Properties for sale in Michigan

232 Woodward Avenue, Kalamazoo, MI 49007

$475,000

Property Type: Multi Family Lot Size (sq. ft.): 13,852 Status: Active

Current Price: $475,000 List Date: 2/16/2026 Last Modified: 8/27/2026

Overview

Description

Exceptional investment opportunity in the heart of Kalamazoo! This historic multi-unit property offers five rental units brimming with character and income potential. The main floor features two one-bedroom apartments, while the second level provides another one-bedroom unit along with a charming studio. The third story showcases a spacious two-bedroom apartment, full of light and personality. Inside, you'll find a blend of updates across the units, with some apartments featuring refreshed kitchens and bathrooms, and hardwood floors. Throughout the property, historic details remain intact, from the original trim to the ornately crafted staircase railing, capturing the architectural beauty of the era. The property includes ample off-street parking and retains its original carriage house, adding to its historic appeal. Just blocks from local college campuses and the vibrant downtown scene, this location is perfect for attracting long-term tenants who value both convenience and charm.

Supplements: Whether you're expanding your portfolio or just beginning, 232 Woodward is a rare chance to own a Kalamazoo classic with strong rental potential.

Listing Details MLS# 26005619

Location Property Info

County: Kalamazoo
Street #: 232
Street Name: Woodward
Suffix: Avenue
State: MI
Zip Code: 49007
Zip (4): 3279

General Property Info

Lot Measurement: Acres
Lot Square Footage: 13852
Lot Acres: 0.32
Lot Dimensions: 66x206
Year Built: 1885
New Construction: No
Financial Available: No
Cert of Compliance: No
Road Frontage: 66
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 3118
Total Parking Spaces: 8
Waterfront: No
School District: Kalamazoo
Elementary School: Woodward School for Technology and Research
Middle School: Linden Grove Middle School
High School: Kalamazoo Central High School
Association YN: No

Tax Info

Tax ID #: 06-16-418-016
Taxable Value: 175481
SEV: 201600
For Tax Year: 2025
Seller's Annual Property Tax: 12131
Tax Year: 2025
Spec Assessment & Ty: None
Zoning: RM-15

Remarks Misc

Directions: Head east on W Main St toward N Dartmouth St Turn left onto Woodward Ave Destination will be on the right

Waterfront Options

Water Access Y/N: No

More Information

Access Feat

Accessibility Features: No

Income and Expenses

Annual Insurance: 5760
Annual Maintenance: 5189
Annual Utilities: 4188

Unit 1

Unit #: Yes
Unit Description: Unit 1
Occupied: Yes
Monthly Rent: 1234
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: Unit 2
Occupied: Yes
Monthly Rent: 834
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: Unit 3
Occupied: Yes
Monthly Rent: 1335
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: Unit 4
Monthly Rent: 634
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 5
Unit Description: Unit 5
Monthly Rent: 1034
Bathrooms: Yes
Full Baths: Yes

Property Features

Laundry Features: Common Area; In Hall Exterior Material: Brick; Stucco Roofing: Composition Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water; Storm Sewer Extras: Sep Electric Meter Owner Pays: Gas; Sewer; Water Tenant Pays: Electric; Trash Heat Source: Natural Gas Heat Type: Hot Water Air Conditioning: Window Unit(s) Driveway: Asphalt Street Type: Public Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: A/C Unit; Dishwasher; Range Oven; Refrigerator Unit 2: Range/Oven; Refrigerator Unit 3: Range/Oven; Dishwasher; Refrigerator Unit 4: Range/Oven; Refrigerator Unit 5: Range/Oven; Refrigerator

Listing Office: Five Star Real Estate

Listing Agent: Kerry L Keefer Fischer

Last Updated: August - 27 - 2026

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