509 Oak Street, Kalamazoo, MI 49007

$299,900
Property Type: Multi Family Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $299,900 List Date: 11/07/2025 Last Modified: 12/01/2025

Description

This well-kept fourplex sits on the north side of the Vine Neighborhood and offers a strong rental history with a current rent roll of $3,195/month and room to increase. All four residences are 1 bed, 1 bath and stay in demand thanks to the location and rents that include all utilities. 3 of the units have been fully renovated over the last 3 years.Inside, each unit blends classic charm with practical updates. Interiors have been refreshed at turnover to support rent growth. Unit #2 has painted cabinets, quartz countertop, a unique backsplash, remodeled bathroom with new vanity / LVP flooring and new carpet. Unit #3 has Unit 3 - Remodeled in 2025 kitchen with granite, LVP flooring throughout, new bathroom, vanity, and shower, and Unit 1 was remodeled in 2024 with new painted kitchen cabinets, new bath and shower, vanity, carpet, and LVP. Unit 4 has never been updated as it has been occupied since seller purchased property.

Supplements: The property features an easily accessible basement with coin laundry, plus off-street parking with two tandem spaces on the north side and one off-street space on the south side.Major system improvements provide peace of mind with a new roof (2019), furnace (2014), water heater (2022), electrical upgrades (2014 and 2023), and exterior paint in 2023. The property is City Certified through 12/31/2026. This property is in an ideal location, close to Kalamazoo College and Western Michigan University, and minutes to downtown dining staples like Bell's Eccentric Café, Principle Food & Drink, and Rustica.Timing lines up for immediate value-add or an owner-occupied option, with Units #1 and #2 becoming vacant at the beginning of November, creating a clear path to reset rents to market without waiting for lease expirations. Do not miss this low-maintenance portfolio builder.

More Information MLS# 25057367

Location & Property Info

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

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: 41.25x66 Road Frontage: 41 Cert of Compliance: Yes Cert. of Compliance Exp Date: 2026-12-31 Waterfront: No Basement: Yes Total # Units: 4 # of Diff Unit Floor Plans: 1 Total # Bldgs: 1 Total Parking Spaces: 0 School District: Kalamazoo Lot Measurement: Acres Lot Square Footage: 2614 Lot Acres: 0.06 Year Built: 1895

Tax Info

Taxable Value: 66293 SEV: 71000 For Tax Year: 2025 Seller's Annual Property Tax: 1899 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: 0 Zoning: Res Tax ID #: 06-21-237-008

Remarks & Misc

Public Remarks: This well-kept fourplex sits on the north side of the Vine Neighborhood and offers a strong rental history with a current rent roll of $3,195/month and room to increase. All four residences are 1 bed, 1 bath and stay in demand thanks to the location and rents that include all utilities. 3 of the units have been fully renovated over the last 3 years.Inside, each unit blends classic charm with practical updates. Interiors have been refreshed at turnover to support rent growth. Unit #2 has painted cabinets, quartz countertop, a unique backsplash, remodeled bathroom with new vanity / LVP flooring and new carpet. Unit #3 has Unit 3 - Remodeled in 2025 kitchen with granite, LVP flooring throughout, new bathroom, vanity, and shower, and Unit 1 was remodeled in 2024 with new painted kitchen cabinets, new bath and shower, vanity, carpet, and LVP. Unit 4 has never been updated as it has been occupied since seller purchased property. Legal: 50188 WELCHS ADDITION S 2 1/2 R OF LOT 375

Util Avail at Street

Public Sewer: 1 Public Water: 1

Utilities Attached

Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1 FHA: 1 MSHDA: 1 VA Loan: 1

Exterior Material

Wood Siding: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1

Access Feat

Accessibility Features: No

Tenant Pays

None: 1

Substructure

Michigan Basement: 1

Owner Pays

Electricity: 1 Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit #: 1 Unit Description: 1 SqFt: 506 Occupied: Yes Monthly Rent: 800 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 2

Unit #: 2 Unit Description: 2 SqFt: 506 Occupied: No Monthly Rent: 745 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 3 Unit Description: 3 SqFt: 506 Occupied: Yes Monthly Rent: 750 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 4

Unit #: 4 Unit Description: 4 SqFt: 506 Occupied: Yes Monthly Rent: 850 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Kalamazoo Street #: 509 Street Name: Oak Suffix: Street State: MI Zip Code: 49007 Zip (4): 5091 Area: Greater Kalamazoo - K

OfficeContract Info

Status: Active Current Price: $299,900 List Price: $299,900 Listing Date: 2025-11-07

Remarks Misc

Directions: From W Cedar, Go South On Oak, Property On Left

Property Features

Exterior Material: Wood Siding Roofing: Composition Substructure: Michigan Basement Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at Street: Public Sewer; Public Water Owner Pays: Electricity; Sewer; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan Possession: Close Of Escrow Sale Conditions: None
Listing Office: Keller Williams Professionals
Listing Agent: Jeffrey Glover
IDX
Last Updated: December - 01 - 2025
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