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502 Locust Street Kalamazoo, MI $ 220,000
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$ 220,000 Get more info
502 Locust Street
$ 220,000
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502 Locust Street

Kalamazoo, MI, 49007
$ 220,000
Baths0.0

Monthly Estimate*

$ 1,355

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Studio

Multi-Family Home for sale in Kalamazoo, MI

for $220,000. This home was built in 1865 on a lot size of 0.13.

Own and occupy this completely remodeled side-by-side duplex with 2 BR available August 1 and 1 BR rented through 7.2027. comes with 3 car garage for parking and storage, garden space and small yard for minimal care. Since 2010, the 2BR bath was expanded to accommodate a walk in shower, laundry and storage, a new roof was added, Aluminum siding painted, porch steps and railings replaced, 2 new furnaces and water heaters, updated electrical panels, lighting, kitchens and baths. Hardwood floors and open floorplan

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Multi-Family Active

Price

$ 220,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,309

Style

2 to 4 Units

Lot Size

0.13

Year Built

1865

Town/City

Kalamazoo

County/Region

Kalamazoo

MLS | Web ID

26020470
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected Cable Connected Storm Sewer
Possession Close Of Escrow Subject To Tenant Rights
Roof Composition
Construction Materials Aluminum Siding Wood Siding
Year Built 1865
Tenant Pays Electric Gas
Township Kalamazoo City
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Broker/Agent Owned
Gross Income 7840.0
County Kalamazoo
Net Operating Income 5449.0
Operating Expense 2391.0
Insurance Expense 629.0
New Construction N
Property Type Multi Family
Attached Garage N
MaintenanceExpense 1117.0
Status Active
Directions SW corner of Locust and Cedar
City Kalamazoo
High School District Kalamazoo
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 5663.0
Listing Terms Cash Contract
Land Lease Y/N N
Tax Annual Amount 2309.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 33400
Legal Description 50426 WELCHS ADDITION N 5R OF LOT 433.
Senior Community None
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Interior
Basement Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Laundry Features In Unit
Total Baths 0
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Exterior
Parking Features Concrete Driveway Paved
Lot Features Corner Lot
Total Parking 3.0
Lot Size Area 0.13
Number of Buildings 1
Spa N
Lot Dimensions 66 x 82.5
Lot Size Acres 0.13
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 502
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* Excluded Features
List By
Home Marketing Systems, Inc.

Broker

mike@hmsys.com

Email

Affordability Calculator

$1,547
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,355
Monthly Property Taxes
$192
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
251492 Elementary School
248593 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/7/2026$220,000 Listed Price

Map

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502 Locust Street, Kalamazoo, MI, 49007 is a Multi-Family Home for sale at $220,000 with a lot size of 0.13. 502 Locust Street is a studio with 0.0 baths and was built in 1865. The property's zip code is 49007 which is in Kalamazoo, MI

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