531 Phelps Avenue Kalamazoo, MI 49048

Multi-Family (2-4 Units) MLS #: 24062956 Courtesy Of Jaqua Realtors
414 W. Milham Ave, Portage, MI 49024

$150,000

0.13 acres
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Est. Property Tax: $1,435
Estimated monthly payments: $775/mo.* (recalculate)

Property InformationDescription

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!

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Exterior Type: Vinyl Siding
  • Heating System: Forced Air
  • Lot Size: 0.13 Acres

MAP & DIRECTIONS

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531 Phelps Avenue, Kalamazoo, MI 49048
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School Information

531 Phelps Avenue, Kalamazoo, MI 49048

Elementary School
Grades PK-5 | Public School
NORTHEASTERN ELEMENTARY SCHOOL
Kalamazoo, MI 49048
2433 Gertrude St
269.­337.0690
Distance: 0.9 mi
School Rating
D
Student:Teacher Ratio
13:1
Total Students
228
Middle School
Grades 6-8 | Public School
LINDEN GROVE MIDDLE SCHOOL
Kalamazoo, MI 49006
4241 Arboretum Pkwy
269.­337.1740
Distance: 4.2 mi
School Rating
D+
Student:Teacher Ratio
19:1
Total Students
756
High School
Grades 9-12 | Public School
KALAMAZOO CENTRAL HIGH SCHOOL
Kalamazoo, MI 49006
2432 N Drake Rd
269.­337.0300
Distance: 4.6 mi
School Rating
C
Student:Teacher Ratio
24:1
Total Students
1750
Other Nearby Schools Distance Type Grades School Rating
Youth Center School 0.5 mi Public 5-12
Kalamazoo Resa West Campusyoung Adult Program 1.0 mi Public 6-12
Edison Academy 1.1 mi Public PK-5 D
Lincoln International Studies School 1.2 mi Public PK-5 C-
Comstock Compass High School 1.5 mi Public KG-12 F
Barclay Hills Education Center 1.5 mi Public 6-12 F
Valley Center School 1.6 mi Public 1-12 D-
St Augustine School 1.6 mi Private PK-8
Washington Writers' Academy 1.8 mi Public PK-5 D-
Kalamazoo Area Math And Science Center 1.8 mi Public 9-12
El Sol Elementary School 1.8 mi Public KG-5 C
Woodward School For Technology And Research 1.9 mi Public PK-5 C
Lets Talk About It Girls Home 1.9 mi Public 6-12
Lets Talk About It Home For Young Men 1.9 mi Public 6-12
Forest Academy 1.9 mi Public KG-8
Northglade Montessori Magnet School 2.0 mi Public KG-5 C
Kalamazoo Covenant Academy 2.0 mi Public 9-12 F
Spring Valley Center For Exploration 2.2 mi Public PK-5 D+
Comstock High School 2.2 mi Public 9-12 C-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Kalamazoo, MI 49048

Median Age: 36.6
Married: 39%
Number of Households: 10,671
Households with Children: 35.5%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.