For Sale
447 W Walnut Street, Kalamazoo, MI 49007
$1,100,000
MLS # 26009891 (Michigan Regional Information Center (MichRIC))
15 unitsBuilt 19050.31 acres
1 / 23
Listing Description
Unique opportunity to own an historical gem in the heart of Kalamazoo's Vine Neighborhood. This 15 unit 3 story brick apartment building has had significant capital improvements over the years while maintaining it's 1907 character. 9 of the 15 units have had kitchen and bathroom remodels. Hardwood floors and built ins are featured in many units. Building features (9) 1 bedroom units, (5) 2 bedroom units, and a 4 bedroom unit. New electrical panel upgrades for all 15 units, back up electric heating systems in 4 units and 2 commercial water heaters, Rents have increased year over year. Historically fully occupied. Certification through 7/31/27. Seller is a licensed Realtor in the State of MI.
Source: SparkMLS
About this home
Asking $1,100,000.
Annual property taxes run approximately $11,758 ($980/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 Subtype5+ Units
Bathrooms0
Lot Size0.31 acres
Year Built1905
Location
CityKalamazoo
MunicipalityKalamazoo City
Zip Code49007
CountyKalamazoo
School DistrictKalamazoo
Construction & Systems
ConstructionBrick
BasementFull
HeatingHot Water
SewerPublic Sewer
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed3/14/2026
Original Price$1,200,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$11,758
Tax Year2025
Assessed Value$170,086
Parcel #06-22-115-050
Source: SparkMLS
Legal Description
27036 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; LOT 39 & THE NORTH 37FT OF LOT 38.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Joseph Lukeman
Lukeman Group LLC
Frequently Asked Questions about 447 W Walnut Street, Kalamazoo, MI 49007
What school district is 447 W Walnut Street, Kalamazoo, MI 49007 in?
Per MLS# 26009891, this property is served by Kalamazoo. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26009891, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26009891, the most recent reported annual property tax for 447 W Walnut Street, Kalamazoo, MI 49007 is $11,758 (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 447 W Walnut Street, Kalamazoo, MI 49007 eligible for USDA financing?
Per USDA Rural Development boundary data, 447 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 447 W Walnut 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. Sewer: Public Sewer. 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.
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Monthly payment$7,135
Principal & interest$7,135
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
447 W Walnut Street, Kalamazoo, MI 49007
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Municipality
Kalamazoo
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