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Listing provided courtesy of Keller Williams Kalamazoo Market Center- MLS# 26017298MLS Provider

417 Locust Street #1 & 2Kalamazoo, MI 49007

Multi-Family · 0.10 Acres
$199,900 Active

417 Locust Street #1 & 2 Overview

Time on Site:
68 days
Visits:
0

Turnkey duplex with strong rental history and clear value-add potential. The property has maintained full occupancy over the past 13 months, demonstrating consistent income and solid rental demand. One unit will be vacant at the end of April, offering immediate flexibility for an investor or owner-occupant to reposition rents in line with current market conditions. The spacious 4-bedroom, 2-bath unit provides an excellent opportunity to maximize returns with targeted updates, while the occupied unit continues to generate steady income. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and a rebuilt rear patio deck. Ideal for investors seeking a strong-performing asset with in-place income and the ability to capture increased cash flow and long-term appreciation.

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417 Locust Street #1 & 2 Facts & Features

  • Type Multi-Family
  • Lot 0.10 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1905

Location/Region

  • County Or Parish: Kalamazoo

Rent/Lease Information

  • Tenant Pays: Electric,Gas

Tax Information

  • Tax Annual Amount: 3422.0

General Information

  • Parcel Number: 06-21-226-003
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Unit Information

    • Unit Number: 1 & 2

    Exterior

    Lot Information

    • Lot Features: Sidewalk
    • Lot Size Acres: 0.1
    • Lot Size Area: 0.1
    • Lot Size Dimensions: 33X132
    • Lot Size Square Feet: 4356.0
    • Lot Size Units: Acres
    • Road Surface Type: Paved

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Construction Materials: Brick,Wood Siding
    • Roof: Composition

    General Information

    • Number Of Units Total: 2
    • Sewer: Public Sewer
    • Utilities: Natural Gas Connected,Electricity Connected,Storm Sewer

    417 Locust Street #1 & 2 Neighborhood

    Community

    49007 (Kalamazoo) Demographics

    27
    Median Age
    3,006
    Population Density (per sq. mile)
    28%
    College Educated
    $34,033
    Estimated Median Income
    1,189
    Estimated Total Home Owners
    3,080
    Estimated Total Renters
    28% / 72%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    417 Locust Street #1 & 2 Monthly Cost

    $
    $ %
    %
    $
    $
    Eric Nowik
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    417 Locust Street #1 & 2 Market Data

    Based on the last 30 days in this zip code

    $173,054
    Average List Price
    $120
    Average Price per Square Foot
    10
    Properties Sold
    98
    Average Days on Market
    61
    Properties for Sale
    Calculations provided by Reliance Network

    417 Locust Street #1 & 2 History

    Date Event Value Agent
    4/23/2026Source: MichRIC MLS Added to Database
    April 23, 2026