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Kalamazoo 49006 Knollwood
1127 Lafayette Avenue
$202,000
● House - Off Market

1127 Lafayette Avenue

Kalamazoo, MI 49006
bedrooms
6 Beds
bathrooms
2 Baths
square feet
2,031 Ft²
$1,684
Est. Monthly
9.62%
Cap Rate

About This Property

6 bedroom 2 bath currently city certified  through 4/30/26.   Previous lease terms were 2200/mo.   The original portion of the house has 2 bedrooms, living room, dining room and kitchen. The back portion of the house is a newer addition and has 4 more bedrooms, laundry, living room with a deck off the back, and another full bath.  Recent improvements include a new front porch, flooring, kitchen updates and landscaping.   Excellent student rental location across the street from WMU and walkable to shopping, restaurants and night life.
Unit Size
2,031 Ft²
Days on Market
45 days
Land Size
0.21 acres
Price per sqft
$103
Property Type
House
Property Taxes
$657
HOA Dues
-
Year Built
1935

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 months ago (MichRIC MLS #25033065)

Price History

Date / Event Date Event Price
Oct 24, 2025 Sold
Premium
Sold
Sep 23, 2025 In contract -
In contract
Sep 10, 2025 Relisted $209,000
Relisted
Aug 30, 2025 In contract -
In contract
Aug 27, 2025 Price Decreased $209,000
↓ $21K (9.1%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 781
  • Garage Type: 7
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 440
  • Lot Size Frontage Feet: 690
  • Total Building Area: 2,031
  • Building Area: 2,031
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,031
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOODLAWN PARK
  • Land Acres: 0000000210
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: G101-78&79-1 WOODLAWN PARK, LIBER 8 OF PLATS PAGE 22; LOT 31 IN BLOCK 3. ALSO LOT 32 IN BLOCK 3, EXCLUDING THE NORTH 11FT.

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 001510

Zoning

  • Zoning: RM-15C

Geography

  • District: 0
  • Parcel: 06-20-336-031
  • Block: 3
  • Lot: 31-32
  • Municipality: KALAMAZOO CITY
  • Latitude: 42.2798
  • Longitude: -85.6222

    Address

  • Full Address: 1127 Lafayette Ave
  • Address - House Number: 1127
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C011
  • 4-Digit Zip Code: 5631
  • Zip Code: 49006

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $302,407
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.192
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 74
  • Final Value: 274,301
  • High Value: 326,968
  • Low Value: 221,634

    Market Valuation

  • Market Total Value: $209,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,700

    Sales

  • Current Sale Contract Date: Mar 14, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5492
  • Previous Sale Recording Date: Jan 07, 2020
  • Previous Sale Contract Date: Nov 15, 2019
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Knollwood

Stats & Trends

Median Asking:

$107,450

Sale Price/ft²

$120

Below Asking

0.07%

Average Days on Market

82

Average Home Size

560 ft²

Average Home Age

53.2 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 3427 W Michigan Avenue, MI, 49006

$3,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,617 ft²
3427 W Michigan Avenue, MI, 49006 Listing by Crystal M Kurr

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Joseph Lukeman, Lukeman Group LLC
Last Updated: 12 months ago
Data Source: MichRIC, MLS# 25033065
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1127 Lafayette Avenue built and last sold?
The property at 1127 Lafayette Avenue was built in 1935 and last sold on Mar 14, 2023 for $220,000.
How much is this home worth?
The estimated value of the home located at 1127 Lafayette Avenue is $210,910.
What are some comparable homes to 1127 Lafayette Avenue?
There are currently no comparable homes to 1127 Lafayette Avenue.
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