515 Locust Street

$249,900
Price
4
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

5 unit Investment opportunity in the Vine Neighborhood, downtown Kalamazoo. Large lot with plenty of off-street parking. Close to WMU, Kalamazoo College and central business district. Three one-bedroom apartments and two studio apartments. Newer roof. Five furnaces and one water heater were recently installed and gas meters split.5 unit Investment opportunity in the Vine Neighborhood, downtown Kalamazoo. Large lot with plenty of off-street parking. Close to WMU, Kalamazoo College and central business district. Three one-bedroom apartments and two studio apartments. Newer roof. Five furnaces and one water heater were recently installed and gas meters split.
  1. Listed by Joseph Lukeman • Lukeman Group LLC
    P: (269)-598-6567 C: (269)-598-6567 jlukeman@lukemangroup.com

Property Details for 515 Locust Street

Zoning
RM-15
ZoningDescription
RM-15
LISTING UPDATED: 12/15/2025 12:55 PM

Property Details for 515 Locust Street

StatusActive
MLS #25057512
Days on Market39
Taxes$5,879 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 5+ Units
Year Built1860
Lot Size0.20 AC / 8,712 SF
CountyKalamazoo County

Location

Listing Courtesy of Lukeman Group LLC
Add your commute

Building Information for 515 Locust Street

Stories-Residences5Year Built1860Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$1,725 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,235

Property Taxes

$490

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 515 Locust Street

Summary
Location and General Information
  • Cross Streets: Cedar and Vine
  • Municipality: Kalamazoo City
  • Area - Major: Greater Kalamazoo - K
  • Street #: 515
  • Street Name: Locust
  • Suffix: Street
  • City: Kalamazoo
  • State: MI
  • Zip Code: 49007
  • County: Kalamazoo
  • Latitude: 42.286929
  • Longitude: -85.593066
  • Area - Minor: Greater Kalamazoo - K
Taxes and HOA
  • Taxable Value: 86500.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 06-21-236-409
Parking
  • Parking Features: Driveway, Gravel
  • Parking Total: 5.0
  • Attached Garage: No
  • Driveway: Gravel
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Level
  • Lot Dimensions: 66x132
  • Lot Measurement: Acres
  • Lot Acres: 0.2
  • Lot Square Footage: 8712.0
  • Lot Size Area: 0.2
Property and Assessments
  • Tax Year: 2025
  • Road Surface Type: Paved
  • Legal: 50308 WELCHS ADDITION LOT 409.
  • Property Sub-Type: 5+ Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1860
  • Video Groups: 0
Utilities
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
  • Sewer: Public Sewer, True
  • Util Avail at Street: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Public Sewer, Public Water
  • Utilities Attached: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Wood Siding
  • Street Type: Paved
  • Exterior Material: Wood Siding
  • Roofing: Composition
  • Substructure: Other
Interior Features
  • Heating: Forced Air
  • Basement: Yes
  • Basement Yes/No: Yes
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
Multi Family
Multi Family Information
  • Number of Units: 5
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 1
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $450.00
  • Occupied: Yes
  • Description: New Roof
Unit 2
  • BathsTotal: 1
  • BedsTotal: 1
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $700.00
  • Description: 1 bedroom
Unit 3
  • BathsTotal: 1
  • BedsTotal: 1
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $835.00
  • Description: 1 bedroom
Unit 4
  • BathsTotal: 1
  • BedsTotal: 0
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $760.00
  • Description: Studio
Unit 5
  • BathsTotal: 1
  • BedsTotal: 1
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $800.00
  • Description: 1 bedroom
Unit 6
  • BathsTotal: 0
Unit 7
  • BathsTotal: 0
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Occupant Type: Tenant
  • Tenant Pays: Gas
  • Owner Pays: Electricity, Sewer, Trash Collection, Water
  • Terms Available: Cash, Conventional, VA Loan

Property History for 515 Locust Street

DateEvent & SourcePriceAppreciation
Dec 15, 2025

Listed (Active)

Michigan Regional Information Center #25057512

$249,900—
Dec 7, 2023

Sold

Michigan Regional Information Center #23026331

$205,000—
Oct 5, 2023

Contract Signed

Michigan Regional Information Center #23026331

—
Jul 23, 2023

Listed (Active)

Michigan Regional Information Center #23026331

$220,000—
Apr 27, 2009

Sold (Public Record)

Public Record #1122932394

$57,000—
Apr 23, 2009

Sold

Michigan Regional Information Center #2901734

$57,000—
Apr 4, 2009

Contract Signed

Michigan Regional Information Center #2901734

—
Jan 22, 2009

Listed (Active)

Michigan Regional Information Center #2901734

$74,900—
May 19, 2008

Temporarily Off Market

Michigan Regional Information Center #2723936

$89,900—
May 19, 2008

Temporarily Off Market

Michigan Regional Information Center #3595364

$89,900—
May 25, 2007

Listed (Active)

Michigan Regional Information Center #3595364

$89,900—
May 23, 2007

Listed (Active)

Michigan Regional Information Center #2723936

$89,900—
DateEvent & SourcePrice
12/15/2025

Listed (Active)

Michigan Regional Information Center #25057512

$249,900
12/07/2023

Sold

Michigan Regional Information Center #23026331

$205,000
10/05/2023

Contract Signed

Michigan Regional Information Center #23026331

—
07/23/2023

Listed (Active)

Michigan Regional Information Center #23026331

$220,000
04/27/2009

Sold (Public Record)

Public Record #1122932394

$57,000
04/23/2009

Sold

Michigan Regional Information Center #2901734

$57,000
04/04/2009

Contract Signed

Michigan Regional Information Center #2901734

—
01/22/2009

Listed (Active)

Michigan Regional Information Center #2901734

$74,900
05/19/2008

Temporarily Off Market

Michigan Regional Information Center #2723936

$89,900
05/19/2008

Temporarily Off Market

Michigan Regional Information Center #3595364

$89,900
05/25/2007

Listed (Active)

Michigan Regional Information Center #3595364

$89,900
05/23/2007

Listed (Active)

Michigan Regional Information Center #2723936

$89,900

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

Public Records for 515 Locust Street

Taxable ValueLand-Additions-Total-
Tax Record2020$2,173 ($181 / month)
Home Facts
Beds0Total Finished SqFt2,542 SqFtAbove Grade Finished SqFt2,542 SqFtLot Size8,712 SqFtStyleSingle Family ResidenceYear Built1860ZoningRM-15CountyKALAMAZOOAPN06-21-236-409

Schools near 515 Locust Street

This home is within Kalamazoo Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Maple Street Magnet School For The Arts
Public6 to 8

Loy Norrix High School
Public9 to 12

El Sol Elementary
PublicK to 5

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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515 Locust Street is a multi-family home for sale in Kalamazoo, MI 49007. This property was listed for sale on December 15, 2025 by Lukeman Group LLC, it's currently listed at $249,900. It has been on the market for a total of 39 days and was last sold on December 7, 2023. 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. 515 Locust Street is a 4-bed, 5-bath, multi-family home built in 1860.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lukeman Group LLC

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