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509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
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509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
509 Oak Street
For Sale

509 Oak Street

509 Oak Street, Kalamazoo, MI 49007

$309,900
This well-kept fourplex sits on the north side of the Vine Neighborhood and offers a strong rental history with a current rent roll of $3,195/month and room to increase. All four residences are 1 bed, 1 bath and stay in demand thanks to the location and rents that include all utilities. 3 of the units have been fully renovated over the last 3 years.Inside, each unit blends classic charm with practical updates. Interiors have been refreshed at turnover to support rent growth. Unit #2 has painted cabinets, quartz countertop, a unique backsplash, remodeled bathroom with new vanity / LVP flooring and new carpet. Unit #3 has Unit 3 - Remodeled in 2025 kitchen with granite, LVP flooring throughout, new bathroom, vanity, and shower, and Unit 1 was remodeled in 2024 with new painted kitchen cabinets, new bath and shower, vanity, carpet, and LVP. Unit 4 has never been updated as it has been occupied since seller purchased property. The property features an easily accessible basement with coin laundry, plus off-street parking with two tandem spaces on the north side and one off-street space on the south side.Major system improvements provide peace of mind with a new roof (2019), furnace (2014), water heater (2022), electrical upgrades (2014 and 2023), and exterior paint in 2023. The property is City Certified through 12/31/2026. This property is in an ideal location, close to Kalamazoo College and Western Michigan University, and minutes to downtown dining staples like Bell's Eccentric Cafe, Principle Food & Drink, and Rustica.Timing lines up for immediate value-add or an owner-occupied option, with Units #1 and #2 becoming vacant at the beginning of November, creating a clear path to reset rents to market without waiting for lease expirations. Do not miss this low-maintenance portfolio builder.

2,614 Sq.Ft. lot

Wyatt Hawkins

Wyatt Hawkins

Features & Amenities

Area & Lot

  • Status For Sale
  • Lot Area2,614 Sq.Ft.
  • MLS® ID25057367
  • TypeOther
  • YEAR BUILT1895
  • School DistrictKalamazoo

Exterior

  • utilitiesNatural Gas Connected
  • roofComposition
  • HEAT TYPEForced Air
  • sewerPublic Sewer

Financial

  • Sales Price$309,900
  • Real Estate Tax $1,899/yr
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Schedule a Showing

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Thank you for your interest in 509 Oak Street, Kalamazoo, MI 49007. We are reviewing your request and will be in touch shortly!

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