413 Locust Street, Kalamazoo, MI 49007

New Listing
$230,000
Property Type: Multi Family Lot Size (sq. ft.): 4,356 Status: Active
Current Price: $230,000 List Date: 5/06/2026 Last Modified: 5/06/2026

Overview

Description

This well-maintained tri-plex presents a compelling opportunity for both investors and owner-occupants. Live in the vacant unit while generating immediate income from the other two, or add a cash-flowing asset with built-in upside to your portfolio.Ideally located near Western Michigan University, Kalamazoo College, downtown, major hospitals, and the highly anticipated new arena, the property benefits from strong rental demand and long-term growth potential.The property includes one 2 bed/1 bath unit and two 1 bed/1 bath units. The 2 bed/1 bath is currently vacant, ideal for an owner-occupant or house hack. The two occupied units generate $875 and $995/month. The 2 bed has historically performed as a mid-term rental at $1,295-$1,600/month and can be sold furnished.Ample off-street parking and recent updates--including kitchen cabinetry, bathroom vanity, reglazed bathtubs, and a new water heater--enhance functionality and appeal.

Listing Details MLS# 26020186

Location Property Info

County
Kalamazoo
Street #
413
Street Name
Locust
Suffix
Street
State
MI
Zip Code
49007
Zip (4)
5085

General Property Info

Lot Measurement
Acres
Lot Square Footage
4356
Lot Acres
0.1
Lot Dimensions
33x132
Year Built
1886
New Construction
No
Road Frontage
33
Total # Units
3
# of Diff Unit Floor Plans
3
Total # Bldgs
Yes
Total Parking Spaces
5
Waterfront
No
School District
Kalamazoo
Basement
Yes

Tax Info

Tax ID #
06-21-226-004
Taxable Value
82583
SEV
88500
For Tax Year
2025
Seller's Annual Property Tax
5709.09
Tax Year
2025
Spec Assessment & Ty
NA
Homestead %
0

Access Feat

Accessibility Features
No

Unit 1

Unit Description
Unit 1
Monthly Rent
1450
Bathrooms
Yes
Full Baths
Yes

More Information

Unit 2

Unit Description
Unit 2
Monthly Rent
875
Bathrooms
Yes
Full Baths
Yes

Unit 3

Unit Description
Unit 3
Monthly Rent
975
Bathrooms
Yes
Full Baths
Yes

Location & Property Info

Cross Streets
Lovell & Cedar
Property Sub-Type
2 to 4 Units
Municipality
Kalamazoo City

Office/Contract Info

Auction or For Sale
For Sale

Remarks & Misc

Public Remarks
This well-maintained tri-plex presents a compelling opportunity for both investors and owner-occupants. Live in the vacant unit while generating immediate income from the other two, or add a cash-flowing asset with built-in upside to your portfolio.Ideally located near Western Michigan University, Kalamazoo College, downtown, major hospitals, and the highly anticipated new arena, the property benefits from strong rental demand and long-term growth potential.The property includes one 2 bed/1 bath unit and two 1 bed/1 bath units. The 2 bed/1 bath is currently vacant, ideal for an owner-occupant or house hack. The two occupied units generate $875 and $995/month. The 2 bed has historically performed as a mid-term rental at $1,295-$1,600/month and can be sold furnished.Ample off-street parking and recent updates--including kitchen cabinetry, bathroom vanity, reglazed bathtubs, and a new water heater--enhance functionality and appeal.
Legal
50268 WELCHS ADDITION N 1/2 LOT 397

Street Type

Paved
Yes
Public
Yes

Util Avail at Street

Electricity Available
Yes
High Speed Internet
Yes
Natural Gas Available
Yes
Public Sewer
Yes
Public Water
Yes

Utilities Attached

Electricity Connected
Yes
Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Conventional
Yes

Laundry Features

In Basement
Yes

Exterior Material

Vinyl Siding
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Driveway

Shared Unpaved
Yes

Substructure

Full
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Water
Yes

Property Features

Laundry Features: In Basement Exterior Material: Vinyl Siding Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water Owner Pays: Sewer; Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Shared Unpaved Street Type: Paved; Public Terms Available: Cash; Conventional Sale Conditions: None
IDX
Listing Office: Keller Williams Kalamazoo Market Center
Listing Agent: Emily A Birtles
Source MLS Verified
Last Updated: May - 06 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.