28-Unit Efficiency Apartment Complex

1502 East Fulton Street Garden City, KS 67846

Claim this Listing
For Sale
$1,495,000

Commercial Sale, Other - Garden City, KS

Property size:
10,816 SF
Lot size:
0.62 Acres
Price / SF:
$138/SF
Added:
Apr 30, 2025
Days on Market:
438
Last Refresh:
Jul 11 at 4:06 am

Property Features for 1502 East Fulton Street

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
10,816 SF
Lot size
0.62 Acres

Building Details

Year built
1986
Architectural style
Other

Listing agent Jessica Willimon License #00251718,PersonLicenseNumber

Listing office NextHome Dana Trahern Realty 430 S. Arapahoe St., KS

Listing date Apr 30, 2025

MLS# 13902 Listing URL

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This 28-unit efficiency apartment complex includes 25 studio units, 1 large studio unit, 1 one-bedroom unit, and 1 three-bedroom unit. The property was originally built in 1986 and renovated in 2019. Each unit is equipped with a gas range and refrigerator, and most units include a dishwasher. Tenant comfort is supported by PTAC heating and cooling systems. The building is secured with surveillance cameras, and there is a fire sprinkler system throughout. Owner-paid utilities are part of the operating model, and the property also provides onsite laundry and mail delivery.

Located at 1502 East Fulton Street in Garden City, Kansas (67846), the property sits on a 0.62-acre lot. With 10,816 square feet of building area, the complex is designed for straightforward multi-unit ownership and management.

For investors or owner-operators seeking a hands-on, move-in-ready multifamily asset, this offering is described as fully operational and turnkey, with a stated 7.97% cap rate in the listing materials. The unit mix provides a range of efficiency and larger layouts within the same property, while the combination of in-unit appliances, PTAC systems, and on-site services supports day-to-day tenant convenience.

Key Highlights

  • Turnkey 28‑unit apartment complex with immediate cash flow.
  • High 7.97% Cap Rate.
  • Located in a steadily growing community with strong rental demand.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Blue Jay Apartments Apartment Building

Suggested Use

Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Daycare Center HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Turnkey 28-unit complex with renovated interiors, onsite laundry, and secured amenities for efficient, hassle-reduced operations.
Where is this apartment building located?
The property is located at 1502 East Fulton Street Garden City, KS.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Turnkey 28‑unit apartment complex with immediate cash flow.; High 7.97% Cap Rate.; Located in a steadily growing community with strong rental demand.
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