1332 Reed Ave, Kalamazoo, MI, 49001
About This Home
Investment Opportunity – Triplex with Detached 2-Car Garage Excellent opportunity to own an income-producing triplex with strong value-add potential. This property features three separate units, including one 2-bedroom/1-bath apartment, one 1-bedroom/1-bath apartment, and one studio apartment, making it an attractive option for investors or owner-occupants looking to offset their mortgage with rental income. The property includes a detached two-car garage that provides additional storage or rental potential. Several newer updates have already been completed, giving the next owner a solid foundation to continue improving the property. Previously generating approximately $2,400 per month in gross rental income, this property offers multiple income streams and flexibility. With vacant units, buyers have the opportunity to set current market rents, renovate further, or move into one unit while renting the others. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer interested in house hacking, this property offers excellent upside at an affordable price. For Sale By Owner. Land contract financing and negotiable offers will be considered.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1901
Type & Style
- Home type: MultiFamily
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Interior Area
- Total interior livable area: 2,500 sqft
Property
Parking
- Parking features: Garage
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
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Kalamazoo County and Michigan
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $854 | $10,248 |
| Home Insurance * | $119 | $1,428 |
| Property Taxes | $190 | $2,280 |
| Electricity | $272 | $3,272 |
| Total | $1,435 | $17,220 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listed for sale | $169,000 |
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