1327-1329 Fraternity Village Drive Kalamazoo, MI ^$ 544,000

1327-1329 Fraternity Village Drive

^$ 544,000

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1327-1329 Fraternity Village Drive

Kalamazoo, MI, 49006

^$ 544,000

Studio Baths0.0 Sq 4,048

Monthly Estimate*

^$ 3,394

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Studio

Multi-Family Home for sale in Kalamazoo, MI

for $544,000. This 4,048 square foot home was built in 2008 on a lot size of 0.35.

Located just minutes from the Western Michigan University campus, this fully leased duplex is a turn-key investment opportunity in one of Kalamazoo's most sought-after student rental markets. The property features two spacious units with a total of eleven bedrooms and six full bathrooms.Unit 1327 offers five bedrooms and three full bathrooms, along with in-unit laundry and four garage stalls, each equipped with automatic openers. Unit 1329 includes six bedrooms and three full bathrooms, also with in-unit laundry and five garage stalls with openers. Both units are thoughtfully designed for student living with ample space, modern conveniences, and private access to parking.The entire property is currently fully occupied at $525 per bedroom, with tenants responsible for all

Multi-Family Active

Price

^$ 544,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 17,275

Style

Lot Size

0.35

Year Built

2008

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

70464012

Features

General

Heating Forced Air

Garage Additional Garage(s)

Status Active Active

Year Built 2008

County Kalamazoo

Class MULTIFAMILY

Type Multi-Family

Municipality Kalamazoo

Sale/Rent For Sale

Status Detail 0

Area Kalamazoo (39022)

Virtual Tour https://my.matterport.com/show/?m=TAuUWLdPXrH

Directions Howard St to Michigan Ave west on Michigan Ave to Fraternity Village south on Fraternity Village to red bldg on the left ***or*** Drake Rd to KL Ave west on KL

City Kalamazoo

School District Kalamazoo Public School District

Financial Terms Cash Conventional

Legal Description FRATERNITY VILLAGE Part of Lot 4 Beg at the NW cor of Lot 4; th N 59deg 34min 21sec E 103.0ft alg the NWLY li of Lot 4; th S 30deg 25min 39sec E 9.64ft; th N 59deg 34min 21sec E 76.64ft; th S 30deg 25

DOM 222

Price Per Sq Ft Total AG 134.39

Public Remarks Located just minutes from the Western Michigan University campus

Exterior

Exterior Vinyl Siding

Frontage 94

Lot Size Area 0.35

Lot Dimensions 94x175 Irregular

Roads City/County Paved Street

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Adam Atwood

Listing Agent

Five Star Real Estate

Broker

atwoodproperties@gmail.com

Affordability Calculator

$4,833

Per Month

Monthly Principal & Interest: $3,394
Monthly Property Taxes: $1,440
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Kalamazoo, MI

Average List Price ^$389,123

Percent of Sale Price 28%

About Kalamazoo, MI

75,079 Population

-3% Since 2002

^$36,632 Median Income

29.48 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2662308 Elementary School

2662311 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/23/2025	$544,000	-0.91%	Price Down
4/24/2025	$549,000		Listed Price

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1327-1329 Fraternity Village Drive, Kalamazoo, MI, 49006 is a Multi-Family Home for sale at $544,000 with 4,048 sqft and a lot size of 0.35. 1327-1329 Fraternity Village Drive is a studio with 0.0 baths and was built in 2008. The property's zip code is 49006 which is in Kalamazoo, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1327-1329 Fraternity Village Drive

Multi-Family Home for sale in Kalamazoo, MI

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