229 W 13th Ave - Apartments FOR SALE


Emporia, KS 66801
$440,000 USD
620-757-5519
229 W 13th Ave, Emporia, KS for Sale
$440,000 USD
Apartments - FOR SALE
1/1
null | 7.25% Cap Rate

229 W 13th Ave
Emporia, KS 66801


HIGHLIGHTS

  • Strong, reliable rental demand near Emporia State University and downtown employers.
  • Light value-add potential through simple interior upgrades and rent optimization
  • Solid, low-maintenance building with stable income and proven occupancy.

OVERVIEW

The Center Street 8-Plex is a well-located multifamily asset offering dependable cash flow with clear room for continued rent growth. Situated near downtown Emporia and walkable to Emporia State University, the property attracts consistent tenant demand from students, young professionals. This solid brick building features eight spacious units with functional layouts and recent improvements, making it a high potential asset. With market rents continuing to trend upward in the area, the property presents an immediate opportunity for an investor to increase income through light value-add upgrades and ongoing management efficiencies. The Center Street 8-Plex offers a strong blend of location, stability and an ideal addition to any investment portfolio or a perfect entry point into the Emporia multifamily market.

FOR SALE DETAILS

PRICE

$440,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

8

PRICE/UNIT

$55,000

CAP RATE

7.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Center Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,769 SF

ZONING

R3

APN/PARCEL ID

192-10-0-20-13-005.00-0

ASK ABOUT THIS PROPERTY

Christian KeislerCentury 21 Monument Real EstateMore Info
620-757-5519

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Christian KeislerCentury 21 Monument Real EstateMore Info
620-757-5519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.