Completely Turn-Key Investment Opportunity in Rapidly Growing Gardner, Kansas! This Well-Maintanied Nine-Plex is Steady! Solid and Predictable Cash Flow! Currently Professionally Managed. .. Massive tenant pool for this rent rate of property! These Units are Easy to Keep Full!
Multi-familyProperty Type
1945Year Built
6,600 sq ftLot Size
$88Price/Sq.Ft.
Listed by Branigan Barnett• Keller Williams Southland
This is a great value-add opportunity in rapidly growing Gardner, Kansas! Located in the heart of downtown Gardner, this 9-unit is currently cashflowing for a quick return. A few improvements will go a long way here and make this one a top-notch performer for any portfolio.
Heartland MLS as Distributed by MLS Grid #2019839
Jan 28, 2017
Listing Removed
—
Dec 16, 2016
Price Changed
$429,000
$89/sq ft
Nov 8, 2016
Listed
$499,000
$104/sq ft
Immediate cash flow production on this fully occupied 9 unit apt building. Well maintained & clean property in a desirable location will keep tenants in place and allow for a quick turnover when units do come up for lease. Management is in place and willing to continue managing this income producing property for new owner if desired. 10% Management Fee was used in determining expenses and CAP rate. All numbers are actual figures from current landlord and were not estimated. Documentation available upon request EMAIL FOR SHOWINGS AND INFO Property is being sold in its present condition; inspections are for buyer's knowledge only. All units are occupied. Do not disturb tenants. Listing agent will be present for all showings.
Heartland MLS as Distributed by MLS Grid #1726958
Dec 16, 2011
Listing Removed
—
May 3, 2011
Listed
$259,000
$54/sq ft
Public Records
Apr 23, 2008
Sold
—
Heartland MLS as Distributed by MLS Grid #1392333
Apr 11, 2007
Listed
$340,000
$71/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,782 (+0.4%)
$2,657 + $60,479
$63,136
2024
$7,749 (+5.5%)
$2,657 + $60,479
$63,136
2023
$7,346 (+3.6%)
$2,846 + $59,484
$62,330
2022
$7,091 (+9.0%)
$2,467 + $55,378
$57,845
2020
$6,503 (+23.7%)
2019
$5,256 (+3.8%)
$949 + $46,661
$47,610
2018
$5,065 (−4.8%)
$6,210 + $32,890
$39,100
2017
$5,323 (+16.5%)
$5,520 + $33,580
$39,100
2016
$4,568 (+4.9%)
$5,520 + $33,580
$39,100
2015
$4,355 (−9.7%)
$4,876 + $28,474
$33,350
2012
$4,823
$5,980 + $23,575
$29,555
Tax history for 227 E Main St
Year
Property tax
Land + Additions
Assessment*
2025
$7,782 (+0.4%)
$2,657 + $60,479
$63,136
2024
$7,749 (+5.5%)
$2,657 + $60,479
$63,136
2023
$7,346 (+3.6%)
$2,846 + $59,484
$62,330
2022
$7,091 (+9.0%)
$2,467 + $55,378
$57,845
2020
$6,503 (+23.7%)
2019
$5,256 (+3.8%)
$949 + $46,661
$47,610
2018
$5,065 (−4.8%)
$6,210 + $32,890
$39,100
2017
$5,323 (+16.5%)
$5,520 + $33,580
$39,100
2016
$4,568 (+4.9%)
$5,520 + $33,580
$39,100
2015
$4,355 (−9.7%)
$4,876 + $28,474
$33,350
2012
$4,823
$5,980 + $23,575
$29,555
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
6,600 Sq. Ft.
Year renovated
—
Sq. Ft.
4,452
Year built
1945
Style
Multi-Family (5+ Unit)
County
Johnson County
APN
CP51000000 0181
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
C-1
Central Business District
The Central Business District provides a broad range of retail, service, entertainment, employment and civic uses, and supporting accessory residential uses, in a compact and walkable format. Characterized by a high level of civic design that creates the vibrant heart of the City and a small-scale urban pattern that reinforces the historic focal point of the community.
Permitted uses
Include but are not limited to:
Automotive repair garage
Day care facility
General retail
Retail-Grocery
Healthcare
Housing-Multiple units
Manufacturing
Bed & breakfast
Mixed use building
Office
Property details
Parking
Parking Information
Parking Features: Off Street, On Street
Interior
Basement Information
Has Basement
Other Room Information
Other Room Features: Balcony/Loft,Private Bath
Dining Area Features: Liv/Dining Combo
Heating & Cooling
Heating Information: Baseboard, Wall Furnace
Cooling Information: Window Unit(s)
Interior Features
Interior Features: Apply To Some, Prt Window Cover
Flooring: Carpet
Multi-Family Financial Information
Operating Expense Includes: Property Mgmt, Real Estate Tax, Water/Sewer, Water/Sewer
Net Operating Income: $46,000
Gross Income: $64,000
Multi-Unit Information
# of Units (Total): 9
Unit Types: 1 Bedroom, 2 Bedroom
Current Occupancy Rate: Over 95%
Unit Type 1 Information
Unit Type: 1 Bedroom
# of Units: 3
# of Bathrooms: 1
Equipment: Apply To All Unit,Other,Range/Oven,Refrigerator
Unit Sq. Ft.: 500
Unit Type 2 Information
Unit Type: 2 Bedroom
# of Units: 6
# of Bathrooms: 1
Equipment: Apply To All Unit,Other,Range/Oven,Refrigerator
Unit Sq. Ft.: 550
Exterior
Building Information
Construction Materials: Vinyl Siding
Roof: Composition
Exterior Features
Patio And Porch Features: Deck
Property Information
Property Type: Residential Income
Property Sub Type: Apartment
Zoning: Comm
Land Information
In Flood Plain: No
Lot Information
Lot Size Area: 6,600
Lot Size Units: Square Feet
Road Responsibility: Public Maintenance
Utilities
Utility Information
Water Source: Public
Sewer: City/Public
Utilities: Cent Water Heater
Location
School Information
Elementary School: Gardner
Middle Or Junior High School: Wheatridge
High School: Gardner Edgerton
High School District: Gardner Edgerton
Location Information
Inside City Limits: Yes
Directions: GPS
Community Information
Maintenance Provided YN: 0
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,452
Stories: 2.0
Lot Size: 6,600 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1945
Year Renovated: —
County: Johnson County
APN: CP51000000 0181
Home facts updated by county records on Jul 27, 2026
Other
Home Information
Age Description: 76-100 Years
Stories Total: 2
Around this home
Schools
Gardner Elementary School
Public PreK-4 • Assigned • 0.1mi
8/10
Wheatridge Middle School
Public 5-8 • Assigned • 0.3mi
6/10
Gardner Edgerton High School
Public 9-12 • Assigned • 0.9mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 107° expected this year, 17 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Gardner, KS • 66030
Average low and high temperatures (°F)
37
19
47
28
65
41
69
50
75
55
84
68
89
72
85
67
82
61
74
53
57
39
47
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 4.7 hours in December, which is comparable to the
U.S. average for solar exposure.