114 E Thomas Street Parchment, MI ^$ 500,000

114 E Thomas Street

^$ 500,000

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114 E Thomas Street

Parchment, MI, 49004

^$ 500,000

Studio Baths0.0 Sq 5,774

Monthly Estimate*

^$ 3,119

114 E Thomas Street, Parchment, MI 49004 - Image 1

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Studio

Multi-Family Home for sale in Parchment, MI

for $500,000. This 5,774 square foot home was built in 1960 on a lot size of 0.3.

Solid brick 8-unit apartment building, fully occupied with on-site management. Each unit features 1 bed, 1 bath, private storage, and outdoor parking. Coin laundry for tenant convenience. Strong rental history and low-maintenance design make this a solid, income-producing investment opportunity. Owner financing may be considered for qualified buyers.

Multi-Family Active

Price

^$ 500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,422

Style

Lot Size

0.3

Year Built

1960

Town/City

Parchment

County/Region

Kalamazoo

MLS | Web ID

70500337

Features

General

Heating Baseboard

Cooling None

Status Active Active

Year Built 1960

County Kalamazoo

Class MULTIFAMILY

Type Multi-Family

Municipality Parchment

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Parchment (39025)

Primary City Parchment

Directions E. Michigan Ave to N Riverview DR. to E Thomas - on right.

City Parchment

School District Parchment School District

Financial Terms Cash Conventional

Legal Description ELMHURST PARK LOT 104

DOM 47

Postal Code 49004

Price Per Sq Ft Total AG 86.6

Public Remarks Solid brick 8-unit apartment building fully occupied with on-site management. Each unit features 1 bed 1 bath private storage

Exterior

Exterior Brick

Frontage 137

Lot Size Area 0.3

Lot Dimensions 131 x 96 x 132 x 60

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 8

Fuel Type Electric

* Excluded Features

List By

Susan Hernandez

Listing Agent

Berkshire Hathaway Homeservices Mi

Broker

susanhernandezrealtor@gmail.com

Affordability Calculator

$3,571

Per Month

Monthly Principal & Interest: $3,119
Monthly Property Taxes: $452
Monthly Home Insurance: --

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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 Parchment, MI

Average List Price ^$1,100,000

Percent of Sale Price 120%

About Parchment, MI

1,810 Population

-7% Since 2002

^$36,250 Median Income

39.55 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3953229 Elementary School

3953232 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/17/2025	$500,000		Listed Price

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114 E Thomas Street, Parchment, MI, 49004 is a Multi-Family Home for sale at $500,000 with 5,774 sqft and a lot size of 0.3. 114 E Thomas Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 49004 which is in Parchment, 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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114 E Thomas Street

Multi-Family Home for sale in Parchment, MI

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