502 Locust Street

Kalamazoo, MI 49007

$220,000
Price
3
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Description

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...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
  1. Listed by Mike H Fleckenstein • Brokerage DRE #6505292176 • Home Marketing Systems, Inc.
    P: (269)-342-1488 C: (269)-998-8110 mike@hmsys.com

Amenities

  • Basement
  • Dishwasher
  • Driveway
  • Fireplace
  • Forced Air
  • Garage
  • Hardwood Floors
  • Internet Included
LISTING UPDATED: 05/11/2026 01:37 PM

Property Details for 502 Locust Street

StatusActive
MLS #26020470
Days on Market53
Taxes$2,309 / year
HOA Fees-
Condo/Co-op Fees$1,117 / month
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1865
Lot Size0.13 AC / 5,663 SF
CountyKalamazoo County
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Location

Listing Courtesy of Home Marketing Systems, Inc.
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Building Information for 502 Locust Street

Stories-Residences2Year Built1865Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

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$2,406 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,096

Property Taxes

$192

HOA Dues

$1,117

The Payment Calculator is for illustrative purposes only.

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Property Information for 502 Locust Street

Summary
Location and General Information
  • Cross Streets: cedar and Walnut
  • Municipality: Kalamazoo City
  • Directions: SW corner of Locust and Cedar
  • Area - Major: Kalamazoo (39022)
  • Street #: 502
  • Street Name: Locust
  • Suffix: Street
  • City: Kalamazoo
  • State: MI
  • Zip Code: 49007
  • County: Kalamazoo
  • Latitude: 42.287279
  • Longitude: -85.593684
Taxes and HOA
  • Taxable Value: 33400.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 06-21-235-001
  • Homestead: 0
  • SEV: 70400
Parking
  • Parking Features: Concrete, Driveway, Paved
  • Parking Total: 3.0
  • Attached Garage: No
  • Driveway: Concrete, Paved
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Corner Lot
  • Lot Dimensions: 66 x 82.5
  • Lot Measurement: Acres
  • Lot Acres: 0.13
  • Lot Square Footage: 5663.0
  • Lot Size Area: 0.13
Property and Assessments
  • Tax Year: 2025
  • Road Surface Type: Paved
  • Legal: 50426 WELCHS ADDITION N 5R OF LOT 433.
  • Property Sub-Type: 2 to 4 Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1865
  • Video Groups: 0
  • Mineral Rights: No
  • Accessibility Features YN: No
Utilities
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
  • Electric: True
  • Sewer: Public Sewer, True
  • Util Avail at Street: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Public Sewer, Public Water, Storm Sewer
  • Utilities Attached: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Aluminum Siding, Wood Siding
  • Street Type: Paved, Public
  • Exterior Material: Aluminum Siding, Wood Siding
  • Roofing: Composition
  • Substructure: Michigan Basement
  • Extras: Garages, Sep Electric Meter, Sep Gas Meter
Interior Features
  • Heating: Forced Air
  • Laundry Features: In Unit
  • Basement: Yes
  • Cooling: None
  • Basement Yes/No: Yes
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: No
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Air Conditioning: None
Multi Family
Multi Family Information
  • Number of Units: 2
Income & Expense
  • Manager Expense: $456.00
  • Maintenance Expense: $1,117.00
  • Insurance Expense: $629.00
  • Net Operating Income: $5,449.00
  • Operating Expense: $2,391.00
  • Gross Income: $7,840.00
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 1
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $790.00
  • Occupied: Yes
  • Description: 803 w Cedar
Unit 2
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $890.00
  • Description: 502 Locust
Rental
Rental Information
  • Occupant Type: Tenant
  • Tenant Pays: Electric, Gas
  • Owner Pays: Sewer, Trash Collection, Water
  • Terms Available: Cash, Land Contract, Lease Purchase

Property History for 502 Locust Street

DateEvent & SourcePriceAppreciation
May 7, 2026

Listed (Active)

Michigan Regional Information Center #26020470

$220,000—
May 7, 2026

Listed (Active)

MiRealSource #70530159

$220,000—
Feb 19, 2012

Temporarily Off Market

Michigan Regional Information Center #11008939

$59,900—
DateEvent & SourcePrice
05/07/2026

Listed (Active)

Michigan Regional Information Center #26020470

$220,000
05/07/2026

Listed (Active)

MiRealSource #70530159

$220,000
02/19/2012

Temporarily Off Market

Michigan Regional Information Center #11008939

$59,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 502 Locust Street

Taxable ValueLand-Additions-Total-
Tax Record2024$2,242 ($187 / month)
Home Facts
Beds0Total Finished SqFt1,269 SqFtAbove Grade Finished SqFt1,269 SqFtLot Size5,663 SqFtStyleSingle Family ResidenceYear Built1865ZoningRM-15CountyKALAMAZOOAPN06-21-235-001

Schools near 502 Locust Street

This home is within Kalamazoo Public Schools.
Rating
School
Type
Grades
Distance
Woods Lake Elementary:A Magnet Center For The Arts
Public - PK to 5
Maple Street Magnet School For The Arts
Public - 6 to 8
Loy Norrix High School
Public - 9 to 12
Indian Prairie Elementary School
Public - PK to 3
Rating
School
Distance
Woods Lake Elementary:A Magnet Center For The Arts
PublicPK to 5

Maple Street Magnet School For The Arts
Public6 to 8

Loy Norrix High School
Public9 to 12

Indian Prairie Elementary School
PublicPK to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 502 Locust Street, Kalamazoo, MI 49007

502 Locust Street is a multi-family home for sale in Kalamazoo, MI 49007. This property was listed for sale on May 7, 2026 by Home Marketing Systems, Inc., it's currently listed at $220,000. It has been on the market for a total of 53 days and was last sold on April 5, 2010. This listing's school district is Kalamazoo Public Schools. Nearby schools include Woods Lake Elementary:A Magnet Center For The Arts, Maple Street Magnet School For The Arts and Loy Norrix High School. 502 Locust Street is a 3-bed, 2-bath, multi-family home built in 1865.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Marketing Systems, Inc.

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