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    310-312 N 8th Street Leavenworth, KS 66048

    View on Map
    For Sale
    $659,000

    MULTI_FAMILY - Leavenworth, KS

    Type:Apartment
    Lot size:
    0.19 Acres
    Added:
    May 7, 2025
    Days on Market:
    330
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 310-312 N 8th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    R
    Bathrooms
    2
    Rooms
    Basement, Bathroom 2, Bathroom 1
    Parking
    6
    Parking features
    On Street, Garage
    Patio and Porch features
    Deck
    Interior features
    Common Entry, Individual Storage
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Electric Range, Washer
    Standard status
    Active
    APN
    077-26-0-43-06-005.00-0
    Lot size
    0.19 Acres

    Taxes and HOA fees

    TaxDescription
    WESTERN ADDITION , BLOCK 114 , Lot 22 - 24 , (SCALED) Plat Book/Page 1A /27 Lot Width: 062.0 Lot Depth: 125.0 Deed Book/Page 0983/1080 0983/1078 0763/0978 0749/1881
    TaxAnnualAmount
    5542

    Utilities

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

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    6
    Building materials
    Frame
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jessica Magaha
    Jessica Magaha

    Listing agent Jessica Magaha License #SP00236529

    Listing office Platinum Realty LLC 9393 West 110th St Suite 170, Overland Park, KS

    Listing date May 7, 2025

    MLS# 2548204

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leavenworth Multifamily Investment Opportunity

    This multifamily property in Leavenworth, Kansas, presents an investment opportunity with six updated units. The units are well-maintained and designed for ease of rental. Each unit includes a separate garage space, offering potential for increased income, as currently there is no additional charge for the garage spaces. Each unit is equipped with its own washer and dryer. Situated on a lot of 0.1901 acres, this property is zoned R. Located in Leavenworth County, the property is a turn-key investment with the potential to improve rent on each individual unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Leavenworth
    County
    Leavenworth
    State
    Kansas
    Longitude
    -94.923646
    Latitude
    39.32031

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    FAQs

    What type of property is this?
    Apartment building - Six updated units with garages and in-unit laundry.
    Where is this apartment building located?
    The property is located at 310-312 N 8th Street Leavenworth, KS.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: Turn‑key property, ready for investment.; Six clean, updated, and well‑maintained units.; Each unit includes its own washer/dryer.
    (913) 748-6213
    We can help!
    Listing Contact
    Jessica Magaha
    Jessica Magaha
    Real Estate License ID: SP00236529
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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