For Sale
521 Pearl Street, Kalamazoo, MI 49007
$475,000
MLS # 26013773 (Michigan Regional Information Center (MichRIC))
8 unitsBuilt 19240.25 acres
1 / 36
Listing Description
This well-maintained 8-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $6,350. Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.
Source: SparkMLS
About this home
Asking $475,000.
Annual property taxes run approximately $9,400 ($783/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 Size0.25 acres
Year Built1924
Location
CityKalamazoo
MunicipalityKalamazoo City
Zip Code49007
CountyKalamazoo
School DistrictKalamazoo
Construction & Systems
ConstructionBrick, Wood Siding
BasementFull
HeatingForced Air
SewerPublic Sewer
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Storm Sewer
Sale & Financing
Listed4/5/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$9,400
Tax Year2026
Assessed Value$139,639
Parcel #39-06-21-238-339
Source: SparkMLS
Legal Description
50072 WELCHS ADDITION LOT 339
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Adam Atwood
Five Star Real Estate
Frequently Asked Questions about 521 Pearl Street, Kalamazoo, MI 49007
Which school district serves 521 Pearl Street, Kalamazoo, MI 49007?
Per MLS# 26013773, 521 Pearl 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 type of financing is accepted for this listing?
Per MLS# 26013773, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 521 Pearl Street, Kalamazoo, MI 49007?
Per public tax records, annual property taxes for this property are $9,400 (2026). 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, 521 Pearl 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 521 Pearl 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 521 Pearl 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.
Map
Mortgage Calculator
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Monthly payment$3,081
Principal & interest$3,081
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
521 Pearl Street, Kalamazoo, MI 49007
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Municipality
Kalamazoo
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