About This Home

This 5-bedroom, 0-bathroom residential multi family at 417 Locust Street #1 & 2 in Kalamazoo, MI is listed for $199,900. Built in 1905, on a 0.10 acres lot.

Key Features

  • Built in 1905
  • 0.10 acre lot
  • 4 parking spaces

Property Details

3 full
4 spaces
#1 & 2
1905
Listing Description

Turnkey duplex offering strong investment potential with updated rental income and recent capital improvements. Both units are currently leased, with updated rental rates generating a combined $2,445 in monthly rental income, or $29,340 annually at full occupancy.

Unit 1's monthly rent increases to $950 effective October 31, 2026, while the spacious 4-bedroom, 2-bath Unit 2 is leased at $1,495 per month. Recent capital improvements include a new roof with sub-roof replacement, updated front entry door, and rebuilt rear patio deck.

With both units occupied at updated rental rates, this property offers investors immediate income, reduced near-term capital improvement needs, and potential for long-term appreciation. An excellent opportunity to acquire an income-producing duplex with established tenants and room for future growth.

Monthly Cost Estimate

$1,069/mo

20% down · 6.5% · 30 years

Principal$145
Interest$866
Insurance$58

Estimates only. Actual payments may vary.

Location

417 Locust Street #1 & 2

Kalamazoo, MI 49007

Property Details

Construction

Brick Wood Siding

Heating

Forced Air

Questions & Answers

This 5-bedroom, 0-bathroom residential multi family at 417 Locust Street is listed at $199,900. The estimated monthly payment is $1,069 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1905, 0.10 acre lot, 4 parking spaces.

This property is listed by Jessica A Lee.

JL

Jessica A Lee

Agent at KW Aspire

Listed by KW Aspire · Broker phone: 8052581234 · View on Broker Site

MLS# 26017298· Source: Michigan Regional Information Center, LLC.· 189 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

417 Locust Street #1 & 2, Kalamazoo, MI 49007

Open this listing in: