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Listed price in listed location currency (USD).
$299,900

440

MLS® 25057367

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $1,899
Days Active 30
Lot Size 0.06 acres
Approx. Age 1895
MLS® Number 25057367

Property Address: 509 Oak St, Kalamazoo, MI, 49007-5091

Average square foot calculated using Size range provided by listing agent.

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. 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.
MLS® Number25057367
Laundry Level
Central VacNo
FireplaceNo
Acreage0.06
Exterior
GarageNo
Approx. Age1895
BasementMichigan Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 7, 2025List Date
$299,900List Price
Oct 5, 2023End Date
$277,000Sold Price

Sold

Oct 5, 2024List Date
$293,000List Price
  • Commute

Commute

Starting Address
Destination Address
509 Oak St, Kalamazoo, MI

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