447 W Walnut Street, Kalamazoo, MI 49007 (MLS# 26009891)

447 W Walnut Street, Kalamazoo, MI 49007

New Listing

$1,200,000

Property Type: Multi Family Lot Size (sq. ft.): 13,504 Status: Active

Current Price: $1,200,000 List Date: 3/15/2026 Last Modified: 3/17/2026

Overview

Description

Unique opportunity to own an historical gem in the heart of Kalamazoo's Vine Neighborhood. This 15 unit 3 story brick apartment building has had significant capital improvements over the years while maintaining it's 1907 character. 9 of the 15 units have had kitchen and bathroom remodels. Hardwood floors and built ins are featured in many units. Building features (9) 1 bedroom units, (5) 2 bedroom units, and a 4 bedroom unit. New electrical panel upgrades for all 15 units, back up electric heating systems in 4 units and 2 commercial water heaters, Rents have increased year over year. Historically fully occupied. Certification through 7/31/27. Seller is a licensed Realtor in the State of MI.

Listing Details MLS# 26009891

Location Property Info

County: Kalamazoo
Street #: 447
Street Direction: W
Street Name: Walnut
Suffix: Street
State: MI
Zip Code: 49007
Zip (4): 5181

General Property Info

Lot Measurement: Acres
Lot Square Footage: 13504
Lot Acres: 0.31
Lot Dimensions: 132x103
Year Built: 1905
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-07-31
Road Frontage: 132
Total # Units: 15
# of Diff Unit Floor Plans: 15
Total # Bldgs: Yes
Total Parking Spaces: 3
Waterfront: No
School District: Kalamazoo
Basement: No

Tax Info

Tax ID #: 06-22-115-050
Taxable Value: 170086
SEV: 331100
For Tax Year: 2025
Seller's Annual Property Tax: 11758.41
Tax Year: 2025
Spec Assessment & Ty: none known
Zoning: LW1
Homestead %: 0

Access Feat

Accessibility Features: No

Unit 1

Unit Description: First Floor 1 BR
Occupied: Yes
Monthly Rent: 895
Bathrooms: Yes
Full Baths: Yes

More Information

Unit 2

Unit #: 2
Unit Description: First Floor 2 BR
Occupied: Yes
Monthly Rent: 1170
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: First Floor 1 BR
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: First Floor 2 BR
Occupied: Yes
Monthly Rent: 1040
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 5
Unit Description: 2nd Floor 4 BR
Occupied: Yes
Monthly Rent: 1450
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 6
Unit Description: 2nd Floor 1 BR
Occupied: Yes
Monthly Rent: 875
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit #: 7
Unit Description: 2nd Floor 2 BR
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 900

Unit 8

Unit #: 8
Unit Description: 3rd Floor 2 BR
Occupied: Yes
Monthly Rent: 1100
Bathrooms: Yes
Full Baths: Yes

Unit 9

Unit #: 9
Unit Description: 3rd Floor 1 BR
Occupied: Yes
Monthly Rent: 875
Bathrooms: Yes
Full Baths: Yes

Unit 10

Unit #: 10
Unit Description: 3rd Floor 1 BR
Occupied: Yes
Monthly Rent: 950
Bathrooms: Yes
Full Baths: Yes

Unit 11

Unit #: 11
Unit Description: 3rd Floor 1 BR
Occupied: Yes
Monthly Rent: 725
Bathrooms: Yes
Full Baths: Yes

Unit 12

Unit #: 12
Unit Description: 3rd FLoor 1 BR
Monthly Rent: 825
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: S Westnedge and S Park
Property Sub-Type: 5+ Units
Municipality: Kalamazoo City
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: Unique opportunity to own an historical gem in the heart of Kalamazoo's Vine Neighborhood. This 15 unit 3 story brick apartment building has had significant capital improvements over the years while maintaining it's 1907 character. 9 of the 15 units have had kitchen and bathroom remodels. Hardwood floors and built ins are featured in many units. Building features (9) 1 bedroom units, (5) 2 bedroom units, and a 4 bedroom unit. New electrical panel upgrades for all 15 units, back up electric heating systems in 4 units and 2 commercial water heaters, Rents have increased year over year. Historically fully occupied. Certification through 7/31/27. Seller is a licensed Realtor in the State of MI.
Legal: 27036 KALAMAZOO INSTITUTE ADDITION, LIBER K OF PLATS PAGE 295; LOT 39 & THE NORTH 37FT OF LOT 38.

Lot Description

Corner Lot: Yes

Street Type

Paved: Yes

Util Avail at Street

Electricity Available: Yes
Natural Gas Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Common Area: Yes
In Basement: Yes

Exterior Material

Brick: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Hot Water: Yes

Air Conditioning

None: Yes

Tenant Pays

Electric: Yes

Driveway

Gravel: Yes

Substructure

Full: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Common Area; In Basement Exterior Material: Brick Roofing: Rubber Substructure: Full Lot Description: Corner Lot Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Hot Water Air Conditioning: None Driveway: Gravel Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

Listing Office: Lukeman Group LLC

Listing Agent: Joseph Lukeman

Last Updated: March - 17 - 2026

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