Property Type:
Multi Family
Lot Size (sq. ft.):
5,663
Status:
Active
Current Price:
$220,000
List Date:
5/07/2026
Last Modified:
5/07/2026
502 Locust Street, Kalamazoo, MI 49007
New Listing
$220,000
Overview
Description
Listing Details MLS# 26020470
Location Property Info
- County
- Kalamazoo
- Street #
- 502
- Street Name
- Locust
- Suffix
- Street
- State
- MI
- Zip Code
- 49007
- Zip (4)
- 5022
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 5663
- Lot Acres
- 0.13
- Lot Dimensions
- 66 x 82.5
- Year Built
- 1865
- New Construction
- No
- Financial Available
- No
- Financial Comments
- possible L/C or Lease OP for owner occupant only
- Cert of Compliance
- Yes
- Cert. of Compliance Exp Date
- 2029-02-17
- Road Frontage
- 6682
- Total # Units
- 2
- # of Diff Unit Floor Plans
- 2
- Total # Bldgs
- Yes
- Total Approx. SqFt All Bldgs
- 1269
- Total Parking Spaces
- 3
- Waterfront
- No
- School District
- Kalamazoo
- Association YN
- No
- Basement
- Yes
Tax Info
- Tax ID #
- 06-21-235-001
- Taxable Value
- 33400
- SEV
- 70400
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 2309
- Tax Year
- 2024
- Spec Assessment & Ty
- none known
- Homestead %
- 0
Remarks Misc
- Directions
- SW corner of Locust and Cedar
Waterfront Options
- Water Access Y/N
- No
More Information
Access Feat
- Accessibility Features
- No
Terms Available
- Land Contract Down Payment
- 40000
- Land Contract Interest Rate
- 7
- Land Contract Terms (# Months)
- 120
- Cash
- Yes
- Land Contract
- Yes
- Lease Purchase
- Yes
Income and Expenses
- Annual Insurance
- 629
- Annual Maintenance
- 1117
- Annual Mgmt. Fees
- 456
- Annual Utilities
- 189
- Gross Op. Inc.
- 7840
- Net Operating Income
- 5449
- Operating Expense
- 2391
Unit 1
- Unit #
- 502
- Unit Description
- 803 w Cedar
- Occupied
- Yes
- Monthly Rent
- 790
- Bathrooms
- Yes
- Full Baths
- Yes
- Deck/Patio
- Yes
- Garage
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- Washer/Dryer
- Yes
Unit 2
- Unit #
- 803
- Unit Description
- 502 Locust
- Monthly Rent
- 890
- Bathrooms
- Yes
- Full Baths
- Yes
- Dishwasher
- Yes
- Garage
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- Washer/Dryer
- Yes
Location & Property Info
- Cross Streets
- cedar and Walnut
- Property Sub-Type
- 2 to 4 Units
- Municipality
- Kalamazoo City
- Ownership Type
- Broker/Agent Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 173.36
Remarks & Misc
- Public Remarks
- Completely remodeled side-by-side duplex with 2 BR available August 1 and 1 BR rented through 7.2027. comes with 3 car garage for parking and storage, garden space and small yard for minimal care. Since 2010, the 2BR bath was expanded to accommodate a walk in shower, laundry and storage, a new roof was added, Aluminum siding painted, porch steps and railings replaced, 2 new furnaces and water heaters, updated electrical panels, lighting, kitchens and baths. Hardwood floors and open floorplan
- Legal
- 50426 WELCHS ADDITION N 5R OF LOT 433.
Lot Description
- Corner Lot
- Yes
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
- Storm Sewer
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Mineral Rights
- No
- Yes
Laundry Features
- In Unit
- Yes
Exterior Material
- Aluminum Siding
- Yes
- Wood Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- None
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Concrete
- Yes
- Paved
- Yes
Substructure
- Michigan Basement
- Yes
Extras
- Garages
- Yes
- Sep Electric Meter
- Yes
- Sep Gas Meter
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Property Features
Laundry Features:
In Unit
Exterior Material:
Aluminum Siding; Wood Siding
Roofing:
Composition
Substructure:
Michigan Basement
Lot Description:
Corner Lot
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street:
Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Extras:
Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays:
Sewer; Trash Collection; Water
Tenant Pays:
Electric; Gas
Heat Source:
Natural Gas
Heat Type:
Forced Air
Air Conditioning:
None
Driveway:
Concrete; Paved
Street Type:
Paved; Public
Mineral Rights:
No
Terms Available:
Cash; Land Contract; Lease Purchase
Possession:
Close Of Escrow; Subject To Tenant Rights
Sale Conditions:
None
Unit 1:
Deck/Patio; Garage; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2:
Dishwasher; Garage; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office:
Home Marketing Systems, Inc.
Listing Agent:
Mike H Fleckenstein
Last Updated: May - 07 - 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.
