For Sale
418-420 Elm Street, Kalamazoo, MI 49007
$189,900
MLS # 26023751 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19130.21 acres
1 / 18
Listing Description
** CONV. / FHA / VA / LAND CONTRACT CITY CERTIFED RENTAL UNTIL 01/30/2027 Excellent opportunity to add a strong cash-flowing duplex to your investment portfolio! This well-positioned property at 418-420 Elm Street in Kalamazoo features two spacious units with reliable rental income already in place. Unit 418 offers a 2-bedroom layout currently rented for $800/month, while Unit 420 features a larger 3-bedroom layout bringing in $1,200/month. Newer roof; newer furnaces and water heaters. Each tenant pays electric and gas. With separate living spaces and solid income potential, this property is ideal for both seasoned investors and owner-occupants looking to offset their mortgage with rental revenue. Conveniently located near downtown, shopping, dining, and local amenities, this duplex offers a great combination of value, opportunity, and long-term upside.
Source: SparkMLS
About this home
Listed at $189,900.
Estimated annual property tax: $3,300, or about $275 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 Subtype2 to 4 Units
Bathrooms0
Lot Size0.21 acres
Year Built1913
Location
CityKalamazoo
MunicipalityKalamazoo City
Zip Code49007
CountyKalamazoo
School DistrictKalamazoo
Construction & Systems
ConstructionWood Siding
BasementMichigan Basement
HeatingForced Air
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed5/20/2026
Terms AcceptedVA Loan, FHA, Cash, Conventional, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$3,300
Tax Year2025
Assessed Value$49,018
Parcel #06-16-430-166
Source: SparkMLS
Legal Description
34326, 34256 REVISED PLAT OF PROUTYS ADDITION LOT 66, EXC S 2R OF W 84FT. ALSO S 8.25FT OF N 1R OF LOT 50. ALSO N 1R OF W 3R OF LOT 51, EXC N 8.25FT OF W 18FT THEREOF. ALSO N 1R OF E 1R OF LOT 51.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ahmed ''Ali'' Khalil
Real Broker, LLC
Frequently Asked Questions about 418-420 Elm Street, Kalamazoo, MI 49007
What school district is 418-420 Elm Street, Kalamazoo, MI 49007 in?
Per MLS# 26023751, this property is served by Kalamazoo. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 418-420 Elm Street, Kalamazoo, MI 49007?
Per MLS# 26023751, the seller has indicated this property accepts the following financing types: VA Loan, FHA, Cash, Conventional, Land Contract. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26023751, the most recent reported annual property tax for 418-420 Elm Street, Kalamazoo, MI 49007 is $3,300 (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.
Is 418-420 Elm Street, Kalamazoo, MI 49007 eligible for USDA financing?
Per USDA Rural Development boundary data, 418-420 Elm 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 418-420 Elm Street, Kalamazoo, MI 49007 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
How safe is 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.
Map
Mortgage Calculator
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Monthly payment$1,232
Principal & interest$1,232
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
418-420 Elm Street, Kalamazoo, MI 49007
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Municipality
Kalamazoo
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