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Apartment Building Requiring Renovation
For Sale
$59,900

840 Village Street, Kalamazoo, MI 49008

Multi Family, Kalamazoo, MI

Property SizeContact for details
Lot Size0.18 Acres
Days on Market16

Property Features for 840 Village Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Bedroom 1, Bathroom 1, Basement, Bedroom 4, Bathroom 2
Parking 5
Parking features Paved or Surfaced
Lot features Level
Elementary school district Kalamazoo
Middle school district Kalamazoo
High school district Kalamazoo
Directions Grant to Village St.
Standard status Active
APN 06-21-269-006
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 33888 POTTS ADDITION N 62.25 FT OF LOT 21 TROWBRIDGES ADDITION E 4 R OF LOTS 11-12 EXC S 38 FT OF LOT 12 & EXC N 2 R OF LOT 11
Tax Annual Amount 1987
Legal Description 33888 POTTS ADDITION N 62.25 FT OF LOT 21 TROWBRIDGES ADDITION E 4 R OF LOTS 11-12 EXC S 38 FT OF LOT 12 & EXC N 2 R OF LOT 11

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air

Building Details

Year built 1895
Number of units 5
Building materials Wood Siding
Roof type Composition
Listing Agency: Martell Realty Inc.
Listed By: Heather A Martell
Added: Sep 12 Changed: Sep 13 Last Checked: Sep 27 at 12:06PM
MLS# 26048719

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.

Built in 1895, this apartment property presents a substantial renovation project with an existing five-unit arrangement. The building has wood siding, a composition roof installed 6 years ago, forced-air heating, and a paved or surfaced parking area. Public sewer service is in place, and cable is available.

The property occupies 0.18 acres at 840 Village Street in Kalamazoo, near Western Michigan University. It is being sold as is, with personal property left by the seller included. Any future use, unit configuration, occupancy requirements, utilities, and municipal approvals should be confirmed through buyer inspections and the appropriate authorities.

Key Highlights

  • Existing five‑unit apartment layout
  • 0.18‑acre property built in 1895
  • Composition roof installed 6 years ago

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 - Existing multi-unit layout near Western Michigan University offers a defined starting point for redevelopment.
Where is this apartment building located?
The property is located at 840 Village Street 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; 0.18‑acre property built in 1895; Composition roof installed 6 years ago
More about this property
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