$495,000
Kalamazoo, MI 49007
MLS# 26005619
1 / 22
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
Cross Streets: W Kalamazoo Ave and W Main St
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 158.76
General Property Info
New Construction: No
Lot Dimensions: 66x206
Financial Available: No
Road Frontage: 66
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 3118
Total Parking Spaces: 8
School District: Kalamazoo
Elementary School: Woodward School for Technology and Research
High School: Kalamazoo Central High School
Middle School: Linden Grove Middle School
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 13852
Lot Acres: 0.32
Year Built: 1885
Tax Info
Taxable Value: 175481
SEV: 201600
For Tax Year: 2025
Seller's Annual Property Tax: 12131
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Zoning: RM-15
Tax ID #: 06-16-418-016
Remarks & Misc
Public Remarks: 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.
Legal: 46246 TRASKS ADDITION, LIBER 2 OF PLATS PAGE 26; LOT 16. ALSO THE S 66FT OF THE N 330FT OF LOT 24.
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Income and Expenses
Annual Insurance: 5760
Annual Maintenance: 5189
Annual Utilities: 4188
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
Common Area: 1
In Hall: 1
Exterior Material
Brick: 1
Stucco: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Trash: 1
Driveway
Asphalt: 1
Substructure
Full: 1
Extras
Sep Electric Meter: 1
Owner Pays
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Unit 1
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
A/C Unit: 1
Dishwasher: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: Unit 2
Occupied: Yes
Monthly Rent: 799
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: Unit 3
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Dishwasher: 1
Refrigerator: 1
Unit 4
Unit #: 4
Unit Description: Unit 4
Monthly Rent: 599
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 5
Unit #: 5
Unit Description: Unit 5
Monthly Rent: 850
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Subject To Tenant Rights: 1
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
Remarks Misc
Directions: Head east on W Main St toward N Dartmouth St Turn left onto Woodward Ave Destination will be on the right
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 L Keefer Fischer
Last Updated: March - 24 - 2026
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