Sold!
$2,200,000
22
Beds
10
Baths
10,057
Living Area
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Property Description
Exceptional investment opportunity in the heart of South Lawrence! This rare 9-unit property consists of a 6-unit building, a 2-family, and a single-family home, offering a total of 22 bedrooms and 10 bathrooms. The property features strong in-place cash flow with low operating expenses and upside potential. Most units have been tastefully renovated, providing modern interiors that attract and retain quality tenants. Major capital improvements include updated heating systems throughout, all replaced in 2019. The unit mix includes spacious 3-bedroom apartments, multiple 2-bedroom units, and a well-maintained single-family residence with 2 bedrooms and 2 baths. Located in a highly desirable South Lawrence location near major routes, shopping, schools, and public transportation. A turnkey asset with scale, stability, and long-term growth potential — one of the most attractive multifamily investments currently available in Lawrence.
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Highlights
- Levels: 3
- Property Type: 5-9 Family
- Total Rooms: 37
- Status: Closed
- Property Class: Residential Income
- Stories: 3
- Year Built: 1920
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Additional Details
- Basement: Full
- Exterior Features: Balcony
- Foundation: Stone
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Unknown/Mixed
- Zoning: R3
- Construction: Frame
- Flooring: Wood, Tile, Vinyl, Other
- Lot Features: Easements, Other
- Roof: Shingle, Rubber
- Total Number of Units: 9
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
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Utilities
- Electric: 100 Amp Service
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $1,711,100
- Taxes: $14,784
- Tax Year: 2026
- Total Rent: $19,900
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Listing information provided courtesy of Realty ONE Group Nest.
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