$495,000
Kalamazoo, MI 49007
MLS# 26005619
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Property Description
Exceptional investment opportunity in the heart of Kalamazoo! This historic multi-unit property offers five rental units brimming with character and income potential. The main floor features two one-bedroom apartments, while the second level provides another one-bedroom unit along with a charming studio. The third story showcases a spacious two-bedroom apartment, full of light and personality. Inside, you'll find a blend of updates across the units, with some apartments featuring refreshed kitchens and bathrooms, and hardwood floors. Throughout the property, historic details remain intact, from the original trim to the ornately crafted staircase railing, capturing the architectural beauty of the era. The property includes ample off-street parking and retains its original carriage house, adding to its historic appeal. Just blocks from local college campuses and the vibrant downtown scene, this location is perfect for attracting long-term tenants who value both convenience and charm.
Details
Maps
Location Property Info
County: Kalamazoo
Street #: 232
Street Name: Woodward
Suffix: Avenue
State: MI
Zip Code: 49007
Zip (4): 3279
OfficeContract Info
Status: Active
Current Price: $495,000
List Price: $495,000
Listing Date: 2026-02-16
General Property Info
Lot Measurement: Acres
Lot Square Footage: 13852
Lot Acres: 0.32
Lot Dimensions: 66x206
Year Built: 1885
New Construction: No
Financial Available: No
Cert of Compliance: No
Road Frontage: 66
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 3118
Total Parking Spaces: 8
Waterfront: No
School District: Kalamazoo
Elementary School: Woodward School for Technology and Research
Middle School: Linden Grove Middle School
High School: Kalamazoo Central High School
Association YN: No
Tax Info
Tax ID #: 06-16-418-016
Taxable Value: 175481
SEV: 201600
For Tax Year: 2025
Seller's Annual Property Tax: 12131
Tax Year: 2025
Spec Assessment & Ty: None
Zoning: RM-15
Remarks Misc
Directions: Head east on W Main St toward N Dartmouth St Turn left onto Woodward Ave Destination will be on the right
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 5760
Annual Maintenance: 5189
Annual Utilities: 4188
Unit 1
Unit #: 1
Unit Description: Unit 1
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Unit 2
Occupied: Yes
Monthly Rent: 799
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Unit 3
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: Unit 4
Monthly Rent: 599
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: Unit 5
Monthly Rent: 850
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; In Hall
Exterior Material: Brick; Stucco
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Extras: Sep Electric Meter
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric; Trash
Heat Source: Natural Gas
Heat Type: Hot Water
Air Conditioning: Window Unit(s)
Driveway: Asphalt
Street Type: Public
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: A/C Unit; Dishwasher; Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Unit 3: Range/Oven; Dishwasher; Refrigerator
Unit 4: Range/Oven; Refrigerator
Unit 5: Range/Oven; Refrigerator
Supplements
Whether you're expanding your portfolio or just beginning, 232 Woodward is a rare chance to own a Kalamazoo classic with strong rental potential.
Listing Office: Five Star Real Estate
Listing Agent: Kerry Keefer Fischer
Last Updated: February - 17 - 2026
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