For Sale
415 W Walnut Street, Kalamazoo, MI 49007
$649,900
MLS # 26018721 (Michigan Regional Information Center (MichRIC))
9 unitsBuilt 19000.16 acres
1 / 18
Listing Description
Turnkey investment opportunity in the heart of Kalamazoo's sought-after Vine Neighborhood! Ideally located just minutes from parks, restaurants, hospitals, universities, and local shops, this well-positioned property offers both convenience and strong rental appeal. The building features 9 total units--8 studio apartments and 1 one-bedroom unit, making it an excellent addition to any portfolio. Recently updated throughout, each unit showcases new kitchens & appliances, updated bathrooms, new flooring, and modern lighting, creating a clean, low-maintenance living space tenants will appreciate. Major capital improvements have already been completed, including new plumbing and updated electrical systems with separate electrical boxes, offering added efficiency, reliability, and ease of management. With its prime location near major employment and education hubs, combined with extensive updates inside and out, this property is positioned for strong occupancy and long-term performance.
Source: SparkMLS
About this home
Listed at $649,900.
Estimated annual property tax: $6,563, or about $547 monthly. 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 Subtype5+ Units
Bathrooms0
Lot Size0.16 acres
Year Built1900
Location
CityKalamazoo
MunicipalityKalamazoo City
Zip Code49007
CountyKalamazoo
School DistrictKalamazoo
Construction & Systems
ConstructionAluminum Siding
BasementFull
HeatingBaseboard
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed4/28/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,563
Tax Year2025
Assessed Value$77,663
Parcel #06-22-116-005
Source: SparkMLS
Legal Description
27051 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; THE WEST 43.29FT OF LOT 43
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Charles Teunis
Bellabay Realty LLC
Frequently Asked Questions about 415 W Walnut Street, Kalamazoo, MI 49007
Which school district serves 415 W Walnut Street, Kalamazoo, MI 49007?
Per MLS# 26018721, 415 W Walnut 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.
Can I use FHA or VA financing for this property?
Per MLS# 26018721, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 415 W Walnut Street, Kalamazoo, MI 49007?
Per public tax records, annual property taxes for this property are $6,563 (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, 415 W Walnut 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 415 W Walnut 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 415 W Walnut Street, Kalamazoo, MI 49007?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. 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$4,215
Principal & interest$4,215
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
415 W Walnut Street, Kalamazoo, MI 49007
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Municipality
Kalamazoo
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