447 W Walnut Street, Kalamazoo, MI 49007

New Listing
$1,200,000
Property Type: Multi Family Lot Size (sq. ft.): 13,504 Status: Active
Current Price: $1,200,000 List Date: 3/15/2026 Last Modified: 3/15/2026

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.

More Information MLS# 26009891

Location & Property Info

Cross Streets: S Westnedge and S Park Property Sub-Type: 5+ Units Municipality: Kalamazoo City Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: 132x103 Financial Available: Yes Road Frontage: 132 Cert of Compliance: Yes Cert. of Compliance Exp Date: 2027-07-31 Waterfront: No Basement: No Total # Units: 15 # of Diff Unit Floor Plans: 15 Total # Bldgs: 1 Total Parking Spaces: 3 School District: Kalamazoo Lot Measurement: Acres Lot Square Footage: 13504 Lot Acres: 0.31 Year Built: 1905

Tax Info

Taxable Value: 170086 SEV: 331100 For Tax Year: 2025 Seller's Annual Property Tax: 11758.41 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: none known Zoning: LW1 Tax ID #: 06-22-115-050

Remarks & Misc

Public Remarks: 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. Legal: 27036 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; LOT 39 & THE NORTH 37FT OF LOT 38.

Lot Description

Corner Lot: 1

Street Type

Paved: 1

Util Avail at Street

Electricity Available: 1 Natural Gas Available: 1 Public Sewer: 1 Public Water: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Mineral Rights

Unknown: 1

Laundry Features

Common Area: 1 In Basement: 1

Exterior Material

Brick: 1

Roofing

Rubber: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Hot Water: 1

Air Conditioning

None: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1

Driveway

Gravel: 1

Substructure

Full: 1

Owner Pays

Gas: 1 Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit Description: First Floor 1 BR Occupied: Yes Monthly Rent: 895 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 2

Unit #: 2 Unit Description: First Floor 2 BR Occupied: Yes Monthly Rent: 1170 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 3 Unit Description: First Floor 1 BR Occupied: Yes Monthly Rent: 850 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 4

Unit #: 4 Unit Description: First Floor 2 BR Occupied: Yes Monthly Rent: 1040 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 5

Unit #: 5 Unit Description: 2nd Floor 4 BR Occupied: Yes Monthly Rent: 1450 Bedrooms: 4 Bathrooms: 1 Full Baths: 1

Unit 6

Unit #: 6 Unit Description: 2nd Floor 1 BR Occupied: Yes Monthly Rent: 875 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 7

Unit #: 7 Unit Description: 2nd Floor 2 BR Occupied: Yes Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Monthly Rent: 900

Unit 8

Unit #: 8 Unit Description: 3rd Floor 2 BR Occupied: Yes Monthly Rent: 1100 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 9

Unit #: 9 Unit Description: 3rd Floor 1 BR Occupied: Yes Monthly Rent: 875 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 10

Unit #: 10 Unit Description: 3rd Floor 1 BR Occupied: Yes Monthly Rent: 950 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 11

Unit #: 11 Unit Description: 3rd Floor 1 BR Occupied: Yes Monthly Rent: 725 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 12

Unit #: 12 Unit Description: 3rd FLoor 1 BR Monthly Rent: 825 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Kalamazoo Street #: 447 Street Direction: W Street Name: Walnut Suffix: Street State: MI Zip Code: 49007 Zip (4): 5181

OfficeContract Info

Status: Active Current Price: $1,200,000 List Price: $1,200,000 Listing Date: 2026-03-15

Property Features

Laundry Features: Common Area; In Basement Exterior Material: Brick Roofing: Rubber Substructure: Full Lot Description: Corner Lot Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Hot Water Air Conditioning: None Driveway: Gravel Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None
Listing Office: Lukeman Group LLC
Listing Agent: Joseph Lukeman
IDX
Last Updated: March - 15 - 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.