1336 Portage Street
16 Residential Units, 4 Commercial spaces
Marketing description
Turnkey mixed-use investment opportunity in the heart of Kalamazoo’s Edison neighborhood. 1336 Portage St features 16 residential units and 4 commercial storefronts, creating a strong blend of stable rental income and future upside potential. The property includes fourteen 1-bedroom apartments, two 2-bedroom units, and separately metered electric for each space, helping minimize owner expenses. Several of the current 1-bedroom layouts also offer the potential to convert into additional 2-bedroom units for increased revenue. Current commercial tenants include a salon and wellness/nutrition business, with additional opportunity for future buildout and value-add improvements. Ideally positioned along the high-traffic Portage Street corridor with close proximity to downtown Kalamazoo, Bronson Hospital, restaurants, public transportation, and major employers. A rare opportunity to acquire a renovated multi-unit asset with both immediate cash flow and long-term growth potential in one of Kalamazoo’s established rental markets.
Investment highlights
-16 Residential units ranging from 725-925 sq ft
-Renovations include new flooring, windows, and appliances in select units
-Separately metered electrical utilities, voucher certification, updated rental certification, skylights, and secure mailbox access
-Stable tenant base with potential for rent increase
-4 Street Level Commercial units ranging from 1250-2500 sq ft
-Flexible layouts for retail, service, or office tenants
-Strong visibility along Portage St with consistent traffic
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