utilities, and occupancy requirements. Buyers should complete their own inspections and confirm all renovation and rental requirements with the appropriate authorities.

Key Highlights

  • Existing five‑unit apartment layout
  • Built in 1895 with retained historic character
  • Roof is 6 years old

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Storage Facility (Bike/Boat/Book/etc) Store Electrical Service Florist Carpet & Flooring Store

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,532
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Apartment building - Renovation project near Western Michigan University with a roof replaced six years ago.
Where is this apartment building located?
The property is located at 840 Village St Kalamazoo, MI.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: Existing five‑unit apartment layout; Built in 1895 with retained historic character; Roof is 6 years old
More about this property
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