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Kalamazoo 49007 Central Business District
938 Bellevue Place
$107,500
● House - Off Market

938 Bellevue Place

Kalamazoo, MI 49007
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,402 Ft²
$728
Est. Monthly
14.32%
Cap Rate

About This Property

This well-maintained 3-bedroom, 1-bath home is an excellent investment opportunity located in the heart of Kalamazoo. Currently occupied with a month-to-month lease at $935/month, this property offers immediate rental income and flexibility for future use. The home is in great condition and ideally situated just minutes from downtown Kalamazoo, Western Michigan University, and Kalamazoo College. Perfect for attracting tenants who value convenience and proximity to education, work, and entertainment. Don't miss out on this income-generating property in a high-demand area. Schedule your showing today!
Unit Size
1,402 Ft²
Days on Market
152 days
Land Size
0.06 acres
Price per sqft
$78
Property Type
House
Property Taxes
$188
HOA Dues
-
Year Built
1910

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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: 2 years ago (MichRIC MLS #24063427)

Price History

Date / Event Date Event Price
May 20, 2025 Sold
Premium
Sold
Apr 7, 2025 In contract -
In contract
Feb 20, 2025 Price Decreased $109,900
↓ $10K (8.3%)
Price Decreased
Dec 18, 2024 Listed by Five Star Real Estate $119,900
Listed by Five Star Real Estate
Nov 27, 2018 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 175
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 761
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,614
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,402
  • Building Area: 1,402
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,402
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000060
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: 5616 COM AT PT 643 1/2 FT E & 156 3/4 FT S OF N 1/4 POST SEC 21-2-11 TH S 74 1/4 FT TH W 33 FT TH N 74 1/4 FT TH E 33 FT TO

Neighborhood

  • School District Name: Kalamazoo Public School District
  • School Tax School District: KALAMAZOO
  • Census Tract: 000601

Zoning

  • Zoning: RM-36

Geography

  • District: 0
  • Parcel: 06-21-202-003
  • Meridian: SEC 21 TWN 02 RNG 11
  • Municipality: KALAMAZOO CITY
  • Latitude: 42.2882
  • Longitude: -85.597

    Address

  • Full Address: 938 Bellevue Pl
  • Address - House Number: 938
  • Address - Street Name: Bellevue
  • Address - Suffix Type: Pl
  • State: MI
  • City Name: Kalamazoo
  • Carrier Code: C033
  • 4-Digit Zip Code: 5047
  • Zip Code: 49007

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $93,591

    Appraisal Valuation

  • Standard Deviation: 0.2038
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 72
  • Final Value: 146,747
  • High Value: 176,663
  • Low Value: 116,831

    Market Valuation

  • Market Total Value: $99,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,900

    Sales

  • Current Sale Contract Date: Oct 29, 2018
  • Current Sale Recording Date: Nov 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-037003
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 Central Business District

Stats & Trends

Median Asking:

$244,950

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

91

Average Home Size

1864 ft²

Average Home Age

85.7 years

Currently For Sale

7 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

Rentals Near You

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MichRIC

Listed by: Adam Atwood, Five Star Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24063427
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 938 Bellevue Place built and last sold?
The property at 938 Bellevue Place was built in 1910 and last sold on Oct 29, 2018 for $55,000.
How much is this home worth?
The estimated value of the home located at 938 Bellevue Place is $110,999.
What are some comparable homes to 938 Bellevue Place?
There are currently no comparable homes to 938 Bellevue Place.
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