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820-822 Wallace Ave, Kalamazoo, MI, 49048

3beds
2baths
--sqft
$174,900
--price/sqft
$1,371/moest. monthly cost
$54,840/yrincome needed

About This Home

Don't miss this fantastic investment opportunity! This duplex features a 2-bedroom, 1-bath unit currently rented for $990/month to month, its neighboring unit is a 1-bedroom, 1-bath unit renting for $925/month . The property offers a spacious basement for additional storage and a large backyard area. What a great choice for any investor looking to get started! Call or text for more information.

Getting Around

55
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

6/10
7/10
6/10

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: 2 to 4 Units

Interior

Basement

  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s)

Property

Accessibility

  • Accessibility features: Rocker Light Switche

Details

  • Parcel number: 0614431121

Lot

  • Lot size: 10,454 sqft
  • Features: Level
  • Lot size dimensions: 90.35 x 80.86 x 151.2 x 23 x 32.1

Parking

  • Parking features: Unpaved

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

  • Hail
    HailModerate

How This Home’s Risks Compare

Hail

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 $884$10,608
Home Insurance *$103$1,236
Property Taxes $196$2,352
Electricity $188$2,259
Total$1,371$16,452
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$47,005/yr
40% on housing$41,130/yr
45% on housing$36,560/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 49048$118
Kalamazoo County$152

vs Homes Sold Last Month

Median $/sqft

ZIP 49048$148
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)

No zestimate history available

Price History

DateEventPrice
2026-04-14Listed for sale$174,900

For Sale by Agent

AgentAhmed ''Ali'' Khalil
BrokerageeXp Realty LLC

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