Sold
413 Locust Street, Kalamazoo, MI 49007
Sold on 06/22/2026 for$215,000
MLS # 26020186 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 18860.1 acres
1 / 27
Listing 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.
Source: SparkMLS
About this home
Final sale price: $215,000.
Property tax estimate: $5,709 per year ($476/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.1 acres
Year Built1886
Location
CityKalamazoo
MunicipalityKalamazoo City
Zip Code49007
CountyKalamazoo
School DistrictKalamazoo
Construction & Systems
ConstructionVinyl Siding
BasementFull
HeatingForced Air
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed5/5/2026
Sold Date6/21/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,709
Tax Year2025
Assessed Value$82,583
Parcel #06-21-226-004
Source: SparkMLS
Legal Description
50268 WELCHS ADDITION N 1/2 LOT 397
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Emily A Birtles
Keller Williams Kalamazoo Market Center
Frequently Asked Questions about 413 Locust Street, Kalamazoo, MI 49007
Which school district serves 413 Locust Street, Kalamazoo, MI 49007?
Per MLS# 26020186, 413 Locust Street, Kalamazoo, MI 49007 is in the Kalamazoo boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Kalamazoo directly to confirm enrollment eligibility.
What financing options are available for 413 Locust Street, Kalamazoo, MI 49007?
Per MLS# 26020186, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 413 Locust Street, Kalamazoo, MI 49007?
Per public tax records, annual property taxes for this property are $5,709 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 413 Locust Street, Kalamazoo, MI 49007 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 413 Locust Street, Kalamazoo, MI 49007 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 413 Locust Street, Kalamazoo, MI 49007?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public Sewer. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Kalamazoo City police department or the Kalamazoo County sheriff's office.
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Monthly payment$1,492
Principal & interest$1,492
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
413 Locust Street, Kalamazoo, MI 49007
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Municipality
Kalamazoo
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