$230,000
Kalamazoo, MI 49007
MLS# 26020186
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Property Description
This well-maintained tri-plex presents a compelling opportunity for both investors and owner-occupants. Live in the vacant unit while generating immediate income from the other two, or add a cash-flowing asset with built-in upside to your portfolio. Ideally located near Western Michigan University, Kalamazoo College, downtown, major hospitals, and the highly anticipated new arena, the property benefits from strong rental demand and long-term growth potential. The property includes one 2 bed/1 bath unit and two 1 bed/1 bath units. The 2 bed/1 bath is currently vacant, ideal for an owner-occupant or house hack. The two occupied units generate $875 and $995/month. The 2 bed has historically performed as a mid-term rental at $1,295-$1,600/month and can be sold furnished. Ample off-street parking and recent updates--including kitchen cabinetry, bathroom vanity, reglazed bathtubs, and a new water heater--enhance functionality and appeal.
Details
Maps
Location & Property Info
Cross Streets: Lovell & Cedar
Property Sub-Type: 2 to 4 Units
Municipality: Kalamazoo City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 33x132
Road Frontage: 33
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Parking Spaces: 5
School District: Kalamazoo
Lot Measurement: Acres
Lot Square Footage: 4356
Lot Acres: 0.1
Year Built: 1886
Tax Info
Taxable Value: 82583
SEV: 88500
For Tax Year: 2025
Seller's Annual Property Tax: 5709.09
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NA
Tax ID #: 06-21-226-004
Remarks & Misc
Public Remarks: This well-maintained tri-plex presents a compelling opportunity for both investors and owner-occupants. Live in the vacant unit while generating immediate income from the other two, or add a cash-flowing asset with built-in upside to your portfolio.
Ideally located near Western Michigan University, Kalamazoo College, downtown, major hospitals, and the highly anticipated new arena, the property benefits from strong rental demand and long-term growth potential.
The property includes one 2 bed/1 bath unit and two 1 bed/1 bath units. The 2 bed/1 bath is currently vacant, ideal for an owner-occupant or house hack. The two occupied units generate $875 and $995/month. The 2 bed has historically performed as a mid-term rental at $1,295-$1,600/month and can be sold furnished.
Ample off-street parking and recent updates--including kitchen cabinetry, bathroom vanity, reglazed bathtubs, and a new water heater--enhance functionality and appeal.
Legal: 50268 WELCHS ADDITION N 1/2 LOT 397
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 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
In Basement: 1
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Shared Unpaved: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: Unit 1
Monthly Rent: 1450
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 2
Monthly Rent: 875
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Unit 3
Monthly Rent: 975
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Location Property Info
County: Kalamazoo
Street #: 413
Street Name: Locust
Suffix: Street
State: MI
Zip Code: 49007
Zip (4): 5085
OfficeContract Info
Status: Active
Current Price: $230,000
List Price: $230,000
Listing Date: 2026-05-06
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Shared Unpaved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office: Keller Williams Kalamazoo Market Center
Listing Agent: Emily A Birtles
Last Updated: May - 06 - 2026
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