For sale

$169,999

Est. $1,332/mo —

•

2 ba

•

1,862

sq ft

132 Reed Ave, Kalamazoo, MI 49001

About this home

For Sale By Owner â€“ Land Contract Available Triplex Investment Opportunity Asking Price: $15900 Great opportunity for an investor or owner looking to generate rental income. This triplex is ready for its next owner, with all three units currently vacant, allowing you to set your own rents or choose your own tenants. Property Features * 3 Units * 2 Bedroom, 1 Bathroom * 1 Bedroom, 1 Bathroom * Studio, 1 Bathroom * 3 Vacant Units * Newer updates throughout * Detached 2-car garage * Previous gross rental income of $2,400/month * Potential to increase cash flow with market rents Financing Options * Land Contract Available * Pay off the land contract at any time * Negotiable offers welcome This is a great opportunity to purchase an income-producing property with immediate rental potential and flexible owner financing. Asking Price: $169,000 Here are the proposed land contract terms: * Purchase Price: $169,000 * Down Payment (20%): $33,800 * Amount Financed: $135,200 * Interest Rate: 8.00% * Term: 15 years (180 months) * Estimated Monthly Payment: Approximately $1,292/month Let me know if youâ€™d like to discuss any adjustments to the down payment, interest rate, or term. Call or message for more information.

1905Year Built

$91Price/Sq.Ft.

Source:FSBO.com#cmt0zsm3o007xs601r36myxuo

Payment calculator

$1,332 per month

Principal and interest$893

Property taxes

$366

HOA dues

Home insurance

$72

Utilities

Add

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Open houses

No upcoming open houses.

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Around this home

Schools

K - 12
Preschool & daycare

Washington Writers' Academy

Public PreK-5 • Assigned • 0.6mi

4/10

Milwood Middle School

Public 6-8 • Assigned • 1.6mi

6/10

Loy Norrix High School

Public 9-12 • Assigned • 2.2mi

8/10

Provided by GreatSchools

About

Edison

Edison, located between Portage Street and Sprinkle Road, is a residential and industrial Kalamazoo neighborhood with a rail-lined edge and a grid of mid-century streets. The neighborhood’s character concentrates around the Portage Street corridor near Kilgore Road, where auto shops, corner markets, and long-running eateries set a practical, lived-in tone. Community pillars include the Kalamazoo Farmers Market, the Kalamazoo State Theatre, and Bell’s Eccentric Cafe. Housing leans toward modest ranches and postwar capes with deep lots and mature trees. Parks and school grounds add open space, while nearby stadium nights and downtown arts calendars keep the area connected to city life.

Provided by Walk Score and Local Logic

Market insights

132 Reed Ave · $169,999

DAYS ON MARKET

The average home goes pending in 11 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median sale price in this area is $299,173. (76% higher than this home)

PRICE DROP

30% of homes in this area have had a price drop in the past month.

Property details

Exterior

Exterior features
Located in the Edison subdivision

Home design
Built in 1905

Construction
Living area approximately 1862

Sale and tax history for 132 Reed Ave

Sale History
Tax History

Date

Event

Price

FSBO.com #cmt0zsm3o007xs601r36myxuo

Aug 20, 2026

Listed

$169,999

$91/sq ft

SHOWMOJO #4

Aug 9, 2026

Rental Removed

$1,050

$1/sq ft

Aug 6, 2026

Listed for Rent

$1,050

$1/sq ft

Jun 15, 2026

Rental Removed

$650

$0/sq ft

Jun 11, 2026

Price Changed

$1,125

$1/sq ft

Jun 5, 2026

Price Changed

$1,150

$1/sq ft

May 27, 2026

Price Changed

$1,175

$1/sq ft

Apr 23, 2026

Listed for Rent

$1,200

$1/sq ft

SHOWMOJO #3

Jul 26, 2026

Rental Removed

$625

$0/sq ft

Jul 7, 2026

Price Changed

$625

$0/sq ft

Jun 11, 2026

Price Changed

$650

$0/sq ft

Apr 20, 2026

Listed for Rent

$675

$0/sq ft

SHOWMOJO #2

Jul 18, 2026

Rental Removed

$625

$0/sq ft

Jul 7, 2026

Price Changed

$725

$0/sq ft

Apr 26, 2026

Listed for Rent

$750

$0/sq ft

Apr 22, 2026

Rental Removed

$675

$0/sq ft

Apr 18, 2026

Listed for Rent

$860

$0/sq ft

REDFIN #1

Aug 5, 2026

Rental Removed

$625

$0/sq ft

Jul 6, 2026

Price Changed

$625

$0/sq ft

Jun 14, 2026

Price Changed

$650

$0/sq ft

Jun 14, 2026

Listed for Rent

$650

$0/sq ft

Apr 18, 2026

Rental Removed

$860

$0/sq ft

Feb 18, 2026

Price Changed

$675

$0/sq ft

Feb 18, 2026

Listed for Rent

$700

$0/sq ft

Jan 15, 2026

Rental Removed

$700

$0/sq ft

Dec 11, 2025

Price Changed

$700

$0/sq ft

Oct 23, 2025

Listed for Rent

$750

$0/sq ft

Oct 6, 2025

Rental Removed

$750

$0/sq ft

Oct 6, 2025

Price Changed

$750

$0/sq ft

Sep 29, 2025

Listed for Rent

$800

$0/sq ft

Public Records

Nov 27, 2024

Sold

$111,000

$60/sq ft

Greater Lansing AoR #70434699

Nov 15, 2024

Sold

$111,500

$60/sq ft

Oct 3, 2024

Listed

$115,000

$62/sq ft

SW Michigan MLS #2003182

Oct 16, 2014

Listing Removed

—

Jan 28, 2000

Listed

$61,900

$33/sq ft

SW Michigan MLS #9131495

Oct 16, 2014

Listing Removed

—

May 8, 1989

Listed

$27,500

$15/sq ft

SW Michigan MLS #2839405

Feb 2, 2009

Sold

$9,000

$5/sq ft

Sep 19, 2008

Listed

$12,000

$6/sq ft

SW Michigan MLS #2126548

Dec 27, 2001

Sold

$18,000

$10/sq ft

Aug 17, 2001

Listed

$19,000

$10/sq ft

SW Michigan MLS #9812592

Jun 30, 1998

Sold

$48,000

$26/sq ft

May 7, 1998

Listed

$48,000

$26/sq ft

Public record

Public record
Zoning

Beds

Baths

Stories

—

Lot width

42 ft.

Lot depth

—

Lot size

4,356 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

1,862

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,862

Year built

1905

Style

Single Family Residential

County

Kalamazoo County

APN

06-27-128-013

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 22, 2026.

RM15

Residential, Multi-Dwelling District

The primary purpose of the RM districts is to accommodate the development of multi-unit housing i.e., more than one dwelling unit per lot. The districts are intended to create, maintain and promote a mix of housing opportunities for City residents. RM-15C. The RM-15C district is intended to protect and enhance those areas developed or likely to develop with medium-density, multiple-family dwellings close to institutions of higher education. The district regulations are designed to promote a suitable environment for a variety of residential types and provide regulations to address increased off-street parking needs, ensure building designs that are compatible with a campus community and prevent overcrowding. The RM-15C district has higher parking requirements for multifamily dwellings, to reflect the generally higher occupancy of such units near institutions of higher education.

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Office
Fire house
Police station
Recreation
Park & open space

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 98° expected this year, 16 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Kalamazoo, MI • 49001

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

80/ 100

Very good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

8.5 hrs

4.8 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 132 Reed Ave

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Details provided by FSBO.com and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Market insights

Property details

Sale and tax history for 132 Reed Ave

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 132 Reed Ave

Nearby similar homes

New listings for sale in 49001-2801

More real estate resources