5 unit Investment opportunity in the Vine Neighborhood, downtown Kalamazoo. Large lot with plenty of off-street parking. Close to WMU, Kalamazoo College and central business district. Three one-bedroom apartments and two studio apartments. Newer roof. Five furnaces and one water heater were recently installed and gas meters split.
Woods Lake Elementary:A Magnet Center For The Arts
Public PreK-5 • Assigned • 2.2mi
6/10
Maple Street Magnet School For The Arts
Public 6-8 • Assigned • 1.0mi
6/10
Loy Norrix High School
Public 9-12 • Assigned • 3.2mi
8/10
Provided by GreatSchools
About
Vine
Vine, located between Downtown Kalamazoo and Westnedge Hill, is a historic and eclectic Kalamazoo neighborhood with a porch-lined streetscape and a walkable, campus-adjacent feel. The neighborhood’s character concentrates along Westnedge Avenue near Vine Street, where corner markets, coffee counters, and late-night bites keep the sidewalks active. Housing stock leans toward early-20th-century houses and small apartment buildings, with mature trees and tight blocks shaping the street rhythm. The Vine Neighborhood Association anchors local stewardship and block-level events. Nearby, the Kalamazoo Institute of Arts and the Kalamazoo State Theatre add gallery-and-marquee energy to an evening out. Bronson Park and the Kalamazoo Mall extend the public-space circuit with lawns, fountains, and pedestrian storefronts.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Basement (type: other)
Heating & cooling
Forced air heating
Exterior features
Wood exterior
Home design
Multi-family property
Originally built in 1860
Construction
Basement foundation
Utilities
Natural gas
HOA & community
Owner/landlord pays electric, trash removal, and water/sewer
Financial info
Five total rental units
Unit rents listed as approximately $450, $700, $835, $760, and $800
Other
Property located in Kalamazoo
Electricity and solar
View estimated energy costs and solar savings for this home
5 unit Investment opportunity in the Vine Neighborhood, downtown Kalamazoo. Large lot with plenty of off-street parking. Close to WMU, Kalamazoo College and central business district. Three one-bedroom apartments and two studio apartments. Newer roof. Five furnaces and one water heater were recently installed and gas meters split.
MiRealSource-MiMLS #70504162
May 4, 2026
Listing Removed
—
Nov 28, 2025
Listing Removed
—
Nov 7, 2025
Listed
$249,900
$98/sq ft
REALCOMP #66025057512
Nov 28, 2025
Listing Removed
—
Nov 7, 2025
Listed
$249,900
$98/sq ft
Public Records
Jan 18, 2024
Sold
$205,000
$81/sq ft
SW Michigan MLS #23026331
Dec 7, 2023
Sold
$205,000
$81/sq ft
Oct 5, 2023
Pending
—
Jul 22, 2023
Listed
$220,000
$87/sq ft
MiRealSource-MiMLS #70322955
Dec 7, 2023
Sold
$205,000
$81/sq ft
Oct 5, 2023
Pending
—
Jul 22, 2023
Listed
$220,000
$87/sq ft
REALCOMP #62023026331
Dec 7, 2023
Sold
$205,000
$81/sq ft
Oct 5, 2023
Pending
—
Jul 22, 2023
Listed
$220,000
$87/sq ft
Greater Lansing AoR #70198864
Jan 26, 2022
Listing Removed
—
REALCOMP #66021024156
Jan 27, 2022
Listing Removed
—
Jun 23, 2021
Listed
$550,000
$216/sq ft
SW Michigan MLS #3595364
Dec 23, 2014
Listing Removed
—
May 18, 2007
Listed
$89,900
$35/sq ft
SW Michigan MLS #2723936
Sep 15, 2014
Listing Removed
—
May 18, 2007
Listed
$89,900
$35/sq ft
SW Michigan MLS #2901734
Apr 23, 2009
Sold
$57,000
$22/sq ft
Jan 22, 2009
Listed
$69,800
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,980 (+0.8%)
2024
$5,934 (+146.5%)
2023
$2,408 (+5.2%)
2022
$2,290 (+3.4%)
2021
$2,214 (+1.9%)
2020
$2,173 (+3.8%)
2019
$2,092
Public record
Public record
Zoning
Beds
—
Baths
5
Stories
—
Lot width
66 ft.
Lot depth
44 ft.
Lot size
8,712 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
2,542
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,542
Year built
1860
Style
Single Family Residential
County
Kalamazoo County
APN
06-21-236-409
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
RM15
HP-O
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.
Zone overlays
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
3/10 Heat Factor
7 days above 100° 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 • 49007-5084
Average low and high temperatures (°F)
28
16
35
20
53
33
62
41
68
47
80
61
84
65
79
61
76
55
66
45
48
37
35
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 515 Locust St
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