$1,661 Closing Credit¹
#25001502, David Howard, Listing Office: CENTURY 21 C. Howard
$150,000 List price
531 Phelps Ave Kalamazoo, MI 49048
$1,781
Closing credit¹
0.1 acres
Multi-Family
Property details
About 531 Phelps Ave
Welcome to 531 Phelps Avenue, a fantastic two-unit property offering endless possibilities! With 4 bedrooms, 2 full baths, and 1,562 sq. ft. of finished living space, this multi-family home is perfect for investors or those looking to offset their mortgage by renting out one unit.Each unit is designed for comfort and practicality, featuring bright and spacious interiors. Located near downtown Kalamazoo, schools, and local amenities, this property is highly desirable for renters and offers consistent income potential.Don't let this opportunity pass you by--add this versatile investment to your portfolio or make it your new home today!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.13 Acres
Year built1961
MLS #66024062956
Summary
- Basement: Yes
- Heating: Forced Air, Natural Gas
- List Price: $150,000
- Annual Tax Amount: $1,190
- Tax Year: 2024
- Directions: From E Main: turn South on Phelps, property is on your right
- Year Built: 1961
- Lot Size: 0.13 Acres
- MLS Number: 66024062956
- MLS Name: Greater Kalamazoo Association of REALTORS
- Office Name: Jaqua, REALTORS
- Office Phone: (269) 685-6858
- Listing Agent: Isaac L Hibma
Disclaimer: 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 2:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$150,000
531 Phelps Ave
$1,781
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $39,200 | $1,190 |
| 2023 | $35,800 | $1,190 |
| 2022 | $30,700 | $1,302 |
| 2021 | $27,300 | $1,235 |
| 2020 | $24,400 | $1,190 |
| 2019 | $19,700 | $1,190 |
| 2018 | $20,000 | $- |
| 2017 | $20,200 | $- |
History based on county public records data.
Nearby schools
3
Northeastern Elementary School
Public District PK-5
0.9 mi
•2433 Gertrude St
3
Edison Academy
Public Magnet PK-5
1.1 mi
•924 Russell St
4
Lincoln International Studies School
Public Magnet PK-5
1.2 mi
•912 N Burdick St
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 $21,061. Typical income of Kalamazoo, MI residents is less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
71%
<35k
23%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
42%
Single, No Kids
32%
Single, with Kids
11%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
26%
<11 yrs old
12%
12-17 yrs old
23%
18-34 yrs old
32%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
NHRA Drag Racing
Soccer
Where do the neighbors shop?
Burlington
Books-a-Million
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Golden Corral
Dominos Pizza
What do the neighbors drive?
Chevrolet
Toyota
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Adult Hits- Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 531 Phelps Ave in Kalamazoo, MI and zip code 49048 in the Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $150,000.
While more than 38 listings in Kalamazoo, MI in April 2025 were sold above asking price, there were more than 27 listings sold at asking price, and more than 44 were sold below. The inventory of homes for sale in Kalamazoo, MI between March and April 2025 increased by 14%. The median list price of listings available in April 2025 was $234,765, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.