509 Oak Street, Kalamazoo, MI 49007
Local realty services provided by:ERA Reardon Realty
509 Oak Street,Kalamazoo, MI 49007
$299,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jeffrey glover, wyatt hawkins
Office: keller williams professionals
MLS#:25057367
Source:MI_GRAR
Price summary
- Price:$299,900
About this home
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.
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Home facts
- Year built:1895
- Listing ID #:25057367
- Added:54 day(s) ago
- Updated:January 01, 2026 at 04:13 PM
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1895
- Lot area:0.06 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$299,900
- Tax amount:$1,899 (2025)
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