Great Investment Opportunity! 18 Unit (17 -1 Bedroom/1 Bath and 1 Studio) Apartment Complex ideally located off of 6th Street in Sunset Hills neighborhood. Close to University of Kansas and a growing area in Lawrence for high rental potential. Two story building with a total square footage of 10,143. Apartments are fully leased and under market value, has future potential for higher cash flow. Attached parking area has been resurfaced recently and building has been maintained.
The purpose of the M-3 district is to accommodate a mix of storefront retail, office, and; or residential dwelling units along arterial and collector corridors at a scale larger than the neighborhood-scale uses accommodated by the M-1 and M-2 districts.
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Bed & breakfast
Hotel / motel
Office
Property details
Parking
Parking Information
Parking Total: 26
Parking Features: Paved
Interior
Basement Information
Has Basement
Laundry Information
Laundry Features: Central Laundry, In Basement
Heating & Cooling
Heating Information: Electric, Natural Gas, Other
Has Cooling
Cooling Information: Electric
Multi-Family Financial Information
Operating Expense Includes: Maintenance, Insurance, Property Mgmt, Real Estate Tax
Gross Income: $130,935
Multi-Unit Information
# of Units (Total): 18
Unit Count: 2
Unit Types: 1 Bedroom, Efficiency
Current Occupancy Rate: Over 95%
Unit Type 1 Information
Unit Type: 1 Bedroom
# of Units: 17
Unit Type 2 Information
Unit Type: Efficiency
# of Units: 1
Exterior
Building Information
Construction Materials: Brick Veneer, Frame
Roof: Tar/Gravel
Property Information
Property Type: Residential Income
Property Sub Type: Apartment
Zoning: CS
Land Information
In Flood Plain: No
Lot Information
Lot Size Area: 24,000
Lot Size Units: Square Feet
Lot Size Source: Public Records
Financial
Tax Information
Tax Annual Amount: $11,887
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Utilities: Ind Heat And Air
Location
HOA Information
Association Fee Frequency: None
School Information
High School District: Lawrence
Location Information
Directions: From 59 Hwy/Iowa St go west on 6th Street, South on Schwarz Rd to property on east side.
Community Information
Maintenance Provided YN: 1
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 10,143
Stories: —
Lot Size: 0.55 acres
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Douglas County
APN: 0230673502001002000
Home facts updated by county records on Jul 27, 2026
Other
Listing Date Information
Attribution Contact: 785-229-6740
Home Information
Age Description: 51-75 Years
Stories Total: 2
Around this home
Schools
Sunset Hill Elementary School
Public K-5 • Assigned • 0.2mi
5/10
Lawrence West Middle School
Public 6-8 • Assigned • 0.4mi
7/10
Lawrence Free State High School
Public 9-12 • Assigned • 1.8mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 110° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lawrence, KS • 66049
Average low and high temperatures (°F)
37
18
48
26
65
40
69
49
75
54
85
67
89
72
86
67
82
60
74
51
57
38
46
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
88/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
Property information provided by Heartland MLS as Distributed by MLS Grid when last listed in 2026. This data may not match public records. Learn more.