209 Wallace Avenue
About This Property
This beautifully updated home is truly move-in ready, giving you peace of mind with recent improvements like stainless steel appliances, updated flooring, modern fixtures, ceramic tile, and fresh paint throughout. The spacious living room flows seamlessly into the kitchen, creating an inviting space ideal for everyday living and entertaining. The kitchen features a functional galley design, and the convenient main-floor laundry is located just off the back of the home.
The main level is complete with three comfortable bedrooms and a fresh, clean full bathroom. Outside, enjoy a deep lot with a generous backyard and a large storage shed-perfect for additional storage or hobbies. The home offers flexible spaces that can be customized to your needs, whether adding a home office or garden. Conveniently located near shopping, dining, and everyday amenities. Kalamazoo promise qualified, don't miss your opportunity to make this home yours!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 6, 2026 | Listed by REO Specialists, L.L.C. | $124,900 | |
| Listed by REO Specialists, L.L.C. | |||
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209 Wallace Ave, Kalamazoo, MI 49048
3-bedroom, 1-bath home for sale. This ranch-style home offers single-level living with all rooms on one level, including the laundry, and no interior steps. Many recent updates, including the kitchen and bathroom, must be seen to be appreciated.
Richard Stewart, REO Specialists, LLC
269-345-7000 - or visit www.RichardStewart.com
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| Feb 28, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 15, 2026 | Listed by Whitmore Realty Group, LLC | $159,900 | |
| Listed by Whitmore Realty Group, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017