- For Sale $535,000
- Property Type Multi-Family
- Property Size 4,354 SF
- Units 17
- Lot Size 0.27 Acre
- Property Tenancy Multi-Tenant
- Year Built 1951
- Year Renovated 2026
- Date Updated Jul 31, 2026
Description
25 Miles south of Hays, Kansas. Located along Highway 4 and north of Highway 96. County seat for Rush County including the Rush County Memorial hospital & Rush County Highway Department Offices.ntroducing an exceptional investment opportunity at 501 Main St in La Crosse, KS, just 25 miles from Hays. This freshly renovated 4,354 SF, 17-unit low-rise building is a prime opportunity for multifamily investors. Renovated in 2026, the property enjoys a high occupancy rate with year-long leases, offering exceptional cash flow potential. With 94% occupancy and its convenient location, this property represents a lucrative and strategic investment opportunity. Don't miss the chance to capitalize on this promising addition to your investment portfolio.
Highlights
- $75-$100 utility bill back payable monthly from each tenant
- 94% Occupied with most leases being a year in length
- Over 10% Cap Rate
- Rent average from $450-$475 on initial lease
- Value add over time, initial leases are from Lease Up period after renovations
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Contacts
Shane Pullman
PenFed Realty
Location
Located at 501 Main St, La Crosse, KS 67548, this property is part of the La Crosse neighborhood.
Contact Listing Broker
Shane Pullman
PenFed Realty