$299,900
Kalamazoo, MI 49007
MLS# 25057367
1 / 26
Property Description
This well-kept fourplex sits on the north side of the Vine Neighborhood and offers a strong rental history with a current rent roll of $3,195/month and room to increase. All four residences are 1 bed, 1 bath and stay in demand thanks to the location and rents that include all utilities. 3 of the units have been fully renovated over the last 3 years.Inside, each unit blends classic charm with practical updates. Interiors have been refreshed at turnover to support rent growth. Unit #2 has painted cabinets, quartz countertop, a unique backsplash, remodeled bathroom with new vanity / LVP flooring and new carpet. Unit #3 has Unit 3 - Remodeled in 2025 kitchen with granite, LVP flooring throughout, new bathroom, vanity, and shower, and Unit 1 was remodeled in 2024 with new painted kitchen cabinets, new bath and shower, vanity, carpet, and LVP. Unit 4 has never been updated as it has been occupied since seller purchased property.
Details
Maps
Location Property Info
County: Kalamazoo
Street #: 509
Street Name: Oak
Suffix: Street
State: MI
Zip Code: 49007
Zip (4): 5091
Area: Greater Kalamazoo - K
OfficeContract Info
Status: Active
Current Price: $299,900
List Price: $299,900
Listing Date: 2025-11-07
General Property Info
Lot Measurement: Acres
Lot Square Footage: 2614
Lot Acres: 0.06
Lot Dimensions: 41.25x66
Year Built: 1895
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-12-31
Road Frontage: 41
Total # Units: 4
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Waterfront: No
School District: Kalamazoo
Tax Info
Tax ID #: 06-21-237-008
Taxable Value: 66293
SEV: 71000
For Tax Year: 2025
Seller's Annual Property Tax: 1899
Tax Year: 2025
Zoning: Res
Remarks Misc
Directions: From W Cedar, Go South On Oak, Property On Left
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: 1
SqFt: 506
Occupied: Yes
Monthly Rent: 800
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 2
SqFt: 506
Occupied: No
Monthly Rent: 745
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: 3
SqFt: 506
Occupied: Yes
Monthly Rent: 750
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: 4
SqFt: 506
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Public Sewer; Public Water
Owner Pays: Electricity; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Supplements
The property features an easily accessible basement with coin laundry, plus off-street parking with two tandem spaces on the north side and one off-street space on the south side.Major system improvements provide peace of mind with a new roof (2019), furnace (2014), water heater (2022), electrical upgrades (2014 and 2023), and exterior paint in 2023. The property is City Certified through 12/31/2026. This property is in an ideal location, close to Kalamazoo College and Western Michigan University, and minutes to downtown dining staples like Bell's Eccentric Café, Principle Food & Drink, and Rustica.Timing lines up for immediate value-add or an owner-occupied option, with Units #1 and #2 becoming vacant at the beginning of November, creating a clear path to reset rents to market without waiting for lease expirations. Do not miss this low-maintenance portfolio builder.
Listing Office: Keller Williams Professionals
Listing Agent: Jeffrey Glover
Last Updated: December - 08 - 2025
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