Great investment opportunity! Turnkey 4-unit property in Parchment. All units are occupied. Coin-op laundry in basement. All four units are 1 bedroom 1 bath. City Certified.
Single-familyProperty Type
1918Year Built
9,583 sq ftLot Size
$144Est. Price/Sq.Ft.
4 spacesParking
Listed by Home Marketing Systems Inc. Fleckenstein• Home Marketing Systems, Inc.
Bought with Kristi McFellin• CENTURY 21 Affiliated
Bought with Home Marketing Systems Inc. Fleckenstein• Home Marketing Systems, Inc.
Source:SW Michigan MLS #19024447
Redfin Estimate
$246,269
$11K since sold in January 2025$3,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 23.9% higher than the average sale price ($199K) of 6 comparable homes.
Great investment opportunity! Turnkey 4-unit property in Parchment. All units are occupied. Coin-op laundry in basement. All four units are 1 bedroom 1 bath. City Certified.
Greater Lansing AoR #70127242
Sep 5, 2019
Sold
$150,000
$88/sq ft
Jun 3, 2019
Listed
$125,000
$73/sq ft
REALCOMP #66019024447
Sep 5, 2019
Sold
$150,000
$88/sq ft
Jun 3, 2019
Listed
$125,000
$73/sq ft
Great investment opportunity! Turnkey 4-unit property in Parchment. All units are occupied. Coin-op laundry in basement. All four units are 1 bedroom 1 bath. City Certified.
SW Michigan MLS #2622380
Sep 15, 2014
Listing Removed
—
May 15, 2006
Listed
$124,900
$73/sq ft
SW Michigan MLS #2405524
Sep 15, 2014
Listing Removed
—
Feb 16, 2004
Listed
$124,900
$73/sq ft
SW Michigan MLS #9196752
Jan 16, 1997
Sold
$47,000
$27/sq ft
Sep 25, 1996
Listed
$49,900
$29/sq ft
SW Michigan MLS #9178202
Sep 13, 1994
Listing Removed
—
Jul 4, 1994
Listed
$49,900
$29/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,575 (−1.9%)
2024
$6,703 (+16.2%)
2023
$5,767 (+35.3%)
2022
$4,262 (−1.6%)
2021
$4,331 (+4.2%)
2020
$4,159 (+75.2%)
2019
$2,374
Tax history for 2203 Mount Olivet Rd
Year
Property tax
Land + Additions
Assessment*
2025
$6,575 (−1.9%)
2024
$6,703 (+16.2%)
2023
$5,767 (+35.3%)
2022
$4,262 (−1.6%)
2021
$4,331 (+4.2%)
2020
$4,159 (+75.2%)
2019
$2,374
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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
Property details
Interior
Basement Information
Basement Sq. Ft: 792
Bathroom Information
# of Full Baths: 4
Heating & Cooling
Heating Type: Forced Air
Exterior
Property Information
Subdivision Name: SUPRVRS OF SIMMONS SUB
Living Sq. Ft: 1,710
Ground Floor Sq. Ft: 918
Building Sq. Ft: 1,710
Legal Description: G76-16 SUPERVISORS PLAT OF SIMMONS SUBDIVISION LOT 16
Lot Information
# of Buildings: 1
Land Sq. Ft: 9,583
Legal Lot Number: 16
Municipality Name: KALAMZOO
Acres: 0.22
County Use Description: RESIDENTIAL IMPROVED
State Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 1,710
Stories: —
Lot Size: 9,583 square feet
Style: Single Family Residential
Year Built: 1918
Year Renovated: —
County: Kalamazoo County
APN: 06-11-186-016
Home facts updated by county records on Jul 22, 2026
Around this home
Schools
Spring Valley Center For Exploration
Public PreK-5 • Assigned • 1.4mi
4/10
Hillside Middle School
Public 6-8 • Assigned • 2.6mi
6/10
Kalamazoo Central High School
Public 9-12 • Assigned • 4.2mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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 100° expected this year, 15 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 • 49004
Average low and high temperatures (°F)
28
15
35
19
53
32
62
41
68
47
80
60
83
66
79
60
77
55
66
45
48
36
35
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 2.6 hours in December, placing it below the
U.S. average for solar exposure.
10.1 hrs
2.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$234,000 – $284,000
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