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922 S Park St, Kalamazoo, MI, 49001

6beds
6baths
3,058sqft
$360,000
$118price/sqft
$2,812/moest. monthly cost
$112,480/yrincome needed

About This Home

This well-maintained 6-unit apartment building presents a solid opportunity for both seasoned investors and those looking to expand their portfolio. The property offers consistent rental income with a current gross monthly rent of $5,350. Tenants benefit from on-site laundry facilities located in the basement, enhancing convenience and retention. The rear parking lot provides ample off-street parking, a highly desirable feature that supports tenant satisfaction and occupancy stability.

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
77
BikeVery Bikeable

Construction

Condition

  • Year built: 1905

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: 5+ Units

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Michigan Basement

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 6

Heating

  • Heating features: Forced Air

Interior Area

  • Total interior livable area: 3,058 sqft

Property

Details

  • Parcel number: 390622166012
  • Zoning description: R

Lot

  • Lot size: 10,018 sqft
  • Features: Flag Lot
  • Lot size dimensions: 61 x 166

Parking

  • Total spaces: 7
  • Parking features: Driveway,Gravel

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Kalamazoo County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,820$21,840
Home Insurance *$254$3,048
Property Taxes $405$4,860
Electricity $333$4,002
Total$2,812$33,744
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$96,411/yr
40% on housing$84,360/yr
45% on housing$74,986/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: -4.9%
-4.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$118This listing

vs Other Active Listings

Avg $/sqft

ZIP 49001$84
Kalamazoo County$152

vs Homes Sold Last Month

Median $/sqft

ZIP 49001$140
Kalamazoo County$166

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-06Price change$375,000
2025-08-08Price change$400,000
2024-11-05Price change$420,000
2024-06-14Listed for sale$400,000
2024-06-08Pending sale$400,000
2024-04-08Price change$400,000
2023-11-22Price change$420,000
2023-11-20Price change$449,000
2023-11-15Listed for sale$450,000
2023-04-05Sold$220,000
2023-02-21Pending sale$224,900

For Sale by Agent

AgentAdam Atwood
BrokerageFive Star Real Estate

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