Properties for sale in Michigan

418-420 Elm Street, Kalamazoo, MI 49007

$184,900

Property Type: Multi Family Lot Size (sq. ft.): 9,148 Status: Active

Current Price: $184,900 List Date: 5/21/2026 Last Modified: 8/29/2026

Overview

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.

Listing Details MLS# 26023751

Location Property Info

County: Kalamazoo
Street #: 418-420
Street Name: Elm
Suffix: Street
State: MI
Zip Code: 49007
Zip (4): 3232

General Property Info

Lot Measurement: Acres
Lot Square Footage: 9148
Lot Acres: 0.21
Lot Dimensions: 57.5X101.4
Year Built: 1913
New Construction: No
Financial Available: No
Cert of Compliance: No
Road Frontage: 57
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 2386
Total Parking Spaces: 3
Waterfront: No
School District: Kalamazoo

Tax Info

Tax ID #: 06-16-430-166
Taxable Value: 49018
SEV: 91400
For Tax Year: 2025
Seller's Annual Property Tax: 3300
Tax Year: 2025
Spec Assessment & Ty: NONE KNOWN
Zoning: MULTI

Access Feat

Accessibility Features: No

Terms Available

Land Contract Down Payment: 38000
Land Contract Terms (# Months): 120

More Information

Unit 1

Unit Description: 418
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit Description: 420
Monthly Rent: 1150
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Property Features

Exterior Material: Wood Siding Roofing: Composition Substructure: Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Water Extras: Sep Electric Meter; Sep Gas Meter Owner Pays: Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Paved Street Type: Paved; Public Mineral Rights: Unknown Terms Available: Cash; Conventional; FHA; Land Contract; VA Loan Sale Conditions: None

Listing Office: Real Broker, LLC

Listing Agent: Ahmed ''Ali'' Khalil

Last Updated: August - 29 - 2026

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