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    304 E Pancake Blvd Liberal, KS 67901

    For Sale
    $1,500,000

    MULTI_FAMILY - Liberal, KS

    Property size:
    6,950 SF
    Lot size:
    0.65 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 304 E Pancake Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    192-04-0-30-03-002.00-0
    Parking features
    Parking Lot
    Exterior features
    Private Yard, Rain Gutters
    Appliances
    Electric Cooktop, Microwave, Refrigerator
    Size
    6,950 SF
    Lot size
    0.65 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1955
    Floors in Building
    1
    Roof type
    Composition

    Envision Real Estate (620) 805-5001

    Listing agent Chad Novack (620) 805-5001 License #SP00234875

    Listing date Nov 19, 2025

    MLS# 100805 Listing URL

    Copyright © 2025 Garden City Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Investment Opportunity

    The Pancake Flats is a 23-unit multifamily complex located in Liberal, Kansas. The property is currently operating at nearly 90% occupancy. The complex features updated units and is designed for low maintenance. Each unit varies in size and rental income, providing diversified cash flow. Units include new kitchenettes, fresh paint, and new flooring, as well as new split heating and cooling units. The property benefits from a stable tenant base with a strong rental history and ample on-site parking. Its location is convenient to schools, shopping, and major employers. The property, situated on a 0.65-acre lot, totals 6,950 square feet. This property offers reliable cash flow and long-term growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranch Motel Motel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Liberal
    County
    Seward
    State
    Kansas
    Longitude
    -100.918342
    Latitude
    37.032018

    Nearby Similar for Sale

    • $1,237,000
      2,280 SF

      Prime Pizza Hut Investment, Liberal, KS

      High-traffic QSR, 14+ years lease.
      114 1St St, Liberal, KS 67901
      View Details

    FAQs

    What type of property is this?
    Apartment building - 23-unit multifamily complex in Liberal, Kansas, operating at nearly 90% occupancy.
    Where is this apartment building located?
    The property is located at 304 E Pancake Blvd Liberal, KS.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Turnkey multifamily investment opportunity with nearly 90% occupancy.; - Stable tenant base with strong rental history ensures reliable cash flow.; - Updated units feature new kitchenettes, fresh paint, and new flooring.
    (620) 805-5001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    304 E Pancake Blvd Liberal, KS 67901
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