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
Virtual tour
Summary
- Basement: Yes
- Interior: Storage
- Parking: Concrete, Garage
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $544,000
- 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
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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.
Neighborhood
The neighbors living near this home have an average income of $22,602. Most Kalamazoo, MI residents have annual incomes less than $<35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Continuing Education Courses
Symphony or Opera
Where do the neighbors shop?
Express/Express For Men
Chico's
Banana Republic
Where do the neighbors go to eat?
Starbucks
Qdoba
Boston Market
What do the neighbors drive?
Pontiac
Volkswagen
Volvo
What do the neighbors listen to?
Urban Contemporary
Talk/Personality
Rhythmic Contemporary Hits
Frequently asked questions
About 1327-1329 Fraternity Village Dr
The listing price of 1327-1329 Fraternity Village Dr property is $544,000.
The property 1327-1329 Fraternity Village Dr is a multi located in Kalamazoo, Michigan, 49006.
Active Listing: 1327-1329 Fraternity Village Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1327-1329 Fraternity Village Dr are: Arcadia Elementary School (GreatSchools Rating 3/10), Winchell Elementary School (GreatSchools Rating 5/10), Woods Lake Elementary School (GreatSchools Rating 4/10), Linden Grove Middle School (GreatSchools Rating 3/10), Maple Street Magnet School for the Arts (GreatSchools Rating 4/10), Hillside Middle School (GreatSchools Rating 3/10), Phoenix Alternative High School (GreatSchools Rating 1/10), Kalamazoo Covenant Academy (GreatSchools Rating 1/10), Kalamazoo Innovative Learning Program (GreatSchools Rating 2/10).
The year of construction for 1327-1329 Fraternity Village Dr is 2008.
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 $544,000.
Kalamazoo, MI housing market in June 2025 saw over 49 listings sold above listed price, more than 25 sold at listed price and over 49 sold below. Between May and June 2025, Kalamazoo, MI real estate market has seen increase in the number of listings by 10.9%. In June 2025, listings were on the market for 17 days. During the same period, the median list price in this real estate market was $235,000.