$549,000

1327-1329 Fraternity Village Dr Kalamazoo, MI 49006

$6,519
Closing credit¹
0.3 acres
Multi-Family

Property details

About 1327-1329 Fraternity Village Dr

Located just minutes from the Western Michigan University campus, this fully leased duplex is a turn-key investment opportunity in one of Kalamazoo's most sought-after student rental markets. The property features two spacious units with a total of eleven bedrooms and six full bathrooms.Unit 1327 offers five bedrooms and three full bathrooms, along with in-unit laundry and four garage stalls, each equipped with automatic openers. Unit 1329 includes six bedrooms and three full bathrooms, also with in-unit laundry and five garage stalls with openers. Both units are thoughtfully designed for student living with ample space, modern conveniences, and private access to parking.The entire property is currently fully occupied at $525 per bedroom, with tenants responsible for allutilities. This ensures strong, consistent rental income and low operating expenses. With its unbeatable location, generous bedroom count, and excellent amenities, this duplex is a high-performing asset ideal for investors seeking reliable cash flow in a competitive student housing market. For more information or to schedule a private showing, reach out today. Opportunities like this don't come around often.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
BasementYes
Lot size0.35 Acres
Year built2008
ParkingConcrete, Garage
MLS #66025017356

Virtual tour

Summary

  • Basement: Yes
  • Interior: Storage
  • Parking: Concrete, Garage
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • List Price: $549,000
  • Directions: Howard St to Michigan Ave, west on Michigan Ave to Fraternity Village, south on Fraternity Village to red bldg on the left ***or*** Drake Rd to KL Ave, west on KL
  • Year Built: 2008
  • Lot Size: 0.35 Acres
  • MLS Number: 66025017356
  • MLS Name: Greater Kalamazoo Association of REALTORS
  • Office Name: Five Star Real Estate
  • Office Phone: (269) 377-4589
  • Listing Agent: Adam Atwood

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
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Last updated on: 5/2/2025, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of home's exterior with an attached garage, driveway, and a lawn

$549,000

1327-1329 Fraternity Village Dr

$6,519

closing credit¹

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Price information

Property sales

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Tax history

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Nearby schools

3

Arcadia Elementary School

Public District PK-5

0.7 mi

932 Boswell Ln

5

Winchell Elementary School

Public District PK-5

0.7 mi

2316 Winchell Ave

4

Woods Lake Elementary School

Public Magnet KG-5

1.3 mi

3215 Oakland Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $22,602. The most common annual income of people living in Kalamazoo, MI is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

76%
<35k
22%
35k-100k
1%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

83%
Single, No Kids
12%
Single, with Kids
3%
Married, No Kids
2%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

7%
<11 yrs old
3%
12-17 yrs old
80%
18-34 yrs old
6%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Continuing Education CoursesContinuing Education Courses
  • Symphony or OperaSymphony or Opera

Where do the neighbors shop?

  • Express/Express For MenExpress/Express For Men
  • Chico'sChico's
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • QdobaQdoba
  • Boston MarketBoston Market

What do the neighbors drive?

  • PontiacPontiac
  • VolkswagenVolkswagen
  • VolvoVolvo

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Talk/PersonalityTalk/Personality
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1327-1329 Fraternity Village Dr in Kalamazoo, MI and zip code 49006 in the Knollwood neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 24, 2025 and is currently priced at $549,000.

Kalamazoo, MI housing market in April 2025 saw over 38 listings sold above listed price, more than 27 sold at listed price and over 44 sold below. The number of homes for sale in Kalamazoo, MI increased by 14% between March and April 2025. While the average time on the market in April 2025 was 32 days, the median list price was $234,765.

From Rocket Homes Real Estate and based on county public records data.

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