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    Kalamazoo, MI Multifamily Properties for Sale

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    Turnkey Investment Opportunity with Development Potential
    Updated: May 21
    Turnkey Investment Opportunity with Development Potential

    755 Portage St, Kalamazoo, MI 49001

    $317,000
    4,800 sqft
    Turnkey 3‑unit property with strong rental income.
    Includes two additional lots, offering development potential.
    New HVAC system, new water heater, and spray foam insulation for improved efficiency.
    Off‑street parking available.
    Electric, gas, and water are separately metered for the downstairs unit.
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    This listing looks promising.

    Here's a quick look at some key insights for

    755 Portage St, Kalamazoo, MI 49001

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $28K
      Annual

    • Mortgage

      $70K
      Recorded

    • Property Type

      Commercial (General)
      Built 1954
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    3-Unit Residential Income Property
    Updated: May 20
    3-Unit Residential Income Property

    755 Portage Street, Kalamazoo, MI 49001

    $309,000
    4,000 sqft 0.10 AC lot
    3‑unit property with 4,800 sq ft total and off‑street parking, plus two additional lots included in the sale
    Unit mix: 800 sq ft front apartment and 2,000 sq ft rear unit, with an additional income‑producing unit
    Seller pays water, sewer, and garbage; electric and gas are separately metered for the downstairs unit and water is separately metered
    Updates include a new HVAC system, new water heater, and 3‑inch spray foam insulation
    Roof materials: rubber and composition; exterior: vinyl siding
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    Victorian Duplex on Double Lot
    Victorian Duplex on Double Lot

    1224 E Main Street, Kalamazoo, MI 49048

    $209,900
    2,500 sqft 0.40 AC lot

    Victorian duplex on a double lot near shopping and highways.

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    16-Unit Apartment Building
    16-Unit Apartment Building

    1710 E G Avenue, Kalamazoo, MI 49004

    $1,290,000
    0.86 AC lot

    Sixteen-unit income property with mostly recently renovated interiors and a mix of 2-bedroom and 1-bedroom units.

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    Two-Unit Residential Income Duplex
    Two-Unit Residential Income Duplex

    6669 W H Ave, OshtemoCharterTownship_, Kalamazoo, MI 49009

    $589,000
    4,600 sqft

    Two well-sized units under one roof with attached two-car garages for flexible multi-living arrangements.

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    Duplex with Two Attached Garages
    Duplex with Two Attached Garages

    6669 W H Avenue, Kalamazoo, MI 49009

    $589,000
    0.48 AC lot

    Duplex-style multifamily with three private living spaces and two attached two-car garages.

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    Historic Victorian Multifamily Building
    Historic Victorian Multifamily Building

    916 W Kalamazoo Avenue, Kalamazoo, MI 49007

    $600,000
    0.57 AC lot

    Diverse rental mix includes a 2-bedroom apartment, multiple studios, and third-floor rooms with shared kitchen and bathrooms.

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    Historic Kalamazoo Multifamily Income Opportunity
    Historic Kalamazoo Multifamily Income Opportunity

    316/324 Stuart Avenue, Kalamazoo, MI 49007

    $1,000,000
    0.60 AC lot

    Two historic mansions with 18 apartments near downtown Kalamazoo.

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    Historical 15-Unit Apartment Building
    Historical 15-Unit Apartment Building

    447 West Walnut Street, Kalamazoo, MI 49007

    $1,100,000
    13,504 sqft

    Historical 15-unit apartment building in Kalamazoo's Vine Neighborhood.

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    Well-Maintained Four-Unit Residential Income
    Well-Maintained Four-Unit Residential Income

    1828 Winton Avenue, Kalamazoo, MI 49001

    $399,900
    0.23 AC lot

    Milwood 4-unit property with 1-bedroom, 1-bath units, each separately metered with individual HVAC components.

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    33-Unit All-Brick Apartment Property
    33-Unit All-Brick Apartment Property

    2907 S Burdick Street, Kalamazoo, MI 49001

    $2,900,000
    2.10 AC lot

    Well-maintained all-brick multifamily with 25-unit and 8-unit buildings plus recent mechanical and unit improvements.

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    Historical Kalamazoo Multifamily Investment Opportunity
    Historical Kalamazoo Multifamily Investment Opportunity

    447 W Walnut Street, Kalamazoo, MI 49007

    $1,100,000
    0.31 AC lot

    15-unit apartment building in Kalamazoo's Vine Neighborhood.

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    Turnkey Duplex with Separate Systems
    Turnkey Duplex with Separate Systems

    1021 Avondale Circle, Kalamazoo, MI 49048

    $239,888
    0.27 AC lot

    Two 2-bed/1-bath units with central air and separate heat, with tenants paying all utilities.

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    Turnkey Duplex with Two Basements
    Turnkey Duplex with Two Basements

    Kalamazoo, MI 49048

    $239,888
    1,400 sqft

    Two separate 2-bedroom units with full basements, central air, and utilities paid by tenants.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    3312 Lake Street, Kalamazoo, MI 49048

    $299,900
    0.26 AC lot

    Two recently redone 2-bedroom homes share a fenced back yard, with one featuring a large garage and central air.

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    Three-Unit Rental Property
    Three-Unit Rental Property

    108 Hutchinson Street, Kalamazoo, MI 49001

    $199,900
    0.44 AC lot

    Three rental units with newer major systems and utility coverage through landlord-paid water, sewer, and trash.

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    Historic 9-Unit Apartment Building
    Historic 9-Unit Apartment Building

    324 Stuart Avenue, Kalamazoo, MI 49007

    $599,000
    8,712 sqft

    Historic 9-unit property with many recently remodeled apartments, a carriage house, laundry, and off-street parking.

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    Move-In Ready Duplex with Private Yard
    Move-In Ready Duplex with Private Yard

    4225 Chelten Avenue, Kalamazoo, MI 49006

    $345,000
    0.36 AC lot

    Duplex features two full bathrooms per unit and private outdoor space including a deck, patio, and backyard.

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    Well-Maintained Triplex with Private Parking
    Well-Maintained Triplex with Private Parking

    127 Elm Street, Kalamazoo, MI 49007

    $329,900
    450 sqft

    Three-unit triplex on a large lot with shared drive, extensive private parking, and garage space.

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    Kalamazoo Multi-Unit Building For Sale
    Kalamazoo Multi-Unit Building For Sale

    529 Wheaton Avenue, Kalamazoo, MI 49008

    $355,000
    0.30 AC lot

    Five-unit building in Vine Neighborhood with parking and garage.

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    Kalamazoo Duplex Near WMU Campus
    Kalamazoo Duplex Near WMU Campus

    1203 Euclid Ave, Kalamazoo, MI 49006

    $575,000
    0.24 AC lot

    Side-by-side duplex near WMU with rental certification.

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    Kalamazoo Multifamily Value-Add Opportunity
    Kalamazoo Multifamily Value-Add Opportunity

    809-807 W Cedar Street, Kalamazoo, MI 49007

    $499,900
    0.20 AC lot

    Seven-unit property with upside potential near universities and downtown.

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    Historic Queen Anne Redevelopment Opportunity
    Historic Queen Anne Redevelopment Opportunity

    836 West North St, Kalamazoo, MI 49007

    $88,800
    4,000 sqft

    Historic Queen Anne in Kalamazoo, multi-family or commercial redevelopment.

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    Brick Duplex with Detached Workshop
    Brick Duplex with Detached Workshop

    720 Ashley Drive, Kalamazoo, MI 49048

    $170,000
    0.05 AC lot

    Well-maintained brick duplex with updated main unit, sunroom, fenced-backyard deck, and oversized detached garage workshop.

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    Kalamazoo, MI Multifamily Properties Market Trends and Statistics

    Explore 103 multifamily properties for sale in Kalamazoo, MI, showcased through 103 active listings on our real estate platform. These investment opportunities span a total of 85,803 square feet of properties for sale, with an estimated market value of $7,571,488.

    Sale prices for multifamily properties in Kalamazoo, MI start at $88,800, averaging $582,422, and reaching up to $2,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 50
    Apartment buildings 38
    Triplexes 15
    Quadplexes 9

    Demographics Overview

    Population 163K
    Population Growth (5Y) -1.2%
    Median Household Income $64,429
    College Educated 36.6%

    High-Yield Neighborhoods for Investment

    Identify Kalamazoo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49048 $253.4K
    49008 $290.2K
    49001 $310.3K
    49007 $417K
    49009 $453.6K

    Taxes & Financing

    Tax Rate (average for all types) 4.16%
    Property Tax per SF $78.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kalamazoo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kalamazoo County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Kalamazoo fall within the 5,000 to 10,000 square foot range.

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    Most Searched ZIP Codes in Kalamazoo, MI

    • 49007
    • 49001
    • 49048
    • 49008
    • 49006
    • 49009
    • 49004

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