521 Pearl Street, Kalamazoo City, MI 49007
Kalamazoo County
Key Facts
Description
This well-maintained 8-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $6,350.Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1924
Living Area
3,526 sq ft
Lot Size
0.25 acres
Lot Dimensions
66 x 165
Parking Spaces
12
MLS® Listing#
66026013773
Property Features
Heating
Basement
Parking
Laundry
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$9,400
Tax year 2025
Assessed Value
$139,639
Parcel Number
390621238339
Affordability Calculator
$95,000
Estimated monthly payment
$2,528/mo
Principal $380,000 · Est. interest $530,134 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kalamazoo City, MI
- $238,793
- Median Listing Price
- 58
- Median Days on Market
- 1,500
- Median Sq Ft
- $137
- Median Price / Sq Ft
- 13,740
- Active Listings
- This home’s price is 99% above the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kalamazoo City, MI.
Location
Points of Interest in Kalamazoo City, MI
Showing the Kalamazoo City area map.
Nearby Schools
El Sol Elementary
Elementary · 0.2 mi away
Kamsc - Kalamazoo Area Math and Science Center
Secondary · 0.2 mi away
St. Augustine Cathedral
School · 0.3 mi away
Arcus Center for Social Justice Leadership
School · 0.7 mi away
Woodward School
Elementary · 0.7 mi away
Phoenix High School
Secondary · 0.9 mi away
Kalamazoo Psychiatric Hospital
School · 0.9 mi away
Lincoln International Studies School
Elementary · 1.0 mi away
Kalamazoo Public Schools
School · 1.0 mi away
Maple Street Magnet School for the Arts
Secondary · 1.0 mi away
KPS's West Main Professional Development Center
School · 1.1 mi away
Navigator Academy
School · 1.2 mi away
Edison Environmental Science Academy
School · 1.2 mi away
Evergreen Academy
School · 1.2 mi away
Chemistry Building
School · 1.3 mi away
Kazoo School
School · 1.3 mi away
Dunbar Hall
School · 1.3 mi away
Brown Hall
School · 1.3 mi away
Parkwood-Upjohn Elementary School
Elementary · 1.3 mi away
Washington Writers Academy
School · 1.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5815 Chicago Road, Warren City, MI | $334,900 | 4 | 2 | 2,720 |
| 951 E Grand Boulevard, Detroit City, MI | $334,900 | 6 | 4 | 3,609 |
| 1124 Mechanic Street, Big Rapids City, MI | $334,900 | 4 | 3 | 1,882 |
| 8076 Winona Avenue, Allen Park City, MI | $334,900 | 4 | 3 | 2,025 |
| 33828 Stonewood Drive, Sterling Heights City, MI | $334,900 | 5 | 3 | 2,024 |
| 387 Pinery Lane, Fremont City, MI | $334,900 | 4 | 2 | 2,072 |
Moving Cost Estimate
EXIT Agents in Kalamazoo City
Listing Courtesy: Five Star Real Estate - 2693774589
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